Rockridge Resources Ltd. Commenced Follow-Up Drilling at its High-Grade Raney Gold Project and Reports Final Assay Results from its Summer Drilling Program.Additionally, the Company has received assay results for the final four holes from its 2,020 metre summer diamond drilling program. A total of eight drill holes were completed with the highlights below reporting assay results from the last four drill holes, which identified both extension along strike and at depth. The results from the summer program warranted follow-up work to be conducted so the Company has commenced drilling again at the project and is fully funded for several additional drill holes.

Rockridge has commenced a fully-funded, additional phase of drilling to follow-up on the recently completed summer drilling campaign at the high-grade Raney Gold Project. The planned phase of drilling is aimed to fill gaps within areas of known mineralization and to ultimately design a larger program to further evaluate the strike, depth and expansion potential of the high-grade zones of gold mineralization discovered from previous programs. The follow-up drilling has just commenced and will provide additional news flow over the coming weeks and months. The 2023 summer Raney drill program has proven the extension of the Raney zone to the northwest with the intersection of alteration and mineralization in holes RN 23-21, RN 23-22 and RN 23-28.

A newly discovered style of mineralization associated with a brittle structure intersected in holes RN 23-21 and RN 23-22 represents an important new target for follow up testing. Hole RN 23-28 was drilled 125m southeast of hole RN 23-21 towards the Raney main zone. Several sections of alteration and quartz veining were intersected, which assayed 0.87 g/t gold over 4m, including 2.71 g/t over 1m, within the brittle fault structure as intersected in holes RN 23-21,22, and a separate intersection of 0.36 g/t gold over 7m.

Hole RN 23-25 intersected 0.38 g/t gold over 1m starting at 127m depth and was drilled east of the known Raney Gold Zone. The other two drill holes intersected anomalous mineralization. The Raney Gold Project is strategically located within the highly prospective west extension of the Abitibi Greenstone belt, proximal to several regional deposits.

Newmont?s operating Borden Gold Mine (reserves of 4.17 MT @ 6.38 g/t Au for ~860k oz. Au reported in 2015) is located 35 km west of Raney. IAMGOLD and JV partner Sumitomo Metals Mining recently decided to proceed with construction of their Cote gold project located 75 km southeast of Raney.

The Cote project, estimated to contain gold reserves of ~7 million ounces (~236MT @ 0.96 g/t Au), is noted as a ?world-class? deposit by IAMGOLD. In 2020, Rockridge completed just over 5,000m of drilling in twenty drill holes.

The drilling focused on the main mineralized zone over a strike extent of approximately 225 metres that produced the best historic intercept of 6.5 g/t Au over 8.0 metres in 2010. Rockridge?s drilling in 2020 returned a high-grade intercept of 27.9 g/t Au over 6.0 metres near the 100-metre depth level in hole RAN-20-06. The broad structural corridor that hosts the mineralization is up to 125 metres wide and extends well beyond the area tested by drilling.

Other results from the drilling included hole RN 20-13 which returned 2.5 g/t Au over 13.0m, including 9.6 g/t Au over 2.0m, as well as hole RN 20-18 which was a significant step out hole along strike 250m to the west of the main zone and returned 1.36 g/t Au over 9.0m including 2.1 g/t Au over 4.0m.Prior to Rockridge?s drilling, historical drillingat the Raney Gold Project focused on identifyingnear-surface gold mineralization. Previous exploration on the Property from 1972 to 1991 consisted of prospecting, mapping, sampling, trenching, winkie drilling, ground geophysics, stripping, and some limited diamond drilling. This was followed by exploration work during the 2009 to 2010 period.

The Property is underlain by mafic volcanics to the north, and felsic to intermediate volcaniclastics to the south. The felsic volcaniclastics are host to the gold zones. Quartz feldspar porphyry dykes and sills and minor mafic intrusives occur throughout the Property.

The porphyries are generally massive but may be sheared and hydrothermally altered and veined in places. A 100 metre-wide intensely sheared and altered quartz-feldspar porphyry body is located just to the south of the main Raney gold showing. Gold mineralization exposed on the surface and intersected in drill holes on the property is typical of the lode gold class of gold deposit which is the dominant gold deposit type in the Abitibi Greenstone Belt.

Gold mineralization on the property is associated with the intensely sheared and altered zones within the felsic tuffs, and higher grades tend to occur where quartz veining is present. The Property is in the Archean Swayze Greenstone Belt, considered to be the southeast extension of the Abitibi Greenstone Belt, which hosts the world-class Timmins and Kirkland Lake gold districts. Numerous gold occurrences occur throughout the district and several world-class mines have been developed.

These deposits are responsible for a significant portion of the world?s cumulative gold production and are often characterized by gold enriched quartz vein systems associated with supracrustal belts in low to medium grade metamorphic terranes. Gold mineralization at the Property is typical of the mesothermal lode gold deposit model. Rockridge owns a 100% interest in the Raney Gold Project.

Core samples were prepared using the PREP-31b package in ALS's Timmins facility. Samples are then shipped to ALS's North Vancouver facility for assay procedures. Fire assay ALS code AU-AA23 using a 50 g sample was completed.

For samples with visible gold, AuScr 24 was completed. A QA/QC program included laboratory and field standards inserted at approximately every 20 samples. At least one field blank is inserted in every batch of 20 samples, with additional blanks inserted following samples with visible gold.