Rockridge Resources Ltd. announced that it has completed eight diamond drill holes in a 2,000-metre diamond drilling program at its Raney Gold Project located southwest of Timmins, Ontario, Canada. Samples have been sent to the laboratory for assaying and the Company expects to receive the results in the near future. The recently completed drill program was designed to evaluate the strike, depth and expansion potential of the high-grade zones of gold mineralization discovered from previous drilling.

The drilling program entailed 2,000 metres in eight diamond drill holes; logging and sampling of the core is being completed, and assay results are expected soon. Numerous drill holes contained visual indications of mineralization in the drill core. The Company successfully tested the eastward and westward continuity of the Main Raney Gold Zone.

Property has excellent access and infrastructure; accessible by paved and forestry roads. 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.

Drill Program Summary: The 2023 drill program continued to expand the central Raney Gold Zone and tested the extension of the Raney Zone in the east and the west directions. Alteration associated with the gold mineralization is coincident with a distinct magnetic low signature. Notably, numerous holes including the step out holes intersected mineralization.

Assays are pending from the program and will be released once collected and analyzed. 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.

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.

Rockridge owns a 100% interest in the Raney Gold Project.