Red Pine Announces Resignation of Director

TORONTO, April 05, 2023 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSXV:
RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) announces that Mr. Nils
Engelstad, Alamos Gold Inc.’s (“Alamos”) nominee on the Company’s board of
directors (the “Board”), has resigned as a member of the Board, effective
April 4, 2023. Alamos will continue to have the right to nominate one member
to the Board provided it continues to beneficially own at least 10% of the
issued and outstanding common shares of the Company pursuant to the terms of
its Investor Rights Agreement with the Company.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in
Toronto, Ontario, Canada. The Company’s shares trade on the TSX Venture
Exchange under the symbol “RPX” and on the OTCQB Markets under the symbol
“RDEXF”.

The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a
region that has seen major investment by several producers in the last five
years. Its land package hosts numerous historic gold mines and is over 6,900
hectares in size. Led by Quentin Yarie, CEO, who has over 25 years of
experience in mineral exploration, Red Pine is strengthening its position as
a major mineral exploration and development player in the Michipicoten
region.

For more information about the Company, visit www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Carrie Howes, Director Corporate Communications, (416) 644-7375,
chowes@redpineexp.com