Toronto, Ontario (September 14, 2023) – Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) reports new drilling results from its ongoing exploration program. The new results validate that drilling around the boundaries of the 2019 resource in the Jubilee can extend the high-grade core of the Jubilee Shear Zone and continue to expand the footprints of mineralization in the gold zones overlying the Jubilee Shear (hanging wall). 

• High grade gold in the Jubilee Shear (Figures 1 and 2)
  • Confirmation that significant mineralization exists in the Jubilee Shear which are currently excluded from the 2019 resource.
    • 10.92 g/t gold over 28.05 metres at the intersection of the Minto B/Jubilee Shears that includes 209.1 g/t gold over 1.00 metres, 49.9 g/t gold over 1.00 metres and 28.0 g/t gold over 1.00 metres in SD-23-442 (Figure 2).
• Extension of mineralization in the Minto B Shear above the Jubilee Shear
  • 6.44 g/t gold over 2.17 metres within a larger mineralization halo containing 2.08 g/t gold over 7.43 metres in SD-23-444
  • 3.52 g/t gold over 1.61 metre within a larger mineralization halo containing 0.49 g/t gold over 19.91 metres in SD-23-443

Quentin Yarie, President and CEO of Red Pine Exploration commented:

“Our strategy to encompass the upper portions of the existing resources (Surluga & Minto) into our planned future open pit/underground model continues to be validated through our ongoing drill program.  We are on track to complete this drill program and release a new resource in Q2/Q3 of 2024. To date this year, we have logged over 22,000 metres of core (over 8,000 boxes of core; ~400,000 lbs), and ~17,000 metres of core cut and sent to Act Labs for assay.”

Table 1– Highlights from drilling in the Wawa Gold Corridor (Figure 1)

Assay results presented over core length. True width for the intersections varies between 50% to 95% depending on the intersected geological structure.

Quality Assurance/Quality Control (“QA/QC”) Measures

Drill core samples were transported in security sealed bags for analyses to Actlabs in Ancaster, Ontario. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags and shipped. The residual coarse reject portions of the samples remain in storage if further work or verification is needed.

Red Pine has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates.

Qualified Person

Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the news release’s technical information.