Mr. Quentin Yarie reports

RED PINE INTERSECTS 68.71G/T GOLD OVER 4.72M INCLUDING 231.5 G/T GOLD OVER 1.06M IN EXTENSION OF THE MINTO MINE SOUTH DEPOSIT. VISIBLE GOLD INTERSECTED SOUTH OF THE PARKHILL FAULT.

Red Pine Exploration Inc. has released new results from its 2022 phase 1 exploration program. Red Pine drilling has intersected high-grade gold mineralization in the Minto mine shear zone. The company has confirmed gold mineralization in the extension of the Jubilee shear, south of the Parkhill fault, adding over 2.5 kilometres in strike length of known continuous gold mineralization to the Wawa gold corridor.

"We know that the historic, high-grade mines -- Minto, Parkhill and Darwin-Grace -- have produced spectacular gold intersections throughout their operational history, and it is understandable that we are now intersecting similar high grade as we work to expand our resources into these areas. Red Pine is making excellent progress as we expand the footprint of our current resource," commented Quentin Yarie, president and chief executive officer of Red Pine Exploration.

High-grade gold in the Minto mine deposit

As part of its continuing drilling at the Surluga South exploration target, Red Pine is testing strategic gaps in the resource of the Minto mine deposit. In hole SD-22-373, located within an approximately 25-metre-wide gap in the current resource of the Minto deposit, the company discovered additional high-grade gold mineralization in the Minto mine shear zone. The results from SD-22-373, combined with those of SD-21-298A (announced Sept. 2, 2021), indicate that the Minto mine deposit has the potential to host zones of high-grade gold mineralization.

"As we continue to focus on the expansion of the Surluga and Minto mine south resources, a third drill has been conducting further regional exploration of the property, particularly south of the Parkhill fault. We have successfully demonstrated that a large, orogenic gold system exists at the Wawa gold project, now extending over a greater-than-six-kilometre strike length. Gold mineralization exists across multiple structures south of the Parkhill fault, and we will now utilize what we have learned from the Surluga resource to identify zones of material gold grades and thicknesses. As an example, visible gold has been intersected in the Jubilee shear, south of the Parkhill fault, in hole JS-22-368, proving our teams understanding of this large gold system (assays pending)," commented Mr. Yarie.

Further exploration results

Red Pine's drilling confirmed the presence of gold mineralization in some of the deformation domains that are forming the Jubilee shear zone to the south of the Parkhill fault, thereby opening this underexplored segment of the structure for additional exploration (see an attached table).

Darwin-Grace-Nyman gold system -- confirmation of mineralization in the Grace shear zone 300 metres south of the vertical shaft of the Darwin-Grace mine

In the Darwin-Grace area, hole DG-22-349 extends gold mineralization in the Grace shear zone 300 m southeast of the vertical shaft of the Darwin-Grace mine (see an attached table). Being the southernmost drill hole ever completed in the Grace shear zone, DG-22-349 shows that mineralization in the Grace shear system remains open to the south. Red Pine's 2022 phase 1 exploration program has confirmed the presence of gold mineralization along the Grace shear zone over a total strike length of 650 metres (announced March 16, 2022).

Surluga North vein network

Holes SD-22-352 and SD-22-330 extended the footprints of the Surluga North vein network (see an attached table). The intersection in SD-22-352 is located 120 metres east of the intersection of the Surluga North vein network in SD-22-326 (refer to press release dated April 19, 2022).

Jubilee shear zone

Drilling in the Surluga South and Surluga North zones in the Jubilee shear zone demonstrates that the structure and gold mineralization are persisting at depth (see an attached table).

Quality assurance/quality control measures

Drill core samples were transported in sealed bags for analyses at Actlabs in Ancaster, Ont. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags and then 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 assurance/quality control program to comply with best practices in the sampling and analysis of drill core. As part of its quality assurance/quality control 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, PGeo, chief executive officer of Red Pine, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information in this news release.

COVID-19 precautions

Red Pine has developed and implemented compliant precautions and procedures according to guidelines for the province of Ontario. Protocols were put in place to ensure the safety of employees and contractors, thereby reducing the potential for community contact and spreading of the virus.

About Red Pine Exploration Inc.

Red Pine Exploration is a gold exploration company headquartered in Toronto, Ont., Canada.

The Wawa gold project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the past five years. Its land package hosts numerous historical gold mines and is over 6,900 hectares in size. The company's chairman of the board is Paul Martin, the former chief executive officer of Detour Gold. The board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold and Paramount Gold Nevada Corp. Led by Quentin Yarie, chief executive officer, 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.

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