Mr. Quentin Yarie reports

RED PINE DISCOVERS TWO HIGH-GRADE STRUCTURES: INTERSECTS 5.57 G/T GOLD OVER 8.51 M WEST OF THE SURLUGA DEPOSIT AND 10.18 G/T GOLD OVER 4.89 M SOUTH OF THE SADOWSKI ZONE

Red Pine Exploration Inc. has released new results from its 2022 exploration program. Red Pine continues to expand the footprint of mineralization outside of the current resource of the Surluga deposit and quantify additional gold-bearing structures on the property.

The exploration program of Red Pine continues to validate the presence of a large gold system on the Wawa gold project.

Exploration highlights include:

• Continue to expand mineralization beyond the current resource of the Surluga deposit;
• Continue to identify and quantify additional gold-bearing structures on the property;
• Wawa gold corridor west of the Jubilee shear zone:
  • SD-22-371 -- 2.69 grams per tonne gold over 4.01 metres, including 8.48 g/t Au over 1.15 m.
• Exploration confirms the presence of both high-grade mineralization and multiple gold zones in a newly identified, large, intrusion-related gold system (IRGS) west of the Jubilee shear zone:
  • The Abitibi greenstone belt contains several IRGS-related deposits (for example, the Young-Davidson and Cote gold deposits).
• Continuity of mineralization in the IGRS supported by gold intersections in five drill holes that cover 175 m in the system:
  • SD-22-376 -- 5.57 g/t gold over 8.51 m, including 8.26 g/t gold over 1.38 m and 19.39 g/t gold over 1.11 m.
• At a larger scale, mineralization associated with the IGRS west of the Jubilee shear zone can be traced over one kilometre;
• A new and near-surface network of extensional quartz veins discovered 80 m south of the Sadowski vein system in the hangingwall of the Surluga deposit -- expanding the potential for a bulk underground and/or shallow pit-constrained resource;
• Surluga south extension -- 600 m south from the resource boundary and at a depth of greater than 600 m:
  • SD-22-379A -- 10.18 g/t gold over 4.89 m, including 59.7 g/t gold over 0.69 m (core length).
• Well financed with greater than $4-million in cash on hand.

Quentin Yarie, president and chief executive officer of Red Pine Exploration, commented: "The exploration story continues to unfold with additional discoveries made outside the Surluga and Minto resources that remain open down dip and down plunge. Our drill campaigns from 2021 to 2022 continue to deliver significant intersections at the Wawa gold project. The results demonstrate the potential to increase the size of the existing resource on the project with continued exploration. Our recent discovery and confirmation of an intrusion-related, gold-bearing system west of the Jubilee shear significantly expands the potential of a large-tonnage, shallow gold deposit."

Highlights include:

• Wawa gold corridor west of the Jubilee shear zone:
  • Selected drilling intersections of significance in the mineralized system west of the Surluga deposit include:
    • SD-22-376 -- from 115.18 m to 255.99 m, three zones of mineralization containing 5.57 g/t gold over 8.51 m, 4.41 g/t gold over 1.27 m and 0.35 g/t gold over 26.43 m.
  • Indications that a sizable mineralized system with intrusion-related gold overprinted by orogenic mineralization is located west of the Jubilee shear zone;
  • Characterized by stacked zones of gold mineralization of variable width and grade, with high-grade gold intersected in two zones.
• Extensional vein systems:
  • Discovery of a new quartz vein network located 80 m south of the Sadowski vein network:
    • SD-22-379A -- 10.18 g/t gold over 4.89 m, including 59.7 g/t gold over 0.69 m (core length).
• Surluga South target:
  • Proving that gold mineralization extends at least 600 m away from the current boundary of the resource at the Surluga deposit in the Jubilee shear zone:
    • SD-22-371 -- 2.69 g/t Au over 4.01 m, including 8.48 g/t Au over 1.15 m (core length).

Quality assurance/quality control measures

Drill core samples were transported in sealed bags for analyses to 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 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 under 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 Ontario. Protocols were put in place to ensure employees' and contractors' safety, 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. 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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