Mr. Quentin Yarie reports

RED PINE REPORTS ITS BEST INTERSECTION IN THE HANGING WALL OF THE JUBILEE SHEAR ZONE: 5.13 G/T GOLD OVER 37.47M, INCLUDING 25.20 G/T GOLD OVER 3.41M

Red Pine Exploration Inc. has released results from its continuing exploration program. Hole SD-22-396 intersected significant mineralization in the Surluga North vein network above the Jubilee shear zone (hangingwall) of the current resources of the Wawa gold project. All reported drill widths are core lengths unless otherwise stated.

Highlights:

• High-grade mineralization in the Surluga North vein network extended laterally to the north by 115 metres:
  • Gold mineralization is associated with a network of multidirectional quartz-tourmaline veins;
  • The vein network is in the hangingwall of the Jubilee shear zone and was intersected at 165-metre vertical depth;
  • Contains 5.13 grams per tonne gold over 37.47 metres, including 25.20 grams per tonne gold over 3.41 metres in SD-22-396 (see attached table);
  • Other intersections of significance in the Surluga North vein network that have previously been released include:
    • 8.46 grams per tonne gold over 6.42 metres in SD-22-321 (see news release of March 30, 2022), located approximately 200 metres southwest of SD-22-396;
    • 11.19 grams per tonne gold over 2.61 metres in SD-22-326 (see news release of April 19, 2022), located approximately 200 west-southwest of SD-22-396;
  • Possibility that Surluga North vein network is related to a comparable quartz-tourmaline vein network intersected 610 metres north in 2016 in SD-16-43.

Quentin Yarie, president and chief executive officer of Red Pine Exploration, commented: "These results from the Surluga North vein network demonstrate that significant mineralization exists in the hangingwall of the Jubilee shear zone and validates the potential for a hybrid pit and underground project. The hangingwall of the Jubilee shear zone remains unexplored to the north of the intersection in SD-22-396, leaving the Surluga North vein network open for further extension toward the intersection of a comparable network of quartz-tourmaline veins 610 metres north in SD-16-43."

Quality assurance/quality control measures

Drill core samples were transported in security-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 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 grade 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 and the qualified person, as defined by National Instrument 43-101, has reviewed and approved the news release's technical information.

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 the company's 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 company's shares trade on the TSX Venture Exchange under the symbol RPX and on the OTCQB market 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 chief executive officer Quentin Yarie, 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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