Mr. Quentin Yarie reports

RED PINE SHARES GEOPHYSICAL INTERPRETATION OF THE INTRUSIVE RELATED GOLD SYSTEM

Red Pine Exploration Inc. has reinterpreted a transient magnetotelluric (MT) survey that was conducted for Red Pine in May, 2017, on the Surluga project. The survey collected 137 stations, with a station and line spacing of 300 metres.

In 2017, a three-dimensional inversion of the phase-tensor, tipper and horizontal magnetic transfer function was performed and, recently, the results have been further refined and interpreted. The 3-D inversion clearly shows that the Jubilee stock is a large intrusive complex that is now known to host an intrusion-related gold system. This interpretation is supported by inversions of not only the MT survey, but airborne time domain electromagnetics (EM) (VTEM), airborne magnetics (Hogg), drilling results, geochemistry and surface mapping. Historical work from the OG indicate that the Jubilee stock is a shallow-level subvolcanic intrusion (Ontario Geological Survey open file report 5586), a critical ingredient for the formation of intrusion-related gold mineralization.

Highlights -- geophysics interpretation:

• Large intrusive complex mapped -- more than seven kilometres strike by more than five km and run over three km deep.
• Demagnetization zones identified along structural corridors like the Jubilee shear.
• Multiple areas of interest identified with significant discovery potential.
• Provides direction for current drill program in identifying the intrusion-related gold system (IRGS).
• Illustrates the extension of the Jubilee and Hornblende shear to depths greater than 1.5 km

The correlation of the magnetic 3-D inversion adds significant credence to the revised interpretation. The magnetic low wraps around the interpreted intrusive complex.

The hole within the IRGS is a result of the late fluid movement associated with the alteration system resulting in the Surluga and Minto resources, respectively. Both the interpreted Surluga and Hornblende shear zones clearly overprint with the intrusive complex.

The geophysical interpretation: the presence of deep-rooted resistivity anomalies (more than 3,000 metres) that extend to shallow depth (less than 200 m), and which in some cases coincide with local shear and fault structures, provides evidence of a large intrusive system with well-developed pathways for fluid flow, a critical ingredient for mineral deposition.

Qualified person

Quentin Yarie, PGeo, chief executive officer of Red Pine, the qualified person as defined by National Instrument 43-101, has reviewed and approved the news release's technical information.

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 last five years. Its land package hosts numerous historic gold mines and is over 6,900 hectares in size. Led by Mr. 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.

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