Mr. Quentin Yarie reports

DRILLING PROVES CONTINUITY OF HANGING WALL GOLD MINERALIZATION -- 2.64 G/T AU OVER 25.61 METRES INCLUDING 34.64 G/T GOLD OVER 1.75 METRES IN THE SADOWSKI VEIN NETWORK

Red Pine Exploration Inc. has released new drilling results from its continuing exploration program. These new results validate the presence and continuity of gold mineralization in the Sadowski vein network.

There is confirmation of significant gold mineralization continuity in the Sadowski vein network, located above the Jubilee and Minto mine shears:

• Near-surface intersection of 2.64 grams per tonne gold over 25.61 metres in SD-23-437 that includes 34.64 g/t Au over 1.75 metres approximately 40 metres down dip of the intersection of 52.12 g/t gold over 2.29 metres in SD-22-350 (see press release dated May 16, 2022);
• Adjacent near-surface intersection contains 1.36 g/t gold over 11.02 metres, including 27.1 g/t gold over 0.50 m, in SD-23-436.

The Sadowski vein network and the presence of near-surface gold mineralization are further confirmed with diamond drilling over a strike length of 150 metres with the intersection of 4.95 g/t gold over one metre in SD-23-438.

Surface grab samples acquired in the 1990s from Van Ollie Exploration containing between 2.06 g/t Au and 13.38 g/t Au indicate the presence of mineralization associated with quartz veins up to 160 metres east of the currently drill-tested footprints of the Sadowski vein network (AFRI 41N15NE0011). This suggests a potential strike length exceeding 300 metres for the Sadowski vein network. Mineralization is now known to extend between surface and approximately 90 m vertical depth in the Sadowski vein network.

The reader is cautioned that the results are historical in nature and that the qualified person has not done enough to verify the historical results, and that grab samples are selective by nature and are not representative of the actual grade of the tested mineralization.

Quentin Yarie, president and chief executive officer of Red Pine Exploration, commented: "The latest results from the testing of the Sadowski vein network confirms the potential to add further mineralization in the hangingwall of the Minto mine and Surluga deposits. Our drilling also continues to extend the vein system to the east and illustrates the additional potential of the extensional vein networks forming significant zones of mineralization around our two deposits."

Quality assurance/quality control measures

Drill core samples were transported in security 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, the qualified person as defined by National Instrument 43-101, has reviewed and approved this 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 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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