Mr. Quentin Yarie reports

RED PINE INTERSECTS HIGH-GRADE GOLD - DRILLS 10.92 G/T GOLD OVER 28.05 METRES INCLUDING 209.1 G/T GOLD OVER 1.00 METRE

Red Pine Exploration Inc. has released new drilling results from its continuing exploration program. The new results validate that drilling around the boundaries of the 2019 resource in the Jubilee can extend the high-grade core of the Jubilee shear zone, and continue to expand the footprints of mineralization in the gold zones overlying the Jubilee shear (hanging wall):

• High-grade gold in the Jubilee shear:
  • Confirmation that significant mineralization exists in the Jubilee shear, which is currently excluded from the 2019 resource:
    • 10.92 grams per tonne (g/t) gold (Au) over 28.05 metres at the intersection of the Minto B/Jubilee shears, that includes 209.1 g/t gold over one metre, 49.9 g/t gold over one metre and 28 g/t gold over one metre in SD-23-442.
• Extension of mineralization in the Minto B shear above the Jubilee shear:
  • 6.44 g/t gold over 2.17 metres within a larger mineralization halo containing 2.08 g/t gold over 7.43 metres in SD-23-444;
  • 3.52 g/t gold over 1.61 metres within a larger mineralization halo containing 0.49 g/t gold over 19.91 metres in SD-23-443.

Quentin Yarie, president and chief executive officer of Red Pine Exploration, commented: "Our strategy to encompass the upper portions of the existing resources (Surluga and Minto) into our planned future open-pit/underground model continues to be validated through our ongoing drill program. We are on track to complete this drill program and release a new resource in Q2/Q3 of 2024. To date this year, we have logged over 22,000 metres of core (over 8,000 boxes of core -- approximately 400,000 pounds), and approximately 17,000 metres of core cut and sent to Act Labs for assay."

Quality assurance/quality control (QA/QC) 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 QA/QC 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

Mr. 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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