Mr. Quentin Yarie reports

RED PINE DISCOVERS HIGH-GRADE GOLD MINERALIZATION EXTENSION IN JUBILEE SHEAR: INTERSECTS 10.43 G/T GOLD OVER 12.95 METRES, INCLUDING 164.71 G/T GOLD OVER 0.52 METRES

Red Pine Exploration Inc. has released new assay results from its continuing exploration program. These latest assay results from Red Pine Exploration's continuing exploration program highlight the company's continuous success in discovering significant gold mineralization located in the hanging wall of the Jubilee shear. The program continues to discover significant gold mineralization in gaps in the 2019 resource to expand the exploration potential in the hanging wall of the Jubilee shear.

Highlights include:

• Intersection of significant mineralization in a gap in the 2019 resource in the Jubilee shear:
  • 10.43 grams per tonne (g/t) gold (Au) over 12.95 metres, including 21.71 g/t gold over 0.95 metre and 164.71 g/t gold over 0.52 metre in SD-23-477.
• Testing the gaps in the 2019 resource in the Jubilee shear proved that significant mineralization remains to be discovered:
  • Other intersections of significance outside the 2019 resource in the Jubilee shear or at the intersection of the Jubilee/Minto B shears include:
    • 10.92 g/t gold over 28.05 metres, including 209.1 g/t gold over one metre in SD-23-442 (press release of Sept. 14, 2023);
    • 8.01 g/t gold over 32.95 metres, including 171 g/t gold over 1.19 metres in SD-23-451 (press release of Oct. 24, 2023);
    • 6.77 g/t gold over 5.85 metres, including 13.73 g/t gold over 2.63 metres in SD-22-412 (press release of May 11, 2023);
    • 5.07 g/t gold over 27.35 metres, including 20.14 g/t gold over 1.11 metres and 70.90 g/t gold over 1.14 metres in SD-22-414 (press release of Feb. 23, 2023);
    • 3.80 g/t gold over 36.94 metres, including 11.01 g/t gold over 5.60 metres in SD-23-456 (press release of Dec. 18, 2023);
    • 9.57 g/t gold over 10.95 metres, including 83.71 g/t gold over one metre in SD-23-457 (press release of Nov. 15, 2023);
    • 3.35 g/t gold over 6.95 metres, including 20.10 g/t gold over 1.01 metres in SD-23-472 (press release of Jan. 11, 2024).
• Continuing expansion over the footprints of gold mineralization in the Minto B shear:
  • Gold mineralization is now confirmed to be present in the Minto B shear over a strike length of 900 metres and has been systematically tested over 700 metres.

"The consistent high-grade results in both the hanging wall and footwall are very promising and provide proof to our concept of a potential shallow open-pit model. We're uncovering significant mineralization where gaps once existed in the 2019 resource. Progress is steady and consistent, with over 1,200 assays pending," said Quentin Yarie, president and chief executive officer of Red Pine Exploration.

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 and 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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