Mr. Michael Michaud reports

RED PINE CONFIRMS INDEPENDENT SAMPLING AND ASSAYING VALIDATING CORRECTED ASSAY DATABASE FOR UPDATED RESOURCE ESTIMATION

Red Pine Exploration Inc. has released the results of the expanded independent verification sampling and assaying of drill core performed by WSP Canada Inc. as part of the continuing resource estimation for the Wawa gold project, Ontario.

Michael Michaud, president and chief executive officer of Red Pine, commented: "I am pleased to see that the independent verification sampling completed by WSP is in good agreement with the corrected database assay values ensuring that we have a project database that is accurate to support the upcoming resource estimate.

"The independent verification sampling of core was the final stage of assay verification, and we now have full confidence in the database and the resource estimation, which remains on schedule to be completed in August.

"In addition, the independent verification sampling also reconfirmed the presence of significant gold mineralization on the Wawa gold project and we continue to see the untested exploration potential of the property."

Independent verification sampling methodology

Independent sample verification of the drill core was completed between May 21 and May 23, 2024, by Brian Thomas, PGeo, of WSP Canada Inc. (WSP), a qualified person as defined by National Instrument 43-101. The verification sampling and assaying included core that was drilled since 2014 to present and included historic drill core collected by previous operators.

The sample verification program considered 50 samples from Red Pine drilling intersections from 2014 to 2024. Each verification sample consisted of either individual or composited samples selected from intersections distributed in 21 drill holes. A total of 33 verification samples covered the main zone of the Jubilee shear, one sample covered the lower segments of the Jubilee shear, four covered the Minto B shear zone and 12 covered the Minto mine shear. The verification samples consisted of quartered NQ-sized drill core for the drill holes completed between December, 2014, and April, 2015, and quartered HQ-sized drill core for the holes completed after May, 2015.

The verification sampling of historical core (drilled prior to 2014 by previous operators) considered 15 composite samples all covering the main segment of the Jubilee shear and distributed in 11 underground historical drill holes and one historical surface drill hole. Each sample of historical drill core consisted of a composite sample taken from the entire box of mechanically split A-sized to B-sized drill core. All the remaining half core that was present in each box was included in the samples. The drill holes and the intersections for the historical samples were selected based on the ability to establish precise boundaries for the previously sampled intervals, the composite grade of the intersections contained in the boxes and their location.

The verification samples were transported in sealed rice bags by WSP from the Wawa gold project to ALS Canada Ltd. in Sudbury. Sample preparation was done at ALS Sudbury and gold analyses were done at ALS Vancouver. Quartered HQ and NQ drill cores were crushed, and 250-gram (g) fractions were pulverized to 85 per cent passing 75 micrometres. Historical drill cores, because of the larger sample volume, were crushed and then a 1,000 g fraction was pulverized to 85 per cent passing 75 microns. Gold was analyzed for most of the verification samples by 50 g fire assaying with a gravimetric finish, with some larger, higher-grade samples analyzed by one-kilogram (kg) screen metallic assay methods. Metallic screening considered one kg pulp screened to 100 microns, duplicate 50 g fire assay on screen undersize and complete assaying of the oversize fraction. Blanks and certified reference materials were included in the analyses of the verification samples.

Although there exists higher variability on an individual sample comparison as is typical of most gold deposits, the sampling completed by WSP on the company's drill holes and the historical drilling which occurred prior to Red Pine acquiring the property, are in good agreement with the assay values in Red Pine's corrected assay database. Based on the combined historical and Red Pine verified samples, the assay results from the verification sampling are on average within 13 per cent of the original assay value.

The complete results of the verification sampling are presented at Appendix 1 and Appendix 2. The full reporting of the verification assays will be included in the company's updated National Instrument 43-101 technical report.

Qualified person

Jean-Francois Montreuil, PGeo, and vice-president, exploration, of Red Pine and the qualified person, as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

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 markets 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 7,000 hectares in size. Red Pine is building a strong position as a major mineral exploration and development player in the Michipicoten region.

We seek Safe Harbor.