Successful Surface Sampling Program Identifies New Mineralized Zones

TORONTO - Red Pine Exploration Inc. reported results from its 2021 surface exploration program, including the identification of promising new zones of gold mineralization in shear zones located on and adjacent to the Company’s newly acquired War Eagle claims. In parallel to its diamond drilling program, initial highlights recently released and the identification of new zones of high-grade mineralization, Red Pine commenced a prospecting, channel sampling and surface mapping program. This surface mapping program was conducted on and within the surroundings of the War Eagle claims, which are a prominent part of the Company’s strategy to strengthen the Wawa Gold land package.

Highlights of the 2020 and 2021 surface exploration program: Identification of promising zones of gold mineralization in shear zones located on and adjacent to the newly acquired War Eagle claims, with the first set of grab samples containing between traces and 9.40 g/t gold. Assay results from additional grab samples and channel samples in the area remain pending; Discovery of a network of parallel quartz veins 290 meters north of the historic Darwin-Grace Mine. Grab samples from 2020 contain 67.90 g/t gold in one vein and grab samples obtained in 2021 contain 19.8 g/t gold in a parallel vein; Identification of the Nyman Vein 120 meters east of the main showing with grab samples containing up to 4.10 g/t gold; Identification of a new gold showing located near the historic Moody Pit, 900 meters north-east of the Darwin-Grace Mine, with grab samples from 2020 and 2021 containing between 4.03 and 11.50 g/t gold; Identification of the southern extension of the Grace Shear Zone where assay results remain pending; and Channel sampling on near the War Eagle showing of 1.84 g/t gold over 4.70 meters, including 4.64 g/t gold over 1.00 meter and 2.43 g/t gold over 3.00 meters including 4.74 g/t gold over 1.00 meter.

“The Wawa Gold Project’s large land package continues to exhibit prolific occurrences of gold mineralization. Our 2021 exploration program includes efforts to expand our knowledge and prioritize these targets for future diamond drilling. As we continue to delineate both the Surluga and Minto Mine South deposits, we are confident that these greenfield targets located in the underexplored areas of the property will add value to the project and to our shareholders,” said Quentin Yarie, President and CEO.