Wenban Formation Intersected At The Swift Project

VANCOUVER - Ridgeline Minerals Corp. reported results from its Phase I drill program at the Swift project in Lander County, Nevada. The program was comprised of three, wide-spaced diamond drill core holes totaling 2,413 meters (m). Drill holes SW20-001 and SW2-002 successfully confirmed Ridgeline's re-interpreted geologic model and intersected several intervals of Carlin-Type mineralization and anomalous alteration with individual assays of up to 0.55 g/t gold (Au), 860 g/t silver (Ag) and 392 ppm Arsenic (As). Phase I results further support the Company's belief that Swift exhibits the potential to host a Carlin-Type gold discovery and is significantly underexplored; with only five deep drill holes having tested Lower Plate target rocks across the 50 square kilometer project area. Data from the Phase I program will aid in vectoring towards higher grade gold targets in Ridgeline's 2021 Phase II drill program.

Phase I Highlights: SW20-002 intersected several intervals of anomalous Carlin-Type alteration and narrow intervals of elevated gold-silver mineralization including: 0.2 m grading 0.22 g/t Au and 860 g/t Ag starting at 872.5 m; 1.5 m grading 0.05 g/t Au and 19.2 g/t Ag starting at 908.8 m; and 0.9 m grading 0.55 g/t Au and 6.6 g/t Ag starting at 926.5 m.

Significance - Narrow yet highest grade intercept drilled to-date (0.2m grading 0.22 g/t Au,860 g/t Ag) highlights discovery potential with additional targets to be drill-tested in Phase II program, 2021 - SW20-001 & SW2-002 intersected Lower Plate carbonate host rocks interpreted as the Wenban and Roberts Mountains formation starting at 425 m vertical depth; and Hole SW20-003 exhibited encouraging trace element geochemistry in the Upper Plate but did not reach its intended Lower Plate target due to challenging drilling conditions along the DDF fault zone.

Significance - The Wenban formation had not previously been intersected with historic drilling at Swift and is considered the primary gold host - SW20-001 & SW2-002 drilled the intrusive center of a large hydrothermal system evidenced by: Widespread high-temperature skarn alteration of Lower Plate carbonate host rocks was observed adjacent to numerous multi-phase intrusive dikes and sills; and Fossil debris flow beds that were not skarn altered typically exhibited weak to moderate decalcification textures

Significance - Many of the largest Carlin-Type gold deposits in Nevada are spatially associated with the margins of buried intrusives. Notable examples include the Nevada Gold Mines, (a joint venture between Barrick Gold and Newmont Mining Corp.) owned Goldstrike, Pipeline, Cortez Hills and Goldrush deposits.

Mike Harp, Vice President, Exploration, said, "We learned a lot from the Phase I drill program. This was the first drilling conducted at Swift in over 20 years and the intersection of the Wenban formation is a critical development for our geologic model. Phase I demonstrated that Swift has the right host lithologies and these rocks are altered and mineralized adjacent to a large buried intrusive, which we interpret as the potential heat and fluid source for the Carlin-Type gold system on the property. We will use this data to vector towards projected higher-grade gold mineralization in our Phase II drilling at the Goat Anticline and Mill Creek targets in 2021."