Commencement Of Drill Program At The Swift Gold Project

VANCOUVER - Ridgeline Minerals Corp. reported that Nevada Gold Mines LLC (NGM) has mobilized a drill rig to the Swift Gold Project located in the Cortez District of the Battle Mountain - Eureka mine trend. Ridgeline entered into an exploration earn-in agreement with NGM where NGM can incur a minimum of US$ 20 million (of which US$ 5 million has been spent to-date) in qualifying work expenditures over an initial five-year term to earn an initial 60% interest in Swift, and will have further options to increase its interest to a total 75% interest.

Drill hole SW23-005 will target the intersection of proposed low-angle structures and favourable lower plate carbonate host rocks of the Wenban and Roberts Mountains Formations. It will provide key litho-structural information between historical drill intercepts in hole MCK-99-5A (18.3 meters ("m") grading 0.64 grams per tonne (g/t) gold (Au)) and 2022 NGM drill intercepts in SW22-002 (41.9 m grading 0.26 g/t Au) and SW22-003 (48.8 m grading 0.45 g/t Au). Drill hole SW22-004 will be extended from a starting depth of 1,104 m where the hole was previously halted by NGM due to severe winter weather conditions. Drilling returned up to 3.0 m grading 2.27 g/t Au in Upper Plate rocks prior to intersecting Lower Plate host rocks at 1,065 m. The hole will be extended through prospective host rocks to an anticipated depth of 1,500+ meters.

Chad Peters, President, CEO & Director, said, "To date, we are very encouraged by the exploration results at Swift with early results highlighting the potential to discover a large Carlin-Type gold system. The Nevada Gold Mines team has done an exceptional job generating a property-wide geologic model and SW23-005 will target a highly prospective structural corridor bounded by mineralized gold intercepts on both sides. We look forward to updating our shareholders as results are received."