Red Pine Successfully Expands Gold Mineralization and Discovers Parallel Shoot at Depth

Red Pine Exploration Inc. is pleased to announce the results of three (3) holes for 2,793.0 metres of drilling completed as part of its fully funded 25,000 metres (“m”) drill program at its Wawa Gold Project.

Michael Michaud, President and CEO of Red Pine commented: “We are excited that our deep drilling of the Jubilee Shear has intersected what is interpreted to be a new zone of higher-grade mineralization parallel to the known high-grade shoots existing closer to surface. The initial drilling has already intersected mineralization over 500 m along the plunge of this new shoot, returning 14.90 grams per tonne (“g/t”) of gold (“Au”) over 0.92 m approximately 220 m up plunge from previous drilling that intersected 120.90 g/t Au over 0.30 m.

The Jubilee Shear consists of an envelope of lower-grade gold mineralization that is host to shallow plunging shoots of higher-grade gold. Our theory is that the high-grade shoots are related to areas of the shear zone that bend and form shallow dipping zones with greater thickness and higher grades. The recent drilling results support this theory and are being used to vector towards the center of the higher-grade shoots, as we interpret the new results to represent the edges of one these higher-grade shoots.

We are pleased that the initial drilling has already defined gold mineralization well outside of the 2024 mineral resource estimate (“MRE”) in the faulted southern extension of the Jubilee Shear, down-plunge and now in a parallel shoot at depth. We are continuing to test this newly discovered shoot up-plunge in the area beneath the mineral resource pit shell where no previous drilling has ever been completed.”

Highlights

• Drilling results confirm extension of gold mineralization in both the Jubilee & Minto Shear considering large step out drilling of over 100 m
• Discovery of a new parallel shoot at depth in the Jubilee South area
• The drilling is part of an ongoing 25,000 m drill program, expected to be completed in Q3 2025

Jubilee Shear (Figures 1 and 2)

• Intersection of 8.41 g/t Au over 1.67 m, including 14.90 g/t Au over 0.92 m in the Jubilee Shear, approximately 100 m up-plunge off the nearest drilling intersection (see Figure 1)
• Identification of a probable roll or shallowing in the dip of the Jubilee Shear (see Figure 2)
• Significant quartz veining observed 180 m down-dip of the intersection in SD-25-532 in SD-25-533, assays pending (see Figure 4)

Minto Shear (Figure 3)

• Intersection of 4.77 g/t Au over 1.00 m approximately 370 m down-dip from the boundaries of the MRE in the Minto Deposit (Figure 4)
  • Opens a new and untested area in the Minto Mine Shear
• Shallow intersection of 2.77 g/t Au over 1.34 m down-plunge of the southernmost extension of the Minto Deposit opening the zone for additional exploration toward the historical Parkhill Mine

Discussion of Results (Table 1 and Figures 1 to 4):

• High-grade gold mineralization intersected at depth at the southern extent of the Jubilee Shear approximately 350 m down-dip of the conceptual pit bottom
  • Red Pine’s re-interpretation of the geology in the area identified a probable roll in the dip of the Jubilee Shear
  • Similar to the shallower parts of the Jubilee Shear, the roll is interpreted to control the lateral extension of high-grade gold mineralization and suggests the presence of a new ore shoot parallel to the existing shoots in the shallower parts of the Jubilee Shear
  • This opens the Jubilee Shear below the pit-constrained mineral resource for additional drill testing and possible mineral resource expansion
• Indications of significant gold mineralization in the Minto Shear more than 350 m down-dip of the MRE and that mineralization continues beyond the southernmost extension of the Minto Deposit

The MRE is described in the National Instrument 43-101 Technical Report dated September 30, 2024 (with a mineral resource effective date of August 28, 2024) entitled “National Instrument 43-101 Technical Report for the Wawa Gold Project” (the “2024 Technical Report”).

Table 1 Drilling results from the 2024-2025 drilling program

*Intercepts are calculated using a 0.40 g/t Au cut-off and a maximum of 6.0 m of internal dilution with no capping applied and are reported over core lengths. True widths are estimated to vary between 50 to 95% of the reported core length. The reported assays results represent 1,825,47 m of assayed core from the 2024-2025 drilling program.

Quality Assurance/Quality Control (“QA/QC”) Measures

Drill core samples are transported in security sealed bags for analyses to Actlabs in Ancaster, Ontario. Individual samples are labelled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice bags and shipped. NQ and HQ core assays were obtained by 50-gram fire-assaying-AA finish or by 1-kilogram screen fire assay. The 1-kilogram screen assay method is selected for samples anticipated to contain coarse gold and when the fire-assay-AA finish return results greater or equal to 2.25 g/t Au. The residual coarse reject portions of the samples remain in storage for a minimum 90-day period if further work or verification is needed.

As part of its QA/QC program, Red Pine inserts external gold standards (low- to high-grade) and blanks every 20 samples and routinely insert blanks immediately after samples with visible gold. Quarter core duplicates are routinely inserted to evaluate the natural variability of gold mineralization. Assay certificates are sent to at least three members of the senior management team, and they are directly accessible from the WebLIMS portal of Actlabs. Approximately 5% of the pulps and coarse rejects analyzed at Actlabs are sent to Bureau Veritas in Vancouver for umpire testing.

Table 2 – Drill hole location

Qualified Person

Jean-Francois Montreuil, P.Geo. 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 Inc. is a gold exploration company headquartered in Toronto, Ontario, 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. The Company’s 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.

For more information about the Company, visit www.redpineexp.com

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