Red Pine to Drill 25,000 m at Wawa Gold Project to Extend Mineralization

Red Pine Exploration Inc. announced the launch of a fully funded 25,000-m drilling program at the Wawa Gold Project, planned for 2024 and 2025.

The main goal of this drilling campaign is to expand the gold mineralization zones within the significant gold system at the Wawa Gold Project, extending beyond the 2024 Mineral Resource Estimate (MRE). Key areas of focus include:

• The down-plunge, underground potential of the Jubilee Shear, where previous drilling, though limited, has returned results of up to 14.87 grams per ton (g/t) gold over 5.20 meters (core length), 8.89 g/t gold over 3.75 meters (core length), and 120.88 g/t gold over 0.30 meters (core length) at Jubilee South.
• The untested down-dip potential beneath the reported pit shell of the Jubilee Shear (Jubilee Central).
• The northern extension of the Jubilee Shear in the Jubilee/Cooper area, where recent prospecting has produced positive results (Jubilee North and Jubilee/Cooper).
• The newly identified faulted extension of the Jubilee Shear on the southern side of the Parkhill Fault (Jubilee Ext.).

The 2024 MRE is outlined in the National Instrument 43-101 Technical Report, dated September 30, 2024, with an effective resource date of August 28, 2024. The report is titled "National Instrument 43-101 Technical Report for the Wawa Gold Project."

In each of the targeted areas, multiple mineralized zones will be tested in addition to the Jubilee Shear. This will also include regional targets identified during the 2024 prospecting program, as well as the reassessment of exploration targets across the property. The Company expects to provide preliminary results from the program by Q1 2025.

We are very excited to recommence exploration drilling at the Wawa Gold Project after delivering on several of our goals for 2024, including completing a successful field program with the discovery of a number of new targets, updating our geological model, increasing our mineral resource estimate by 150 % within a conceptual pit shell, and raising the necessary funds for this drilling program. The drilling contractor was selected as part of a competitive tender process.

Michael Michaud, President and CEO, Red Pine Exploration Inc.

Michael Michaud added, “We believe that this well-rounded and bold exploration program, designed to show a “line of sight” to future increases to the mineral resource, will mark an important step in our plan to add value to Red Pine. As the program includes a significant portion of both extension drilling of known zones and exploration in untested areas to discover new mineralized zones, it is intended to demonstrate the potential of the property to host a significantly larger open pit and underground mineral resource.”

Additionally, more limited drilling will be designed to test several new conceptual targets and more regional targets discovered during the recent surface prospecting. The results of this drilling program will dictate the next steps for the project and allow for a more formal assessment of various mining and processing scenarios.

Michael Michaud, President and CEO, Red Pine Exploration Inc.

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

Drill core samples are transported in security-sealed bags to Activation Laboratories Ltd. ("Actlabs") in Ancaster, Ontario, for preparation and analysis. Each sample is labeled, placed in plastic bags, and sealed, with batches then packed into durable rice bags for shipping.

Assays for NQ or HQ size core (previously drilled) and NQ size core (current drilling) are conducted using a 50-gram fire assay with an AA finish or by a 1-kilogram screen fire assay. The 1-kilogram screen assay method is used for samples expected to contain coarse gold, or when the fire-assay AA finish returns results of 2.25 g/t gold or higher.

As part of its updated and independently reviewed QA/QC program, Red Pine inserts external gold standards (ranging from low to high grade) and blanks every 20 samples. Blanks are also routinely inserted immediately after samples with visible gold.

Quarter core duplicates are regularly added to assess the natural variability in gold mineralization. Assay certificates are sent to at least two senior management team members and are accessible through Actlabs’ WebLIMS portal. Additionally, Red Pine has initiated third-party umpire testing for approximately 5 % of the primary samples assayed at Actlabs, with testing conducted at Bureau Veritas Canada Inc. in Vancouver, British Columbia.