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Red Pine Discovers Additional Significant Mineralization outside the 2019 resource in the Jubilee Shear – drills 9.57 g/t gold over 10.95 metres including 83.71 g/t gold over 1.00 metres

Press Release

Toronto, Ontario (November 15, 2023) – Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) (“Red Pine” or the “Company”) continues to report new assay results from its ongoing exploration program. The new results continue to validate the exploration potential at depth of the Jubilee Shear Zone and beyond the boundaries of the 2019 resource.

  • Intersection of significant mineralization in the Jubilee Shear outside the footprints of the 2019 resource:9.57 g/t gold over 10.95 metres including 83.71 g/t gold over 1.00 metres and 5.65 g/t gold over 1.00 metres in SD-23-457
  • Discovery of significant mineralization 400 metres down-dip of the 2019 resource and 325 metres north of the Surluga South discovery in the Jubilee Shear in SD-23-455:
    • 5.61 g/t gold over 7.85 metres including 21.6 g/t gold over 1.35 metres
  • Continued expansion at the footprint(s) of mineralization at the Jubilee/Minto B intersection in SD-23-449 (Figures 1 and 2):
    • 1.71 g/t gold over 38.97 m including 2.55 g/t gold over 15.85 metres at the intersection of the Minto B/Jubilee Shears

Quentin Yarie, President and CEO of Red Pine Exploration commented: “We continue to see excellent results from our ongoing exploration program. We once again have shown that gold mineralization continues to depth >680 metres down hole (5.61g/t over 7.85 metres) well below our exiting resources. We are continuing to prove that high-grade mineralization extends along the contact of the Jubilee shear and the Minto B Structure, while also defining new zones within the hanging wall and footwall of the existing Surluga deposit.  With two drills turning, we remain on schedule to issue our revised resource in Q3 of 2024.”

Table 1– Highlights from drilling in the Wawa Gold Corridor (Figure 1)

Hole From (m) To Length (m)* Visible Gold Gold (g/t) Zone
(m)
SD-23-449 334.76 373.73 38.97 1.71 Jubilee/Minto B
Including
354.73 355.81 1.08 6.67
363.21 364.29 1.08 8.14
369.53 370.58 1.05 6.44
SD-23-455 642.81 644 1.19 2.26 Jubilee Shear
679.62 687.47 7.85 5.61
Including
682.41 683.76 1.35 21.4
SD-23-457 28.85 38.74 9.89 0.50 Minto B Shear
163.93 164.95 1.02 1.22
235.15 246.1 10.95 VG 9.57 Jubilee Shear
Including
239.82 240.82 1.00 VG 83.71
244.1 255.1 1.00 5.65

Assay results presented over core length. True width for the intersections varies between 70 to 95% depending on the intersected geological structure.

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

Drill core samples were transported in security sealed bags for analyses to Actlabs in Ancaster, Ontario. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags and shipped. The residual coarse reject portions of the samples remain in storage if further work or verification is needed.

Red Pine has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates.

Figure 2 – Section of the Significant Mineralization 400 metres down dip of the 2019 Surluga Deposit.

Qualified Person

Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the news release’s technical information.

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. Its land package hosts numerous historic gold mines and is over 6,900 hectares in size. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

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

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Carrie Howes, Director Corporate Communications, (416) 644-7375, chowes@redpineexp.com

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