Ridgeline Minera - RDGMF STOCK NEWS

Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) has entered into an earn-in agreement with a subsidiary of South32 for its Selena carbonate replacement deposit (CRD) project in Nevada. South32 can acquire up to 80% interest in the project by funding up to $20 million in exploration expenditures over two phases. The initial phase allows South32 to earn a 60% interest by spending $10 million over five years, with a $2 million guaranteed spend. Ridgeline will remain the operator during this phase. The agreement includes a potential debt facility for Ridgeline to fund its share of future mine development costs. The first year's work program includes a ground magnetotelluric survey and drilling a production water well.

Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) has received approval for its Exploration Plan of Operations (PoO) permit at the Selena CRD project in Nevada. The permit allows for up to 200 acres of surface disturbance, including exploration drill roads and pads. Key highlights include:

- Phase 1 disturbance covers 34.0 acres
- Systematic testing of the mineralized CRD corridor
- High-priority targets: Skarn and Chinchilla Sulfide
- Annual work plan revisions allowed
- Additional disturbance beyond Phase 1 requires further surveys and bonding

The approval is a significant milestone, enabling Ridgeline to plan the next phase of exploration at Selena, focusing on depth and strike towards Freeport-McMoRan's adjacent Butte Valley Porphyry project.

Ridgeline Minerals (TSXV: RDG, OTCQB: RDGMF, FSE: 0GC0) has secured an exclusive water rights permit for its Selena CRD project in Nevada. The permit, granted by the Nevada Division of Water Resources, allows Ridgeline to utilize up to 150 acre-feet of groundwater annually. This development supports future exploration activities under the company's pending Plan of Operations exploration permit. CEO Chad Peters emphasized that the permit will ensure year-round access to drill water and reduce water procurement costs, currently accounting for 5% of the total drill budget. Selena, located in White Pine County, NV, spans 39 square kms and includes the Chinchilla discovery. The project adjoins the Butte Valley project, which has a US $33M earn-in agreement with Freeport-McMoRan. The news has been validated by Michael T. Harp, the company's VP of Exploration.

Ridgeline Minerals announced promising high-grade results from rock chip sampling at its Big Blue project in Nevada. Highlights include up to 9.6 g/t gold and 0.4% copper. The project, situated west of the historically productive Delker Mine, is preparing for an IP geophysics survey in summer 2024 to pinpoint future drill targets. The company holds an active NOI exploration permit for up to 38 drill sites. The new porphyry target revealed significant molybdenum values, hinting at a potential system vector towards the west. Future drill targeting will benefit from the upcoming IP survey.

Ridgeline Minerals has announced a comprehensive 2024 exploration update for its five projects in Nevada. The company anticipates a total exploration spend of up to $5.5 million, with Nevada Gold Mines funding $5 million for the Swift and Black Ridge projects. Swift will see 3-5 core holes drilled, and Black Ridge will undergo field mapping and geochemical surveys.

Ridgeline will conduct a 3D IP survey at its Big Blue project and is finalizing permits for advanced exploration at its Selena project. This year marks Ridgeline's largest exploration budget to date, driven by partner funding. The Selena project is in the final permitting stages, with approval expected in early Q3 2024, allowing significant exploration advancements.

Key highlights include a proposed $5 million budget for Swift, $200,000 for Black Ridge, and the commencement of the Big Blue survey in early Q2 2024. The Selena project will facilitate up to 200 acres of total surface disturbance for exploratory activities.

Ridgeline Minerals Corp. announces the sale of the Robber Gulch oxide gold project to Scout Discoveries Corp. The transaction was completed for US$150,000, with Scout acquiring 100% of Ridgeline's interest. The project consists of 117 lode mining claims in Idaho with early-stage Carlin-Type gold exploration potential.

Ridgeline Minerals Corp. announces results of expanded high-resolution drone magnetics geophysical survey at Selena CRD Project in Nevada, revealing new porphyry anomaly and potential mineralization sources. The survey enhances the structural resolution and extends high-priority targets, indicating significant discovery potential.

Ridgeline Minerals Corp. announces an Agreement with Scout Discoveries Corp. to acquire 100% interest in the Robber Gulch gold project for US$150,000. The Project consists of 117 mining claims in Idaho with Carlin-Type gold potential. Ridgeline will receive cash and securities in the Transaction, recouping 2023 holding costs while retaining future upside.

Ridgeline Minerals Corp. provides an update on 2024 exploration programs for the Swift and Black Ridge projects operated under separate earn-in agreements with Nevada Gold Mines. A total of US $7.5 million has been spent across both projects through December 31, 2023, with an additional US $5.2 million to be spent in 2024. The Company's President, CEO & Director, Chad Peters, expressed satisfaction with the progress and significant exploration dollars going into the ground in 2024. NGM's 2024 exploration budget includes up to US $5.0 million for the Swift project and up to US $200,000 for the Black Ridge project. The Swift project will focus on framework drilling, while the Black Ridge project will support a maiden drill program in 2025. NGM has incurred qualifying work expenditures on both projects, with specific details on the drilling plans and priority targets provided for the Swift project. The earn-in terms for both projects were also outlined, providing insights into NGM's right to earn an initial 60% interest in each project by incurring minimum qualifying work expenditures.