RIDGELINE MINERALS CORP - RDGMF STOCK NEWS

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.

Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) is pleased to announce the remaining results from the Company's five (5) hole, 2,034 meter drill program at the Selena project, Nevada. Results from the Upper Chinchilla zone returned broad intercepts of silver, lead, zinc, and gold with individual assays grading up to 795 grams per tonne Ag, 25% Pb, 2% Zn, 0.3 g/t Au, further supporting the high-grade tenor of the original Chinchilla zone discovery. The confirmation of stacked mineralized horizons beneath the high-grade Chinchilla Oxide zone is a significant development for the project, potentially increasing the tonnage potential across all target areas. The lateral metal zonation observed across the Chinchilla Oxide zone continues to support the interpretation that the project is within the outer oxide rind of a potentially much larger CRD system that is zoning back towards the Butte Valley copper porphyry. The Chinchilla Sulfide target, located down-dip of the oxide zone, exhibits the potential scale and proximity to the porphyry source to host a major sulfide discovery within the greater CRD footprint already defined at Selena.

Ridgeline Minerals Corp. (RDG) has announced the completion of its 2023 diamond core drill program at its Selena silver-lead-zinc-gold carbonate replacement exploration project in Nevada. The program targeted shallow-oxide CRD mineralization in the Upper Chinchilla Zone and tested for stacked mineralization at depth. Drill samples have been submitted for analysis, and assay results are expected in December 2023. Previous drill results have shown high-grade mineralization, and the company looks forward to updating shareholders as assays are received.

Ridgeline Minerals Corp. announces results from the first two core holes of its drill program at the Selena project in Nevada.