American Pacific Mining Provides Drilling Update and Releases New CSAMT Data Highlighting New Vein Targets at the Tuscarora Project, Elko County, Nevada

High-grade gold in the Minto mine deposit

As part of its ongoing drilling at the Surluga South exploration target, Red Pine is testing strategic resource gaps in the Minto mine deposit. In hole SD-22-373, located in an opening approximately 25 meters wide in the current resources of the Minto deposit, we discovered additional high-grade gold mineralization in the Minto Mine shear zone. The results of SD-22-373, combined with those of SD-21-298A (announced September 2, 2021), indicate that the Minto Mine deposit has the potential to host zones of high-grade gold mineralization.

Table 1 – Minto Mine Shear Zone (see Figure 1)

Hole From (m) To (m) Length (m)* East. Actual width (m) visible gold Gold (g/t) Area
SD-22-373 147.49 148.50 1.01 Yes 17.68 Stockwork Minto
159.45 164.17 4.72 3.45 Yes 68.71 Minto Mine Shear Zone
Including
161.15 162.10 0.95 0.69 Yes 80.80
162.10 163.16 1.06 0.77 Yes 231.5

Figure 1 – South cross-section of the Minto mine.

Discovery of gold mineralization in the Jubilee Shear Zone south of the Parkhill Fault – Figure 2

“While we continue to focus on expanding the Surluga and Minto Mine South resources, a third drill rig has conducted more in-depth regional exploration of the property, particularly south of the Parkhill fault (Figure xx). We have demonstrated with success that a large gold system exists at the Wawa gold project which now extends to a strike length of >6 km. Gold mineralization exists in several structures south of the Parkhill fault and we will now use what we have learned from the Surluga resource to identify areas of material gold grades and thicknesses.As an example, visible gold was intersected in the Jubilee shear south of the Parkhill fault in hole JS-22-368 , proving to our teams the understanding of this vast gold system (analysis in progress)” – Quentin Yarie, President and CEO of Red Pine Exploration.

Figure 2 – Plan map of the Wawa Gold Corridor – Jubilee Shear Extension.

Other exploration results

Drilling from Red Pine confirmed the presence of gold mineralization in some of the deformation domains that form the Jubilee Shear Zone south of the Parkhill Fault, opening up this underexplored segment of the structure for further exploration (Table 2) .

Table 2– Jubilee Shear Zone south of the Parkhill Fault (see Figure 2)

Hole From (m) To

(m)

Length (m)* East. Actual width (m) visible gold Gold (g/t) Area
JS-22-359 233.32 234.45 1.13 3.14 Jubilee Shear System
296.78 297.63 0.85 1.16

* Assay results presented on core length are estimated to be greater than 75% of true width

Darwin Grace-Nyman gold system: Confirmation of mineralization in the Grace shear zone 300 meters south of the vertical shaft of the Darwin-Grace mine

In the Darwin-Grace area, hole DG-22-349 extends gold mineralization in the Grace shear zone 300 m southeast of the vertical shaft of the Darwin-Grace mine (Table 3). Being the southernmost drill hole ever completed in the Grace Shear Zone, DG-22-349 shows that mineralization in the Grace Shear System remains open to the south. Red Pine’s 2022 Phase 1 exploration program confirmed the presence of gold mineralization along the Grace Shear Zone over a total strike length of 650 meters (announced March 16 e 2022).

Table 3 – Expansion of gold mineralization in the Darwin-Grace mineralized system*

Hole From (m) To (m) Length (m)* visible gold Gold (g/t) Area
DG-22-334 135.51 136.60 1.09 1.22 Nyman
DG-22-336 NSR
DG-22-344A 322.34 323.66 1.32 1.25 Vein EO
DG-22-347 NSR
DG-22-349 24:41 26.09 1.68 4.53 Shear Zone Through – Top Segment
51.26 53.18 1.92 0.48 Shear Zone Through – Lower Segment
DG-22-353 82.57 83.73 1.16 1.48 Nyman shear zone
DG-22-354 90.81 92.40 1.59 0.79 Nyman shear zone

Assay results are presented along the length of core and are estimated to represent >75% true width in the Grace shear zone and Nyman shear zone.

North Surluga Vein Network

Holes SD-22-352 and SD-22-330 extended the footprints of the North Surluga vein system (Table 4). The intersection in SD-22-352 is located 120 meters east of the Surluga North Vein network intersection in SD-22-326 (refer to news release dated April 19, 2022).

Table 4 – North Surluga Vein System Above the Jubilee Shear Zone*

Hole From (m) To
(m)
Length (m)* visible gold Gold (g/t) Area
SD-22-330 246.52 247.57 1.05 4.14 North Surluga – Quartz vein network
SD-22-352 227.44 228.36 0.92 Yes 13.2
246.13 247.34 1.21 0.90

Assay results are presented along the length of core and are estimated to represent >35% true width within the Surluga North vein system.

Jubilee Shear Zone

Drilling on the Surluga South and Surluga North Zones within the Jubilee Shear Zone demonstrates that structure and gold mineralization persist at depth (Table 5).

Table 5 – Jubilee Shear Zone (see Figure 2)

Hole From (m) To
(m)
Length (m)* visible gold Gold (g/t) Area
SD-22-330 332.06 333.02 0.96 1.01 Jubilee Shear Zone – North Surluga
355.85 357.79 1.94 1.19
SD-22-331B 691.91 693.38 1.47 1.04 Jubilee Shear Zone – South Surluga
746.79 747.73 0.94 1h30
752.21 754.71 2.50 0.99
761.36 762.36 1.00 1.05
767.00 768.00 1.00 3.21
793.36 795.46 2.10 1.66
SD-22-332 271.00 274.90 3.90 Yes 0.51 Jubilee Shear Zone – North Surluga
SD-22-352 351.00 352.12 1.12 1.36

Assay results are presented along the length of core and are estimated to represent >75% true width within the Jubilee shear zone.

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

The drill core samples were transported in sealed security bags for analysis at Actlabs in Ancaster, Ontario. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed in durable rice bags and then shipped. Residual coarse reject portions of samples remain in storage should further work or verification be required.

Red Pine has a quality control program in place to comply with best practices in drill core sampling and analysis. 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.

Qualified person

Quentin Yarie, geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed and approved the technical information in the press release.

Precautions against covid-19

Red Pine has developed and implemented precautions and procedures consistent with Province of Ontario guidelines. Protocols have been put in place to ensure the safety of our employees and contractors, reducing the potential for community contact and the spread of the virus.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company’s common 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 located in Ontario’s Michipicoten greenstone belt, an area that has seen major investment from several producers over the past five years. Its land set is home to many historic gold mines and spans over 6,900 hectares. The company’s chairman of the board is Paul Martin, the former CEO of Detour Gold. The Board of Directors has extensive and diverse experience with entities such as Alamos, Barrick, Generation Mining, Detour Gold and Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has over 25 years of mineral exploration experience, Red Pine is solidifying its position as a major player in mineral exploration and development in the Michipicoten region.

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

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, [email protected]

Or

Carrie Howes, Director of Corporate Communications, (416) 644-7375, [email protected]

1 National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, report effective August 18, 2021.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains forward-looking statements. In some cases, you can identify forward-looking statements by words such as “may”, “should”, “expect”, “anticipate”, “anticipate”, “believe”, “estimate”, “predict”, “potential” or “continue” or the negative form of these terms or any other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that could cause our or our industry’s actual results, levels of activity, performance or achievements to differ materially from , levels of activity, future performance or achievement expressed. or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information contained in this press release are reasonable, undue reliance should not be placed on such information, which speaks only as of the date of this Press release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

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