Ridgeline summarizes drilling at Nevada projects

Executive Summary

• Ridgeline Minerals reports ongoing drill programs at its three Nevada partner projects (Swift, Black Ridge, Selena) with a combined partner‑financed 2025 exploration budget of US$9.5 million—the largest in company history.
• No assay results have been released yet; samples are pending through Q4 2025 and into Q1 2026.
• The press release details each project's drill scope, incurred qualifying work expenditures to date, and remaining earn‑in obligations under the agreements with Nevada Gold Mines (NGM) and South32.

Key Details

• Overall Budget: US$9.5 million partner‑financed exploration budget for 2025 across Swift, Black Ridge, and Selena projects.
• Selena Project (South32 earn‑in – up to US$20 M):
• Current drill budget: US$3.45 million for up to three deep core holes (4,500 m total) targeting MT anomaly at the Chinchilla sulphide CRD target.
• South32 has spent US$573,758 in qualifying work through 30 Jun 2025; must reach a minimum of US$10 M by 21 Aug 2029 to earn an initial 60 % interest.
• Swift Project (NGM earn‑in – up to US$30 M):
• First of up to five holes underway, testing along strike of historic high‑grade intercepts (e.g., 1.1 m @ 10.4 g/t Au in hole SW24‑006).
• NGM has incurred US$10,869,000 in qualifying work through 30 Jun 2025; must spend a minimum of US$20 M by 31 Dec 2026 for an initial 60 % interest.
• Black Ridge Project (NGM earn‑in – up to US$10 M):
• One deep core hole completed in Aug 2025, targeting lower‑plate host rock of the north Carlin trend; assay results expected Q4 2025.
• NGM has incurred US$586,904 in qualifying work through 30 Jun 2025; must spend a minimum of US$4.5 M by 14 Jul 2028 for an initial 60 % interest.
• Assay Status: All samples from the three projects are pending assay; results anticipated throughout Q4 2025 and into Q1 2026.
• QA/QC Procedures:
• Selena samples processed at American Assay Laboratories (AAL) with independent check samples sent to Paragon Geochemical Labs (PAL).
• Swift and Black Ridge samples processed at ALS Minerals; both programs employ standard fire‑assay, ICP‑MS methods, CRM standards, duplicates, and blanks.
• Qualified Person: Michael T. Harp, CPG, Vice‑President Exploration, reviewed all technical information per NI 43‑101.

Notable Quotes

“Drilling is progressing smoothly across our three partner projects… We expect drilling to continue at Swift and Selena through the end of 2025 with steady news flow and assay results throughout the end of the year.” – Chad Peters, President, CEO & Director, Ridgeline Minerals Corp.