Pacific Ridge Upsizes Previously Announced Non-Brokered Private Placement to C$8.2 Million

Executive Summary

• Pacific Ridge Exploration Ltd. is increasing the size of its non-brokered private placement due to increased investor interest, raising total gross proceeds to up to C$8,289,000.
• The offering is structured across three distinct security types: Hard Dollar Units, Charity Flow-Through Shares, and Flow-Through Units, with specific pricing and maximum quantities defined for each.
• The transaction is expected to close in late June 2026, contingent upon receiving TSX Venture Exchange and other necessary regulatory approvals.

Key Details

• Total Gross Proceeds: Upsized to up to C$8,289,000.
• Hard Dollar Units (HD Unit): Up to 10,420,000 units at C$0.20 per unit, representing an increase of up to C$1,084,000 in this portion, for gross proceeds of up to C$2,084,000.
• Charity Flow-Through Shares (CFT Share): Up to 12,500,000 shares at C$0.294 per share for gross proceeds of up to C$3,675,000.
• Flow-Through Units (FT Unit): Up to 11,000,000 units at $0.23 per unit for gross proceeds of up to C$2,530,000.
• Offering Structure: Non-brokered private placement.
• Finder's Fees: The Company may pay finder's fees in cash and/or via the issuance of warrants, subject to TSXV approval.
• Closing Timeline: Expected to close in late June 2026.
• Conditions Precedent: Subject to TSX Venture Exchange approval and other necessary regulatory approvals.
• Use of Proceeds: Not explicitly disclosed in this release.