Slide 1: Focused on copper-gold projects in British Columbia
Focused on copper-gold projects in British Columbia December 2021
Slide 2: Why Pacific Ridge?
Why Pacific Ridge? We aim to become one of B.C.’s leading copper-gold exploration companies. • Strong management team, board, and technical committee. • Attractive share structure and valuation. • Flagship Kliyul copper-gold project. • First drill hole returned 437.0 m of 0.61% copper equivalent (Cu
Slide 3: Management & board
Management & board Gerald G. (Gerry) Carlson, PhD, PEng. Executive Chairman & Director Over 40 years of international experience in managing mineral exploration and mining development companies with a focus on precious and base metal deposits, mainly in the Yukon and B.C - received the J.C. Sproule
Slide 4: Technical committee
Technical committee Borden Putnam III, MSc., PGeo. Technical Committee Chair Over 40 years of experience in the mineral industry. Mr Putnam has worked predominantly as an asset analyst and geologist and as a buy-side analyst at several U.S.-based mutual and hedge funds, including Eastbourne Capital
Slide 5: Project portfolio
Project portfolio BC projects: • Kliyul copper-gold porphyry project. • RDP copper-gold porphyry project. • Redton copper-gold porphyry project. Yukon projects: • Fyre Lake Cu-Au-Co project. • Mariposa gold project. • Eureka Dome gold project. • Gold Cap gold project. 5
Slide 6: Kliyul copper-gold project
Kliyul copper-gold project 6
Slide 7: Kliyul copper-gold project: overview
Kliyul copper-gold project: overview • Option to acquire up to a 75% interest from Centerra Gold (optioned in 2020). • Over 60 km2 in size and close to existing infrastructure – 5km from Omineca mining road and 230 kV power line. • Similar geological environment to other B.C. copper-gold porphyry de
Slide 8: Kliyul, RDP, and Redton - the Quesnel Trough
Kliyul, RDP, and Redton - the Quesnel Trough • Kliyul: Pacific Ridge’s flagship copper-gold porphyry project. • Mount Milligan: Centerra Gold. • Kemess: Centerra Gold. • Kwanika and Stardust: NorthWest Copper. • Lawyers: Benchmark Metals. 8
Slide 9: Kliyul copper-gold project: infrastructure
Kliyul copper-gold project: infrastructure 7km from Omineca road and 230 kV power line that serves Kemess - 50km north. 9
Slide 10: Kliyul regional geology
Kliyul regional geology • Intra-oceanic island arcs (Quesnellia and Stikinia Terrane) that were accreted onto ancestral North America in the Mesozoic. • Late Triassic to Early Jurassic Porphyry mineralization (~ 206 Ma), an intrusion dated at Kliyul is ~ 217 Ma. ~ 107 Mt @ 0.27% Cu, 0.54 ppm Au, 1.9
Slide 11: Kiyul property geology
Kiyul property geology Three major faults: • N-striking Dortatelle Dortatelle fault (dextral). • ENE-striking Valley fault (normal/dip-slip?) • NNW-striking Valley Kliyul creek fault (dextral, with Kliyul Main Zone sinistral and dextral splays). Kliyul creek 11
Slide 12: Kliyul project history
Kliyul project history Year Company Zone of Activity Summary of Activities Reference 1946-1947 Sturgeon Gold Mines Ginger Zone Prospecting, channel sampling White 1948 1970-1971 Kennco Kliyul Main Zone Staked KLI claims, ground magnetics (1970), silt and soil sampling, IP (1971) Stevenson 1971 1974
Slide 13: Historic drilling at Kliyul
Historic drilling at Kliyul 13
Slide 14: Significant, historic KMZ drill intercepts
Significant, historic KMZ drill intercepts • 33 drill holes (5,524 m) at Ref Hole From(m) To(m) Width(m) Cu(%) Au(g/t) CuEq(%)* AuEq(g/t)** KMZ, most targeting a near- A KL-5 10.8 68.3 57.5 0.32 0.99 0.96 1.49 surface copper-gold magnetite skarn zone. B KL-6 30.1 78.9 48.8 0.31 1.33 1.17 1.81 C KL-7
Slide 15: Kliyul copper-gold project: Drill hole KLI-21-036 results
Kliyul copper-gold project: Drill hole KLI-21-036 results From To Width Cu Au CuEq AuEq Hole (m) (m) (m) (%) (g/t) (%)* (g/t)** KLI-21-036 12.0 449.0 437.0 0.22 0.60 0.61 0.96 Includes 12.0 65.0 53.0 0.22 0.83 0.75 1.17 and 12.0 33.0 21.0 0.34 1.30 1.17 1.84 and 47.0 65.0 18.0 0.22 0.89 0.79 1.23 In
Slide 16: Kliyul copper-gold project: comparable B.C. deposits/mines
Kliyul copper-gold project: comparable B.C. deposits/mines How does hole KLI-21-036 and the highlighted historic drill intercepts compare to other porphyry deposits/mines in B.C.? Deposit/Mine Mt Cu (%) Au (g/t) CuEq* (%) AuEq** (g/t) Category MT. MILLIGAN 482 0.20 0.39 0.45 0.70 PRE-PRODUCTION RESE
Slide 17: Cross section at KMZ
Cross section at KMZ Legend Qa 2015 Drill Holes e Historic Drill Holes = Faults HE Mafic Vel C7] ~CsSFelsic Vel (4) _~©séFelsic Vcl and Lmst a Clastic Sediments = = Diorite-Monz +/- Porph 2015 Lithology aN aly/ PAciFic RIDGE exploration ltd.
Slide 18: Mineralization cross section at KMZ
Mineralization cross section at KMZ 18
Slide 19: Generalized Paragenesis
* Cu mineralization Generalized Paragenesis * Au mineralizaton GEN1 VEINS ** Banded Quartz-Magnetite veins – early, barren ** GEN2 VEINS QZ-MT-CPY ± BN veins cross-cutting MT Breccia and Diorite *Diorite may have qtz-mag xenoliths and also cut by QZ-MT veins = multiple pulses **GEN 3 VEINS Calcic: E
Slide 20: Overview of Pacific Ridge's 2021 drill program
Overview of Pacific Ridge’s 2021 drill program Chalcopyrite+pyrite mineralization in KLI-21-036 at 294.50 m • Maiden diamond drill program - 1,544 m of drilling in three holes. • All of the holes encountered classic copper-gold porphyry-style mineralization. • Mineralization at KMZ successfully exte
Slide 21: Plan View of 2021 and historic drill holes at KMZ
Plan View of 2021 and historic drill holes at KMZ Plan view of 2021 drill holes, significant, historic drill intercepts (see slide 13), and colour-contoured IP chargeability inversion. 21
Slide 22: Cross-section of 2021 and historic drill holes
Cross-section of 2021 and historic drill holes Cross-section of 2021 drill holes and significant, historic drill intercepts (see slide 13). 22
Slide 23: Expansion opportunities at KMZ - IP
Expansion opportunities at KMZ - IP Recent geological interpretation and geophysical modelling has defined expansion potential at the KMZ and two new, adjacent targets, Kliyul West and Kliyul East, which have never been drill tested. 23
Slide 24: Expansion opportunities at KMZ - Resistivity
Expansion opportunities at KMZ - Resistivity Kliyul Main Zone IP cross section resistivity (ohm-m) View to North UNDER COVER Kliyul Main Zone KL06-30 A 217.8 m of 0.52 g/t Au, 0.23% Cu Kliyul West Target 250m Kliyul East Target KLI-15-34 245.0 m of 0.53 g/t Au, 0.18% Cu 1.5 Km Strong slightly east-d
Slide 25: Expansion opportunities at KMZ - MVI
Expansion opportunities at KMZ - MVI Kliyul Main Zone MVI cross section MVI (S.I.) View to Northwest Kliyul Main Zone A A’ KL06-30 217.8 m of 0.52 g/t Au, 0.23% Cu Kliyul West Target Kliyul East Target KLI-15-34 245.0 m of 0.53 g/t Au, 0.18% Cu 1.5 Km 250m
Slide 26: Kliyul: Multiple porphyry targets
Kliyul: Multiple porphyry targets • Porphyry deposits occur in clusters. • In addition to the KMZ, four other porphyry targets exist along an underexplored 4-km long mineralized trend: Ginger, alpine Bap Ridge, M-39 and Paprika. • Scale compares favourably with other well known mines and deposits (s
Slide 27: Chargeability inversion model – 200m depth slice
Chargeability inversion model – 200m depth slice Ginger Kliyul Main Zone Bap Ridge 27
Slide 28: Copper-in-soils
Copper-in-soils 3,628.54 305.26 223.36 "% Dortatelle Gingerg “a =m rene dence lee a = at Paprikas ™, PAciFic RIDGE exploration Itd.
Slide 29: Gold-in-soils
Gold-in-soils Poi ws es. me cod - na rt " : ae Independence! — = as 7 fl BRidsc mae a ~ “ wi < * 139, * = i PAaciFic RIDGE exploration Itd.
Slide 30: Kliyul copper-gold project: summary
Kliyul copper-gold project: summary • First drill hole returned 437.0 m of 0.61% copper equivalent (CuEq*) or 0.96 g/t gold equivalent (AuEq**); two more drill holes to report. • Kliyul is located in a prolific mining belt close to existing infrastructure. • Opportunity to make a significant copper-
Slide 31: Pacific Ridge Exploration Ltd.
Pacific Ridge Exploration Ltd. 1111 Melville Street, Suite 1100 Vancouver BC V6E 3V6 www.pacificridgeexploration.com Blaine Monaghan TSX-V: PEX President & CEO Phone: 604-687-4951 bmonaghan@pacificridgeexploration.com
Slide 32: Kliyul and Redton option terms
Kliyul and Redton option terms Pacific Ridge has the right to earn a 51-per-cent interest in the properties by making cash payments of $100,000, issuing two million shares and spending $3.5-million on exploration by Dec. 31, 2023. The Company then has the right to increase its interest in the proper