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

About this update from Pacific Ridge Exploration Ltd.

Vancouver, British Columbia--(Newsfile Corp. - June 8, 2026) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQW) ("Pacific Ridge" or the "Company") is pleased to announce that, further to its press release of June 4, 2026, it is increasing the hard dollar unit ("HD Unit") portion of its non-brokered private placement by up to C$1,084,000 for gross proceeds of up to C$8,289,000 (the "Upsized Offering") due to increased investor interest. All other terms of the Upsized Offering remain unchanged - the Upsized Offering will consist of: (i) up to 10,420,000 HD Units at a price of C$0.20 per HD Unit for gross proceeds of up to C$2,084,000. The charity flow-through share (the "CFT Share") portion of the Upsized Offering, remains comprised of up to 12,500,000 CFT Shares at a price of C$0.294 per CFT Share for gross proceeds of up to C$3,675,000. As well, the flow-through unit (the "FT Unit") portion of the Upsized Offering, remains comprised of up to 11,000,000 FT Units at a price of $0.23 per FT Unit for gross proceeds of up to C$2,530,000. The Upsized Offering is expected to close in late June 2026. Completion of the Upsized Offering is subject to certain conditions, including receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the "TSXV"). The Company may, subject to the approval of the TSXV, pay finder's fees in connection with the Upsized Offering, which may include the payment of cash and/or issuance of warrants. The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements. "United States" and "U.S. person&quo...

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