Ridgeline Minerals Announces $9.9M in Partner-Funded 2026 Exploration Budgets at the Swift and Selena Projects

About this update from Ridgeline Minerals Corp

Vancouver, British Columbia--(Newsfile Corp. - April 23, 2026) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("Ridgeline" or the "Company") is pleased to provide 2026 budget guidance of US$9,500,000 in partner-funded exploration between the Selena ("Selena") and Swift ("Swift") projects (Figure 1). Drill program details are highlighted below. The Selena project is a silver-lead-zinc-gold-copper carbonate replacement ("CRD") style exploration project operated by Ridgeline Minerals and funded by a wholly owned subsidiary of South32 Limited ("South32"). The project is currently operating under Phase I of an exploration earn-in agreement totaling up to US$10,000,000 in qualifying expenditures over a 5-year period. South32 has approved a Year-3 work program and budget of US$4,400,000 that, once funded and executed, is expected to satisfy Phase I of the exploration earn-in agreement (for more details see August 22, 2024 press release HERE). The Swift project is Carlin-Type gold exploration project being operated by Nevada Gold Mines ("NGM") under Phase I of an exploration earn-in agreement totaling up to US$20,000,000 in NGM expenditures over a 5-year period. NGM has approved a 2026 exploration budget of US$5,500,000 for a projected total of US$20,000,000 in qualifying expenditures, which will satisfy Phase I of the exploration earn-in agreement (for more details see September 22, 2024 press release HERE). Chad Peters, Ridgeline's President, CEO & Director commented, "Selena and Swift continue to exhibit strong exploration potential with our partner-funded budgets continuing to increase year over year. 2026 represents our largest partner-funded exploration budget in Company history and provides our shareholders with exposure to gold, silver and base metal discoveries in mining friendly Nevada, while also reducing risk and minimizing shareholder dilution through our hybrid exploration model." Mr. Peters continues, "Our 2025 CRD discovery at Chinchilla Sulfide was a significant milestone for the Selena project and supports our belief that Selena represents one of the more compelling silver and base metal discoveries in the United States since the discovery of the Hermosa Taylor deposit in 2015. Drilling will commence at Selena in April, followed by Swift in May, where we will continue to build on high-grade drill intercepts at bo...

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