Ridgeline Minerals Converts Exploration Success into All-Cash C$32.7 Million Sale of Carlin & Cortez Trend Gold Portfolio to Nevada Gold Mines

About this update from Ridgeline Minerals Corp

For a summary of today's press release by Ridgeline's President & CEO Chad Peters - Click HERE Vancouver, British Columbia--(Newsfile Corp. - August 4, 2026) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("Ridgeline" or the "Company") is pleased to announce that it has entered into a purchase and sale agreement dated August 3, 2026 (the "Purchase Agreement") with Nevada Gold Mines LLC ("NGM" or "Nevada Gold Mines"), a joint venture between Barrick and Newmont, pursuant to which NGM has acquired all of Ridgeline's interests in the Swift, Black Ridge, Bell Creek and Atlas gold exploration projects (the "Projects") (Figure 1) in an all-cash transaction totaling US$23,150,000 (or C$32,706,3201) (the "Transaction"). The Transaction was completed effective August 3, 2026, wherein NGM acquired a 100% ownership interest in the Projects for a one-time US$23,150,000 cash payment on closing. Chad Peters, Ridgeline's President, CEO & Director commented, "I'm very proud to announce today's transaction with our longtime partners at Nevada Gold Mines, which crystallizes significant value for Ridgeline shareholders. This deal further validates our hybrid prospect generator business model, representing a 26% premium to our 20-day VWAP and a more than 350% return on invested capital across the four transacted Projects." Mr. Peters continued, "With the closing of this Transaction, Ridgeline retains a robust treasury of C$33.0 million in cash and C$3.0 million in marketable securities. Notably, shareholders will also retain direct exposure to our 97km² exploration portfolio in Nevada; including the Company's flagship CRD discovery at the Selena project, which is actively being drilled and funded by our partners at South32." Transaction HighlightsFor cash consideration of US$23,150,000 (or C$32,706,320¹), NGM acquired on closing of the Transaction: Ridgeline retains: Growth StrategyThe Ridgeline team will continue to execute on its proven track record of success in generating new projects and making discoveries in Nevada, including: Figure 1: Map of the gold exploration projects acquired by NGM (white) in the Carlin and Cortez trends with projects retained by Ridgeline shown in dark blue To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/7298/307876_c25e3cb5241d59e3_002full.jpg The Transaction ...

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