Vancouver, B.C. – November 20, 2020 – Pacific Ridge Exploration Ltd. (TSX Venture: PEX) (“Pacific Ridge” or the “Company”) reports that it has entered into an Exploration Agreement (the “Agreement”) with Takla Nation (“Takla”) and Tsay Keh Dene First Nation (“TKD”). The Agreement establishes a mutually beneficial and cooperative relationship whereby communication and collaboration between Takla, TKD and Pacific Ridge are key factors, providing the parties certainty in their relationship throughout the advancement of the Kliyul project. The Agreement recognizes Takla’s and TKD’s stewardship role in environmental and wildlife monitoring.

“We look forward to working closely with Takla and TKD as we begin our exploration efforts on the promising Kliyul gold-copper porphyry project” stated Gerry Carlson, President & CEO of Pacific Ridge. “Through this Agreement, we plan to build trust and respect with these First Nations through communication and continued involvement, at the same time reducing uncertainty for both the Company and the First Nation communities.”

The 2020 exploration program at Kliyul included an Induced Polarization geophysical survey as well as geological and alteration mapping and geochemical sampling. The purpose of the program was to extend the depth of investigation of the geophysical response as well as to define vectors for a major drill test of priority Au-Cu targets planned for 2021. For further information on the Kliyul project, please see www.pacificridgeexploration.com/projects/kliyul-british-columbia/.

About Pacific Ridge

Pacific Ridge is a well-financed junior exploration company that has assembled a portfolio of highly prospective gold and base metal projects located in the Yukon and British Columbia, where its board and management team have a track record of success. Its holdings include the new Kliyul and Redton copper-gold porphyry projects in north-central British Columbia, the Mariposa, Eureka Dome and Gold Cap gold exploration projects in the Klondike-White Gold District, Fyre Lake Cu-Au-Co massive sulphide deposit in the Finlayson District and the Spius Cu-Mo porphyry prospect in southern British Columbia.

On behalf of the Board of Directors,

“Gerald G. Carlson”

Gerald G. Carlson
President & CEO
Pacific Ridge Exploration Ltd. For further information, contact:
Pacific Ridge Exploration Ltd.
Gerald G. Carlson
President & CEO
Tel: (604) 687-4951
www.pacificridgeexploration.com