Exploration To Acquire Portfolio U.S. Copper Porphyry Projects

VANCOUVER - Pacific Ridge Exploration Ltd. reported that the Company entered into option agreements with Bronco Creek Exploration Inc. (BCE), a wholly owned subsidiary of EMX Royalty Corporation (EMX), to acquire a portfolio of copper and gold projects located in the United States.

Exclusive option to acquire a 100% interest in four projects: the Mineral Hill gold project, located in Wyoming; the Red Star copper project, located in Utah; the Ripsey West copper project, located in Arizona; and, the Royston copper project, located in Nevada.

"We are very pleased to have come to an agreement with EMX to acquire this portfolio of highly prospective copper and gold projects located in the U.S.," said Blaine Monaghan, President and CEO. "With the option to acquire Red Star, Ripsey West, and Royston, we have diversified our existing copper porphyry project portfolio to become one of North America's leading copper exploration companies. All of these projects are road accessible, where we can conduct exploration year-round, and are located in mining-friendly states."