Exploration Earn-In Agreement At Selena Project

VANCOUVER - Ridgeline Minerals Corp. has entered into an earn-in agreement with a wholly-owned subsidiary of South32 Limited, pursuant to which South32 can acquire up to an 80% interest in Ridgeline's Selena carbonate replacement deposit (CRD) project, a 39 square kilometer land package located.

Chad Peters, President, CEO & Director commented, "We are delighted to partner with South32 and add a third earn-in agreement with a major mining company to Ridgeline's exploration portfolio. We strongly believe that Selena represents a significant exploration opportunity in the base metal sector and South32 is the ideal partner to help us quickly advance and de-risk our high-grade CRD discovery at Selena.

Ridgeline's combined earn-in agreements between South32 and Nevada Gold Mines now provides up to US$60 million in potential exploration expenditures across the Selena, Swift and Black Ridge projects. Furthermore, all three earn-in agreements retain non-dilutive, debt financing options that will effectively carry Ridgeline's 20% to 25% interests in the respective projects should they proceed to production. Ridgeline's portfolio now offers a compelling mix of leveraged discovery potential through our three partner projects, as well as 100%-owned upside through our exploration pipeline of projects, led by our flagship porphyry copper project at Big Blue."