Swift Gold Project Significant Milestone Highlights Potential

VANCOUVER - Ridgeline Minerals Corp. reported on high-grade assay results for core hole SW24-006, at the Swift gold project currently being operated under an exploration earn-in agreement with Nevada Gold Mines (NGM).

Drillhole SW24-006 is the first of up to three deep core holes planned for the 2024 program and was drilled to a total depth of 918.2 meters (m). The hole was designed to test favourable carbonate host rocks along the projection of the Mill Creek thrust fault, a significant structural control and conduit for gold mineralization at Swift. SW24-006 returned a highlight intercept of 1.1m grading 10.4 grams per tonne (g/t) gold (Au) within 2.7m grading 7.0 g/t Au starting at 676.3m downhole.

Chad Peters, President, CEO & Director, said, "We congratulate NGM for delivering a high-grade gold intercept on only the sixth drillhole of our exploration partnership at Swift. NGM's first five framework holes returned thick intercepts of low-grade gold mineralization and confirmed that Swift is host to a Carlin-Type system of significant scale. The results demonstrate that Swift hosts high-grade gold mineralization of comparable grade to currently operating underground mines in the Cortez District.

Deep discoveries in Nevada are time and capital intensive and it's important for shareholders to recognize that it's still early in the discovery process at Swift. More drilling by our partners at NGM is required to continue vectoring towards the interpreted core of the high-grade system; however, these results represent a significant milestone for the Company and highlight the potential for Swift to become Nevada's next high-grade Carlin-Type gold discovery."