Drill Programs Being Completed At Selena And Swift

VANCOUVER - Ridgeline Minerals Corp. reported on ongoing drill programs and exploration activities at the Selena and Swift projects in Nevada and its Robber Gulch project in Idaho.

Mike Harp, Vice President, Exploration, said, "We are excited to see substantial drill programs being completed at both Selena and Swift this fall. At our wholly owned Selena project, we continue to discover new mineralized zones as a result of our team's systematic approach to exploring this complex CRD system. Selena exhibits incredible exploration upside and our Q3 2022 drill campaign is an important first step towards expanding the shallow mineralized footprint across multiple zones as we advance the project to a maiden resource."

Selena Project has secured a core drill rig for a 10-15 hole drill program scheduled to begin in late September. Drilling will target shallow (0-200 m), high-grade Ag-Au-Pb-Zn mineralization at multiple targets including Chinchilla, Juniper and Broken Egg with the objective of defining multiple shallow-oxide mineralized zones with open-pit potential. The Carbonate Replacement Type ("CRD") mineralization intersected in the Q2 2022 step-out drill program returned a highlight intercept of 3.0 meters ("m") grading 40.2 grams per tonne ("g/t") silver ("Ag"), 3.0 g/t gold ("Au"), 0.2% ("Pb") Pb, 6.8% zinc ("Zn") and suggests that additional drilling may define higher-grade zones of CRD mineralization at depth.

Selena now hosts three drill-confirmed deposit types across five mineralized zones within a 15 square km exploration footprint that remains open for expansion. The Company acquired a 'backpack' drill rig in Q3 2022, which is operated by Ridgeline's geologists and capable of drilling up to 20 m deep core holes. Initial scout holes at the Broken Egg and Juniper targets returned: Broken Egg: 0.9 m grading 2.4 g/t Au, (no significant base metal values) starting from surface in SEBP-001 with anomalous gold (up to 0.07 g/t Au) and elevated Carlin-Type pathfinder elements (As-Sb-Hg) continuing from 0.9 m to end of hole at 8.5 m; Juniper: 3.0 m grading 95.2 g/t Ag, 1.1 g/t Au, 0.1% Pb and 0.3% Zn starting from surface in SEBP-002 with assays pending from 3.0 - 9.6 m downhole; and Ridgeline's geologist will continue to de-risk the upcoming September core program by drilling multiple backpack 'scout' holes at Broken Egg and Revival.

At the Swift Project he drill program will complete a series of deep, wide-spaced core holes targeting favorable Devonian age carbonate host rocks to the southwest of 2021 drill hole SW21-001, which returned 9.1 m grading 0.51 g/t Au starting at 8.5 m downhole.

The Company has identified multiple outcropping shallow-oxide targets at the Robber Gulch Project to be tested with the backpack drill rig in early Q4 2022. The highest priority target is located ~500m south of and on-strike of historic drill hole AC-4 (0.34 g/t Au oxide over 57.9m) where the team will drill a 10-15m backpack drill hole beneath outcropping jasperoid that has returned rock chip samples up to 6.7 g/t Au.