Pacific Ridge Closes Final Tranche of C$8.5 Million Financing

Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQW) (" Pacific Ridge " or the " Company ") is pleased to announce, further to its news release dated June 26, 2026, that it has closed the final tranche of its previously announced private placement for aggregate gross proceeds of C$8,456,400.02 (the " Offering "). The total Offering comprises: (i) 9,920,000 hard dollar units (the " HD Units ") at a price of C$0.20 per HD Unit for gross proceeds of C$1,984,000; (ii) 11,012,174 flow-through units (the " FT Units ") at a price of C$0.23 per FT Unit for gross proceeds of C$2,532,800.02; and (iii) 13,400,000 charity flow-through shares (the " CFT Shares ") at a price of C$0.294 per CFT Share for gross proceeds of C$3,939,600 (the " Final Tranche "). The Final Tranche closed earlier today. The Company understands that following the closing of the Final Tranche, Minsur S.A., a leading Peruvian mining company, through its subsidiary, Cumbres del Sur S.A.C. (" Cumbres "), has purchased, as part of a follow-on transaction to the issuance of the CFT Shares, all of the common shares issued under the Final Tranche. Following completion of this transaction, Minsur S.A., through its subsidiary, Cumbres, owns approximately 13.8% of the issued and outstanding common shares of the Company (on a basic basis). "I'm very pleased to welcome Minsur as our newest and largest shareholder," said Blaine Monaghan, President & CEO of Pacific Ridge . "Their investment is a strong endorsement of our projects, our team, and our goal of becoming B.C.'s leading copper exploration company. With more than C$9.0 million in the treasury, Pacific Ridge is well placed to continue advancing both the Kliyul copper-gold project and the RDP copper-gold project." José Vizquerra, Chief Strategy and Growth Officer of Minsur S.A. , commented: "This investment reflects Minsur's conviction in the RDP copper-gold porphyry project ...