Pacific Ridge Grants Stock Options

Rhea-AI Summary

Pacific Ridge Exploration (OTCQB: PEXZF; TSXV: PEX) granted a total of 1,850,000 incentive stock options on December 1, 2025.

The options were awarded to various directors, officers, advisors, and consultants, are exercisable at CAD$0.25 per share and expire after five years. The awards are subject to the company's stock option plan and TSX Venture Exchange policies.

Positive

• 1,850,000 stock options granted to align directors and advisors
• Options exercisable at CAD$0.25 for a defined five-year term

Negative

• 1,850,000 potential share dilution if all options are exercised

Vancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQW) ("Pacific Ridge" or the "Company") has granted 1,850,000 incentive stock options ("stock options") to various directors, officers, advisors, and consultants. The stock options are exercisable at a price of CAD$0.25 for a period of five years. The stock options are subject to the terms and conditions of Pacific Ridge's stock option plan and the policies of the TSX Venture Exchange.

About Pacific Ridge

A Fiore Group company, Pacific Ridge's goal is to become British Columbia's leading copper exploration company. The Kliyul copper-gold project, located in the prolific Quesnel terrane close to existing infrastructure, is the Company's flagship project. The Kliyul Main Zone, just one target area at Kliyul, hosts 334.1 million tonnes grading 0.33% CuEq*(0.15% copper, 0.26 g/t gold, and 0.95 g/t silver) in the Inferred Mineral Resource category (see news release dated August 6, 2025). In addition to Kliyul, the Company's project portfolio includes the RDP copper-gold project, the Chuchi copper-gold project, the Onjo copper-gold project, and the Redton copper-gold project, all located in B.C. Pacific Ridge would like to acknowledge that its B.C. projects are located in the traditional, ancestral and unceded territories of the Gitxsan Nation, McLeod Lake Indian Band, Nak'azdli Whut'en, Takla Nation, and Tsay Keh Dene Nation.

On behalf of the Board of Directors,

"Blaine Monaghan"

Blaine Monaghan
President & CEO
Pacific Ridge Exploration Ltd.

Investor Relations:
Tel: (604) 687-4951
Email: ir@pacificridgeexploration.com
Website: www.pacificridgeexploration.com
News Sign up: https://pacificridgeexploration.com/contact/subscribe/
LinkedIn: https://www.linkedin.com/company/pacific-ridge-exploration-ltd-pex-/
Twitter: https://twitter.com/PacRidge_PEX

*CuEq = ((Cu%) x $Cu x 22.0462) + (Au(g/t) x AuR/CuR x $Au x 0.032151) + (Ag(g/t) x AgR/CuR x $Ag x 0.032151)) / ($Cu x 22.0462).
Commodity prices: $Cu = US$4.60/lb, $Au = US$2,600/oz., and Ag = US$30.00/oz.
There has been no metallurgical recovery testing on Kliyul mineralization.
The Company estimates copper recoveries (CuR) of 80%, gold recoveries (AuR) of 60%, and silver recoveries (AgR) of 60%
Factors: 22.0462 = Cu% to lbs per tonne, 0.032151 = Au g/t to troy oz per tonne, and 0.032151 = Ag g/t to troy oz per tonne.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, which address exploration drilling and other activities and events or developments that Pacific Ridge Exploration Ltd. ("Pacific Ridge") expects to occur, are forward-looking statements. Although Pacific Ridge believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, that one of the options will be exercised, the ability of Pacific Ridge and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Pacific Ridge's proposed programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276376

FAQ

What did Pacific Ridge (PEXZF) announce on December 1, 2025 about stock options?

Pacific Ridge granted 1,850,000 incentive stock options exercisable at CAD$0.25 for five years.

Who received the stock options from Pacific Ridge (PEXZF)?

The options were granted to various directors, officers, advisors, and consultants.

What is the exercise price and term of Pacific Ridge's December 1, 2025 options?

The options are exercisable at CAD$0.25 per share and expire after five years.

Are Pacific Ridge (PEXZF) options subject to any plan or exchange rules?

Yes; the options are subject to Pacific Ridge's stock option plan and TSX Venture Exchange policies.

How could the December 1, 2025 option grant affect PEXZF shareholders?

If all options are exercised, up to 1,850,000 new shares could be issued, creating potential dilution.