Red Pine Continues to Intersect High-Grade Gold in the Jubilee Shear Zone; 25.73 g/t gold over 4.78 metres (true width – “TW”) including 41.73 g/t gold over 1.93 metres (TW)

Toronto, Ontario – September 20, 2021 – Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) is pleased to report new and notable results from its 2021 drilling program at the Wawa Gold Project, including the discovery of high-grade gold mineralization in the Jubilee Shear Zone more than 400 metres down-dip of the current boundary of the Surluga Deposit inferred resource.

Highlights of the 2021 Drilling Program (Tables 1 and 2, Figures 1 and 2)

• Intersection in SD-21-298A of 25.73 g/t gold over 4.78 metres true width (TW) in the Jubilee Shear Zone, including 41.73 g/t gold over 1.93 metres (TW) and 45.80 g/t gold over 0.92 metres (TW), more than 400 metres down-dip of the current boundary of the Surluga Deposit inferred resource.
• Indications that higher-grade gold mineralization extends down-dip of the Surluga Deposit inferred resource, in the northern extension of the Surluga Deposit.

o Intersection of 4.39 g/t gold over 2.55 metres (TW) including 8.76 g/t gold over 0.87 metres (TW) in SD-21-299.

o Intersection of 3.38 g/t gold over 2.91 metres (TW) in including 5.52 g/t gold over 0.91 metres (TW) in SD-21-301.

• Visible gold has been observed in two different veins in the Jubilee Shear Zone located in hole SD-21-302 in the Surluga South discovery (assays pending).

“The results from our 2021 drilling program continue to illustrate the untapped potential of the Wawa Gold Project. Hole SD-21-298A confirms the presence of zones of high-grade gold mineralization in the Surluga South exploration target and represents an exciting development in the discovery made by Red Pine in 2020. In the northern end of the Jubilee Shear Zone, >400 metres down-dip of the inferred resource of the Surluga deposit, our drilling results suggest that higher-grade mineralization extends into previously unexplored areas. These results are beginning to define a zone that would expand the resource in the northern end of the deposit.

Red Pine’s production has significantly improved with the two operating drills on site, the contractor’s recent ability to operate the third drill will significantly improve our drilling production. The third drill, which will target the Darwin-Grace greenfield target, is on schedule to start this month.” – Quentin Yarie, President and CEO.

Figure 1- 2021 Drill Holes Completed

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