Pacific Empire Provides Corporate and Exploration Update

Pacific Empire Minerals Corp. (TSXV: PEMC) ('Pacific Empire', 'PEMC' or the 'Company'), a British Columbia copper explorer, is pleased to provide a corporate and exploration update on its Trident and Pinnacle projects.

Over the past decade Pacific Empire has operated under the 'Prospect Generator' business model, where the Company would acquire projects through staking or through option agreements. The Company would then seek to attract partners to advance the projects, primarily in the form of diamond drilling. The acquisition of the Trident Copper-Gold Porphyry Project marks a significant turning point for the Company and an opportunity to focus entirely on advancing one highly prospective project toward discovery, while partner-funded exploration continues at the Company's Pinnacle Copper-Gold Porphyry Project.

'Acquiring the Trident property is a game changer for the company,' commented Brad Peters, President, and CEO and Director of Pacific Empire. 'This is a property that I had been watching very closely over the past seven years. Pacific Empire had originally optioned the then named Col property in 2013 and during 2014 the property was advanced with partner-funded exploration by Oz Minerals who completed a large IP survey in addition to two diamond drill holes. In 2015 Oz Minerals dropped the option agreement and returned the project to PEMC but due to the significant cash payments and exploration expenditures required by Pacific Empire to keep the underlying option agreement in good standing we were forced to return the property back to the owner.

'Over the past seven years I remained in contact with the owner of the property and when it became apparent in April of 2022 that the claims were potentially going to expire, we came to an agreement where in return for a 2% NSR on the property Pacific Empire would acquire a 100% interest in the property. The only problem remaining was that the claims were still going to expire if there was not a significant amount of work completed immediately or by filing cash-in-lieu to maintain the claims in good standing with the government. Due to previous partner-funded exploration on Pacific Empire's projects over the past seven years we were in the fortunate position of having a substantial balance in our PAC account and we were able to take advantage of a one-time opportunity to use our PAC credits to advance the property with the government until 2027. As a result, Pacific Empire now has a 100% interest in a very prospective gold-enriched copper project with no underlying obligations to property owners and no government required exploration expenditures for another four years.

'The most significant advancement on the property occurred during 2014 when it was recognized that mineralization encountered in diamond drilling at the A Zone during 2007 and the early 1970's was not related to a fracture or shear zone but was directly related to the emplacement of small porphyry intrusions. This observation has significant implications for future exploration programs and is often overlooked when evaluating copper porphyry prospects. As our Senior Geological Advisor, Paul Johnston put it, 'Although it should seem obvious, one of the most important criteria in evaluating a porphyry prospect is the actual presence of a mineralized porphyry.'

'Most importantly, the intrusions dip to the northeast, implying that the source of the mineralized porphyry intrusions is to the northeast of historical drilling at the A Zone, in an area where there has been no diamond drilling. In addition, high grade mineralization at the Slide Zone, located approximately 700 metres to the northeast of the A Zone, appears to be related to the emplacement of a hydrothermal breccia, a common feature related to copper porphyry systems.

'Several prospective target areas have been identified to the northeast of the A Zone and the next step for Pacific Empire is to complete an airborne Mobile Magneto Tellurics survey over this area. The ability of a Magneto Telluric survey to outline resistive/conductive bodies at a depth up to 1 kilometre will assist greatly in focusing future diamond drilling.'

Forest Fires

The ongoing forest fires in British Columbia have had an impact on our planned exploration activities at the Trident project. Firstly, we want to extend our thoughts to the communities affected by these fires and extend our gratitude to the firefighters and emergency personnel working to control the situation.

Safety is our top priority at PEMC. As such, we suspended our exploration activities at the Trident project during July and August to ensure the safety of our employees and contractors. We have been monitoring the situation to assess when it will be safe to resume our operations. Precipitation over the past two weeks appears to have been successful in subduing fire activity in the area and we anticipate it will be safe to conduct exploration activities shortly.

The fire that affected the Trident property was the Klawli Lake Fire (Fire No. G50872). The fire was first reported on June 24, 2023 and reached an extent of 15,943.6 hectares, covering portions of both the Trident and Pinnacle properties.

About the Trident Property

Located approximately 50 km to the southeast of Northwest Copper's Kwanika Deposit and 50 km to the northwest of Centerra Gold's Mt. Milligan Mine, the Trident property covers 6,618 hectares and is accessible by vehicle using well established logging roads.

Copper mineralization on the property was first discovered by Colin Campbell in 1969, while following up on anomalous stream sediment samples. The following year Falconbridge Ltd. optioned the property and over the next two years completed IP and magnetic surveys, geological mapping, soil sampling and diamond drilling. This work identified the A Zone.

Additional exploration programs were completed by Kookaburra Gold Corp. from 1988 through 1991, Solomon Resources Ltd. From 2006 through 2008 and PEMC/Oz Minerals Ltd. From 2014 to 2015. All of these programs completed diamond drilling, geophysical surveys and geochemical sampling.

Mineralization on the property is most significant in three areas, 1) the A Zone, 2) the Slide Zone and 3) Campbell Trench. Further information and details including updated maps can be found on the Company's website at www.pemcorp.ca and in the Corporate Presentation.

The A Zone

At the A Zone, copper-gold mineralization occurs along a strike length of approximately 300 metres at an azimuth of 120o and where best developed it is approximately 30 meters wide over a length of approximately 175 metres. This zone was tested by a number of small diameter drill holes by Falconbridge Ltd. in 1971 with the best intersections assaying 0.84% Cu over 45.7 meters and 0.70% Cu over 51.8 metres (DDH-1971-13 and DDH-1971-20, respectively). In 2007, Solomon Resources Ltd. followed up with diamond drilling at the A Zone and demonstrated that mineralization extended at depth.

Until 2014, mineralization at the A Zone was believed to be associated with a fracture or shear zone, however while reviewing drill core from the A Zone in 2014, PEMC observed the presence of very well mineralized porphyry intrusions that are most likely responsible for the copper-gold mineralization due to their intimate relationship with quartz-sulphide veining and mineralization.

In this area, mineralization styles vary considerably but are characteristic of hydrothermal breccia. This is evidenced by the presence of mineralized monzonite clasts within the surrounding volcanic rocks in addition to strong epidote-quartz alteration of the mineralized clasts.

In porphyry deposits, breccias generally occur as steep, pipe-like bodies and are typically formed at the top of, or immediately adjacent to an intrusion, hosting high-grade ore bodies. Breccia-hosted deposits, such as the Galore Creek porphyry copper-gold deposit and the Mount Polley porphyry copper-gold-silver deposit are such examples.

Campbell Trench Zone

Located approximately 1 km to the northwest and 200 m higher in elevation, PEMC believes the Campbell Trench Zone may be representative of a higher level within the porphyry-epithermal spectrum. This area is characterized by the presence of large quartz veins associated with copper-gold mineralization. Visible gold was observed in outcrop at this location in 2007.

About Pacific Empire

Pacific Empire is a copper exploration company based in Vancouver, British Columbia and trades on the TSX Venture Exchange under the symbol PEMC. The Company's strong portfolio of gold-enriched copper projects in British Columbia, is the culmination of perseverance through one of the longest bear markets in the resource industry.

British Columbia is a 'Green' copper jurisdiction with abundant hydroelectric power, access and infrastructure in close proximity to the end market.

Contact:

Tel: +1-604-356-6246

Email: brad@pemcorp.ca

Forward-Looking Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as 'anticipate', 'believe', 'plan', 'estimate', 'expect', and 'intend', statements that an action or event 'may', 'might', 'could', 'should', or 'will' be taken or occur, or other similar expressions. All statements, other than statements of historical fact. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.