TORONTO - Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ('Red Pine' or the 'Company') is pleased to report on new results from its 2022 Phase 1 exploration program. Red Pine drilling has intersected high-grade gold mineralization in the Minto Mine Shear Zone. We have confirmed gold mineralization in the extension of the Jubilee Shear south of the Parkhill Fault adding over 2.5kms in strike length of known continuous gold mineralization to the Wawa Gold Corridor.

'We know that the historic high grade mines; Minto, Parkhill and Darwin Grace; have produced spectacular gold intersections throughout their operational history and it is understandable that we are now intersecting similar high-grade as we work to expand our resources into these areas. Red Pine is making excellent progress as we expand the footprint of our current resource,' - Quentin Yarie, President and CEO of Red Pine Exploration.

High-grade gold in the Minto Mine Deposit

As part of its on-going drilling in the Surluga South exploration target, Red Pine is testing strategic gaps in the resource of the Minto Mine Deposit. In hole SD-22-373, located within an approximately 25 meters-wide gap in the current resource of the Minto Deposit, we discovered additional high-grade gold mineralization in the Minto Mine shear zone. The results from SD-22-373, combined with those of SD-21-298A (announced September 2, 2021), indicate that the Minto Mine deposit has the potential to host zones of high-grade gold mineralization.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol 'RPX' and on the OTCQB Markets under the symbol 'RDEXF'.

The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,900 hectares in size. The Company's Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold and Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

Contact:

Quentin Yarie

President and CEO

T: (416) 364-7024

E: qyarie@redpineexp.com

Carrie Howes

Director Corporate Communications

T: (416) 644-7375

E: chowes@redpineexp.com

National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, report effective August 18, 2021.

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