Pacific Ridge Exploration Ltd.: Additional Mineral Claims Acquired at Fyre Lake-Kona Copper Gold Deposit, Yukon

Pacific Ridge Exploration Ltd.: Additional Mineral Claims Acquired at Fyre Lake-Kona Copper Gold Deposit, Yukon 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/28/13 -- Pacific
Ridge Exploration Ltd. (TSX VENTURE:PEX) ("Pacific Ridge") has
entered into an agreement with True North Gems Inc. ("True North") to
acquire 43 mineral claims located within Pacific Ridge's Fyre Lake
property, located in the eastern Yukon's Finlayson District. The
newly acquired claims are strategically located in proximity to
Pacific Ridge's 100% owned Fyre Lake Kona copper-gold-cobalt massive
sulphide deposit.  
In order to earn a 100% interest in the claims from True North,
Pacific Ridge will, subject to TSX Venture Exchange approval, make an
initial payment of $15,000 plus 250,000 Pacific Ridge shares and on
or before January 31, 2014 will pay an additional $10,000 and 150,000
shares. The agreement is not subject to any underlying royalty
interests. 
The Kona copper-gold deposit has a NI 43-101 compliant resource that
was estimated in 2006 utilizing mineralized intersections from 114
drill holes. The resource includes 3.6 million tonnes grading 1.57%
copper, 0.61 grams per tonne (gpt) gold and 0.10% cobalt in the
indicated category plus an inferred 5.4 million tonnes grading 1.48%
copper, 0.53 gpt gold and 0.08% cobalt. The deposit remains open to
expansion at depth. Deeper holes, drilled by Pacific Ridge,
intersected 5.6% copper and 2.5 gpt gold over 3.0 metres, 3.2% copper
and 2.3 gpt gold over 5.7 metres and 6.1% copper and 0.7 gpt gold
over 7.0 metres. The property also hosts attractive geophysical
targets adjacent to the Kona deposit and along favourable
stratigraphy that have not yet been drill tested. Company management
believes that the potential for new discoveries on the property is
excellent, including within the newly acquired claims. 
Pacific Ridge has spent approximately $6 million in exploration on
the Fyre Lake property and is now considering joint venture
participation with the objective of increasing Kona tonnage through
additional drilling. 
On behalf of the Board of Directors, 
John S. Brock, President & CEO 
Pacific Ridge Exploration Ltd. 
The technical information contained within this News Release has been
reviewed and approved by Dr. Gerald Carlson, Ph.D., P.Eng, Vice
President Exploration of Pacific Ridge Exploration, and Qualified
Person as defined by National Instrument 43-101 policy. 
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, that address
exploration drilling and other activities and events or developments
that Pacific Ridge Exploration Ltd. ("Pacific Ridge") expects to
occur, are forward-looking statements. Forward-looking statements in
this news release include statements regarding the placements and
future exploration plans and expenditures. 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, the timing and receipt of regulatory and
governmental approvals for the transactions described herein, 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 transactions
and 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. 
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. 
Contacts:
Pacific Ridge Exploration Ltd.
John S. Brock
President & CEO
(604) 687-4951
www.pacificridgeexploration.com
 
 
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