Pacific Ridge Exploration Ltd. has received $359,375 from the exercise of 1,437,501 share purchase warrants with an exercise price of 25 cents and an expiry date of Oct. 21, 2010. The company now has 37,090,077 common shares issued and outstanding.

On Sept. 20, 2010, it was previously reported that 700,000 share purchase warrants were exercised at a price of 25 cents per share with the company then receiving gross proceeds in the amount of $175,000.

With respect to the Pacific Ridge Mariposa, Gold Cap and Polar/Steward properties located within the Yukon’s South Klondike-White Gold area, additional assay results from trench sampling and soil sampling surveys remain pending, and will be reported when received and compiled during the balance of this year. Plans for the Pacific Ridge 2011 exploration program are under way, additional exploration staff have been engaged and the company will soon issue a request for tenders from diamond drilling contractors.

Pacific Ridge’s disclosure of a technical or scientific nature in this press release has been reviewed and approved by George Norman, PGeo, Pacific Ridge’s exploration manager, who serves as a qualified person under the definition of National Instrument 43-101. Quality-assurance and quality-control procedures include the systematic insertion of blanks, duplicates and standards into trench sample sequence. Samples are placed in sealed bags and shipped directly to ACME Labs’ preparatory laboratory in Whitehorse prior to gold fire assay fusion by ICP-ES analysis. The Mariposa property is an early-stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101.

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