Ridgeline Minerals Closes $4.1 Million Private Placement: Fueling Exploration and Growth in Nevada

Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) has successfully closed a $4.1 million private placement, issuing 27,562,983 units at $0.15 per unit. Each unit consists of one common share and one-half of one non-transferable share purchase warrant, with each whole warrant entitling the holder to purchase one additional share at $0.25 per share until February 13, 2027. The proceeds will be used to fund exploration activities at the Company's projects in Nevada and for general working capital.

The Company's primary exploration focus in H1 2022 will be confirming the potential for a high-grade Carbonate Replacement (CRD) silver-gold-lead-zinc discovery at its 100%-owned Selena project. A high-resolution drone magnetics geophysical survey is scheduled for mid-February to cover the entire CRD target area, followed by a 5,500-meter (~8 hole) drill campaign in April that will test multiple structural intersections and fold axes. The Company will also continue to advance its Swift project through its earn-in agreement with Nevada Gold Mines, with additional drill programs anticipated in 2022.



The private placement has strengthened Ridgeline Minerals' financial position and exploration plans, allowing the Company to continue advancing its high-potential projects in Nevada. The Company's strategic focus on exploration and strategic partnerships, such as the earn-in agreement with Nevada Gold Mines, positions it well to create shareholder value through discovery upside and funded exploration.