t over 0.78 m Beneath the Surluga NI 43-101 Resource

TORONTO, May 12, 2020 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSX-V: RPX) ("Red Pine" or the "Company") announces the discovery of a new mineralized gold zone, beneath the Surluga Deposit¹, during its on-going exploration program at its Wawa Gold Project, located 2 kilometres southeast of Wawa, Ontario. Hole SD-20-289 successfully intersected the Jubilee Shear Zone (host of the Surluga Deposit), 350 metres down-plunge of the current resource boundaries, with a significant intercept of 5.2 g/t gold over 6.31 metres (true width) at a depth of 570 metres. Hole SD-20-287 intersected 4.1 g/t gold over 0.94 metres (true width) below 450 metres depth.

These new drilling results indicate that high-grade gold mineralization extends at depth, well beyond the footprint of the current resource of the Surluga Deposit, and that the resource can be expanded (Figure 1).

The 2020 exploration program is funded and drilling is expected to restart in the next 2 weeks. Remaining drilling assays from the Winter 2020 program and results of the upcoming down-hole IP survey will be announced as they are received.

Quentin Yarie, Chief Executive Officer of Red Pine stated, "Following the results from holes 285A and 286, today’s results from hole 289 represent more definitive evidence that the higher-grade core of the Surluga Deposit extends well beyond the footprint of the current resource. Finding this extension, early in our exploration program, validates the accuracy of our predictive modelling of the Jubilee Shear Zone. Our next holes will test the area up- and down-plunge of this discovery to quantify the extension and grade of the discovery in hole 289. Targeting will be supported by the interpretation of the borehole IP geophysical program that is starting this week.”

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4852519c-ca72-4431 ...

Table 1. Highlights of reported drill results

Hole	From (m)	To (m)	Length (m)*	True Width (m)	Visible gold	Gold (g/t)	Zone
SD-20-287	457.46	458.44	0.98	0.94	Yes	4.1	Jubilee Shear Zone
	463.48	464.46	0.98	0.94		2.1
	473.37	483.65	10.28	9.87		0.3
SD-20-289	565.00	572.01	7.01	6.31		5.2	Jubilee Shear Zone
	Including
	568.35	569.54	1.19	1.07		15.7
	571.14	572.01	0.87	0.78		12.5
	574.00	586.30	12.30	11.07		0.3