Red Pine Announces Uplisting to OTCQB

TORONTO, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Red Pine Exploration Inc. (TSX–V: RPX, OTCQB: RDEXF) (the “Company” or “Red Pine”) announces that the Company’s common shares are now trading on the OTCQB Marketplace, a U.S. trading platform operated by the OTC Markets Group Inc.

The Company’s OTC stock symbol remains as "RDEXF" following the uplisting from the OTC Pink Sheets. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

"With the uplisting to the OTCQB, Red Pine validates its long-term strategy to expand accessibility of the Company to a broader audience” said Quentin Yarie, CEO and President of Red Pine Exploration. "Our U.S. investor base is an important group of shareholders, and I am pleased to be increasing our exposure to one of the largest investor markets globally. With the recent financing completed, the Company will continue to focus on the advancement and expansion of the ongoing drilling program across the Wawa Gold property."

The OTCQB is recognized as an established public financial market for international companies, including natural resource companies in the mining and exploration industry. Red Pine anticipates this move will provide the opportunity to increase the Company’s visibility, expand the Company’s liquidity and further diversifying its shareholder base.

Qualified Person

Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the news release’s technical information.

COVID-19 Precautions

Red Pine has developed and implemented compliant precautions and procedures according to guidelines from the Province of Ontario. Protocols were put in place to ensure our employees’ and contractors’ safety, thereby reducing the potential for community contact and spreading of the virus.

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".

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.

For more information about the Company, visit www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Tara Asfour, Investor Relations Manager, (514) 833-1957, tasfour@redpineexp.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.