Pacific Ridge First Closing Non-Brokered Private Placement Raises $250,000

Pacific Ridge Exploration Ltd. (TSX VENTURE:PEX) - 

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TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT
CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE
NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED,
OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED
STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.


Pacific Ridge Exploration Ltd. (the "Company") is pleased to announce that the
non-brokered private placement previously announced on April 29, 2013 has seen a
"first closing" in the total amount of $250,000 on June 10, 2013.


The Company received gross proceeds of $150,850 pursuant to the issuance of
2,155,000 flow-through shares priced at $0.07 per share. The Company intends to
use the gross proceeds from the sale of the flow-through shares for Canadian
Exploration Expenses ("CEE"), within the meaning of the Income Tax Act (Canada),
with the Company using its best efforts to ensure that such CEE qualify as
"flow-through mining expenditure" for purposes of the Income Tax Act (Canada),
related to the exploration activity during 2013 of the Company's exploration
projects located in Yukon, Canada. The Company expects to renounce such CEE with
an effective date of December 31, 2013.


The Company also received proceeds of $99,150 pursuant to the issuance of
1,983,000 non-flow-through units ("Units") priced at $0.05 per Unit. Each Unit
comprised of one non-flow-through share and one-half of a transferable share
purchase warrant, with each whole warrant (a "Warrant") entitling the holder to
purchase one additional non-flow-through common share at a price of $0.10 per
share for 12 months subject to an accelerated expiry provision.


Finders' fees of up to 6% cash and 6% finders' warrants, with each finder's
warrant entitling the purchase of one common share at a price of $0.10 per share
for 12 months, are payable in respect of the private placement closing. All
securities issued pursuant to the private placement, including shares, warrants
and finders' warrants issued as finders' fees are subject to a hold period
expiring October 11, 2013. The private placement and payment of finders' fees
are subject to regulatory approval.


The flow-through funds will be mainly designated to 2013 exploration on the
Company's King Solomon Gold Property located in the Yukon's Klondike. Which
program, that will commence during the last half of this month, will include
drilling, and will be more fully reported in the weeks ahead.


As at June 11, 2013 the Company's cash balance is $450,000 which includes
flow-through funds in the amount of $150,000. In addition, the Company will be
the recipient of a $50,000 exploration assistance grant from the Yukon
Government. The Company proposes to raise up to an additional $490,000 of
flow-through and non-flow through funds.


On behalf of the Board of Directors,

John S. Brock, President & CEO

Pacific Ridge Exploration Ltd.

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pacific Ridge Exploration Ltd.
John S. Brock
President & CEO
[phone]
[phone] (FAX)
www.pacificridgeexploration.com