Precious Metals

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.

Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF), ("Red Pine" or the "Company") is pleased to announce that it has entered into an agreement with Haywood Securities Inc. ("Haywood"), as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including Canaccord Genuity Corp, and Laurentian Bank Securities Inc. (together with Haywood, the "Underwriters"), pursuant to which the Underwriters will purchase, on a bought deal basis, (i) 7,693,000 common shares of the Company (the "Offered Shares") at a price of C$0.26 per Offered Share (the "Offered Share Price"), and (ii) 10,000,000 flow-through common shares of the Company (the "FT Shares" and together with the Offered Shares, the "Offered Securities") at a price of C$0.30 per FT Share, for aggregate gross proceeds to the Company of C$5,000,180 (the "Offering").

The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 15% of the aggregate gross proceeds of the Offering, exercisable in whole or in part for Offered Shares at the Offered Share Price, at any time and from time to time on or prior to the date that is 30 days following the closing of the Offering to cover over-allotments, if any, and for market stabilization purposes. If this option is exercised in full, an additional C$750,027 in gross proceeds will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be C$5,750,207.

The Company plans to use the net proceeds from the sale of the Offered Shares for exploration at the Company's Wawa Gold Project and for working capital and general corporate purposes. The gross proceeds from the sale of the FT Shares will be used by the Company to incur eligible "Canadian Exploration Expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") on the Wawa Gold Project.

The Offered Securities will be offered by way of a short form prospectus to be filed in all provinces of Canada, except Québec. The Offered Shares may also be sold to U.S. buyers on a private placement basis pursuant to available exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act'), and other jurisdictions outside of Canada provided that no prospectus filing or comparable obligation arises.

The Offering is scheduled to close on or about September 29, 2022 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the U.S. Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act, and application state securities laws.

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@repineexp.com

Or

Carrie Howes, Director Corporate Communications, (416)-644-7375 chowes@redpineexp.com

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

Cautionary Statement Regarding Forward-Looking Information

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 and in this news release includes statements regarding the timing and completion of the Offering, the receipt of necessary stock exchange and securities regulatory authority approvals for the Offering, the use of proceeds of the Offering and future plans of the Company. 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.


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Red Pine Exploration

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Red Pine Closes C$5.5 Million Bought Deal Financing

Red Pine Closes C$5.5 Million Bought Deal Financing

/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES /

All monetary amounts are expressed in Canadian Dollars, unless otherwise indicated.

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Red Pine Intersects High Grade Gold Mineralization in the Extensions of the Surluga Deposit; Intersects 42.95 g/t gold over 1.92 metres in the Jubilee Shear Zone south of the Parkhill Fault

Red Pine Intersects High Grade Gold Mineralization in the Extensions of the Surluga Deposit; Intersects 42.95 g/t gold over 1.92 metres in the Jubilee Shear Zone south of the Parkhill Fault

Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to report new results from its 2022 exploration program. Red Pine drilling continues to expand the footprint of mineralization outside the current resource of the Surluga Deposit and quantify additional exploration targets on the property.

Highlights

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Red Pine Continues to Intersect High Grade Gold in the Minto Mine South Deposit - 17.49g/t over 5.82m

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Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to report new results from its 2022 Phase 1 exploration program in the Minto Mine South Deposit. Red Pine drilling continues to increase the footprint of mineralization within the Minto Mine South Deposit.

Highlights

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Red Pine Intersects 68.71g/t gold over 4.72m including 231.5 g/t Gold over 1.06m in extension of the Minto Mine South Deposit. Visible Gold Intersected South of the Parkhill Fault.

Red Pine Intersects 68.71g/t gold over 4.72m including 231.5 g/t Gold over 1.06m in extension of the Minto Mine South Deposit. Visible Gold Intersected South of the Parkhill Fault.

Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to report on new results from its 2022 Phase 1 exploration program. Red Pine drilling has intersected high-grade gold mineralization in the Minto Mine Shear Zone. We have confirmed gold mineralization in the extension of the Jubilee Shear south of the Parkhill Fault adding over 2.5kms in strike length of known continuous gold mineralization to the Wawa Gold Corridor.

"We know that the historic high grade mines; Minto, Parkhill and Darwin Grace; have produced spectacular gold intersections throughout their operational history and it is understandable that we are now intersecting similar high-grade as we work to expand our resources into these areas. Red Pine is making excellent progress as we expand the footprint of our current resource," - Quentin Yarie, President and CEO of Red Pine Exploration.

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Shallow High-Grade Gold Discovery in the Extension of the Sadowski Zone: 52.12 g/t Gold over 2.29 metres

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Red Pine Exploration Inc. (TSXV: RPX, OTCQB: RDEXF) ("Red Pine" or the "Company") is pleased to report on new results from its 2022 Phase 1 exploration program. The exploration results continue to support the expansion of current resources and the potential for additional centres of mineralization within the Wawa Gold Project.

HIGHLIGHTS

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AUGUSTA GOLD ANNOUNCES RESULTS OF ITS ANNUAL SHAREHOLDER MEETING

Augusta Gold Corp. (TSX: G) (OTCQB: AUGG) (FSE: 11B ) (" Augusta Gold " or the " Company ") announces that all matters presented for approval at Augusta Gold's annual shareholder meeting held today, as more particularly set out in the Company's Management Information Circular and Proxy Statement dated August 15, 2022 have been approved. These matters included:

Augusta Logo (CNW Group/Augusta Gold Corp.)

  • Electing each of the Company's six nominees as directors of the Company;
  • Re-appointing Davidson & Company LLP as auditors of the Company for the ensuing year and authorizing the directors to fix their remuneration; and
  • Approving the repricing of certain Company stock options.

A summary of the results for the election of the Company's directors is provided below:

Name of Nominee

Votes For

Votes Withheld

Number

%

Number

%

John Boehner

40,280,915

99.98 %

8,529

0.02 %

Lenard Boggio

40,158,112

99.67 %

131,332

0.33 %

Daniel Earle

40,158,407

99.67 %

131,037

0.33 %

Poonam Puri

40,162,485

99.68 %

126,959

0.32 %

Donald R. Taylor

40,158,252

99.67 %

131,192

0.33 %

Richard Warke

40,279,592

99.98 %

9,852

0.02 %

About Augusta Gold

Augusta Gold is an exploration and development company focused on building a long-term business that delivers stakeholder value through developing the Reward and Bullfrog gold projects and pursing accretive M&A opportunities. The Reward and Bullfrog gold projects are located in the prolific Bullfrog mining district approximately 120 miles north-west of Las Vegas, Nevada and just outside of Beatty, Nevada . The Company is led by a management team and board of directors with a proven track record of success in financing and developing mining assets and delivering shareholder value. For more information, please visit www.augustagold.com .

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/augusta-gold-announces-results-of-its-annual-shareholder-meeting-301637509.html

SOURCE Augusta Gold Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2022/30/c7150.html

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Empress Royalty Completes First Tranche of Private Placement

Empress Royalty Completes First Tranche of Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Empress Royalty Corp. (TSXV:EMPR)(OTCQB:EMPYF) ("Empress" or the "Company") is pleased to announce that it has completed the first tranche of its US$2M private placement by the issuance of 4,350,000 units at C$0.30 each for gross proceeds of US$1M with Rick Rule. The final tranche is expected to close shortly

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This document corrects and replaces in its entirety the previous release that was issued by Steppe Gold Limited earlier today, where it should have read, "The Triple Flag Gold Prepay Facility will be repaid over 6 months starting December 23, 2022 by six monthly deliveries of 500 oz of gold for a total of 3,000 oz." instead of  "December 23, 2023." The corrected release is found below and all other content within this release is unchanged:

Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is pleased to announce that it has entered into an agreement with Triple Flag International Ltd ("Triple Flag") for a short-term gold prepay facility (the "Triple Flag Gold Prepay Facility").

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Steppe Gold Announces Gold Prepayment Facility

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 Steppe Gold Limited (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) ("Steppe Gold" or the "Company") is pleased to announce that it has entered into an agreement with Triple Flag International Ltd ("Triple Flag") for a short-term gold prepay facility (the "Triple Flag Gold Prepay Facility").

One of the consequences of the zero covid policy in China and the attendant China/Mongolia border closures has been a shortage of available US dollars with banks in Mongolia. Steppe Gold sales revenue is received in Mongolian Tugrik. While most of its operating costs are also paid in local currency, we require US dollars to acquire reagents and to fund deliveries to Triple Flag. The Triple Flag Gold Prepay Facility allows Steppe Gold to continue to meet all of its obligations during this temporary market disruption.

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New Break Identifies High-Grade Gold, up to 70.60 g/t Au, via Grab Sampling at Moray

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New Break engaged Orix Geoscience Inc. ("Orix") to oversee the grab and channel sampling programs and complete detailed structural mapping of the Voyager and Fiset areas, which included taking 74 grab samples from various areas of the Moray property, including in and around the historical Trench 12, stripped by SGX Resources Ltd. ("SGX") in 2012 at the Voyager showing ("Trench 12"). The highest-grade grab sample of 70.60 grams per tonne gold ("g/t Au") was located at the south end of the main Trench 12. Five samples from New Break's program yielded assays higher than the highest 21.8 g/t Au assay from the 2012 SGX prospecting and trenching program.

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