Pacific Ridge Exploration Ltd.
TSX VENTURE : PEX

Pacific Ridge Exploration Ltd.

April 04, 2007 12:30 ET

Pacific Ridge Enters Into Investor Relations Agreement With European-Based Value Relations

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 4, 2007) -

NOT FOR DISSEMINATION TO US NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Pacific Ridge Exploration Ltd. (the "Company") (TSX VENTURE:PEX) is pleased to announce that it has entered into an investor relations agreement (the "Agreement") with Frankfurt-based Value Relations GmbH ("VR"). VR, a full service investor relations firm, was founded in 1999 and is headed by Mr. Christoph Bruning. VR will translate and disseminate the Company's news releases and act as the Company's investor relations consultant in Germany, Austria and Switzerland. In addition, VR will introduce the Company to European private investors, brokers and institutional investors, as well as coordinate and organize European corporate presentations.

Under the terms of the Agreement, the Company will pay VR a monthly fee of EUR 3,000 (Euros) for a six-month term. Pursuant to the Agreement, the Company proposes to grant incentive stock options to VR, allowing for the purchase of up to 200,000 shares in the capital of the Company for a period of two years, priced in accordance with the market. The Agreement is subject to regulatory approval.

John S. Brock, President

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or any state securities laws and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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