Pacific Ridge Exploration Ltd.

Pacific Ridge Exploration Ltd.

May 12, 2011 20:10 ET

Pacific Ridge Grants Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2011) - Pacific Ridge Exploration Ltd. (TSX VENTURE:PEX) (the "Company") reported that it has granted incentive stock options under its 10% rolling stock option plan to officers and consultants of the Company to purchase a total of 45,000 common shares at $0.30 per share exercisable until May 12, 2016. The options vest as to 50% on the date of grant and 50% in one year, subject to the terms and conditions of the Company's stock option plan. The options are subject to acceptance for filing by the TSX Venture Exchange.

On behalf of the Board of Directors,

John S. Brock, President

Pacific Ridge Exploration Ltd.

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 release.

Contact Information