Pacific Ridge Exploration Ltd.

Pacific Ridge Exploration Ltd.

September 13, 2011 09:26 ET

Pacific Ridge Reports Full Exercise of September 16th Warrants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2011) - Pacific Ridge Exploration Ltd. (TSX VENTURE:PEX) (the "Company") reported that it has received $125,000 from the exercise of 500,000 share purchase warrants with an exercise price of $0.25 and an expiry date of September 16, 2011.

Recently the Company announced the exercise of 6,099,967 share purchase warrants at a price of $0.15 for proceeds of $914,995 as well as the exercise of 67,200 share purchase warrants priced at $0.45 for proceeds of $30,240 (see August 23, 2011 news release). There are 3,878,150 share purchase warrants that remain to be exercised at an exercise price of $0.45 and an expiry date of December 22, 2011. The Company currently has 59,372,078 common shares issued and outstanding.

John S. Brock, President and CEO

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