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Wednesday 11-19-2008   2:30pm


A Diversified
Minerals Portfolio

PACIFIC RIDGE EXPLORATION (TSX V: PEX) is engaged in both grass roots and advanced-stage exploration for phosphate, uranium and copper-gold. A large-scale phosphate exploration project, acquired in 2008 in east-central British Columbia, has now seen a preliminary phase of exploration leading to identification of drill targets.

At the Baker Basin Uranium project in southern Nunavut, where Pacific Ridge has spent approximately $7.3 million to drill-confirm several uranium deposits, Aurora Energy Resources Inc. (AXU-T), has the option to spend the next $15 million to earn a 51% interest in the project.

Pacific Ridge is also proposing a joint venture of its Fyre Lake copper-gold-cobalt massive sulphide project in the Yukon where a $6 million exploration program has outlined an open-ended deposit with potential for resource expansion.

Corporate objectives include continued building of a minerals portfolio consisting of a diversity of commodities and risk sharing with strong partners.