Vancouver, B.C. - July 24, 2008 - Pacific Ridge Exploration Ltd. (TSX Venture: PEX) (the "Company") is pleased to report that initial exploration is underway at its 100% owned Tumbler Ridge Phosphate Project located in east-central British Columbia, near the communities of Tumbler Ridge and Dawson Creek. Railroad, hydroelectric power and roads play an important role in determining positive economics for potential future production, and the Tumbler Ridge Phosphate Project is well located within existing infrastructure.
The Pacific Ridge field crew is verifying known surface deposits of phosphate mineralization through a sampling and mapping program, as well as prospecting the currently staked 100 kilometre belt of favourable host rock for new phosphate discoveries.
As reported by Pacific Ridge on May 13, 2008, several known phosphate occurrences, previously sampled by the British Columbia Department of Mines, reach average grades in excess of 20% phosphate (P2O5).
The Company is also considering acquisition of additional phosphate occurrences for its exploration portfolio.
Pacific Ridge's disclosure of a technical or scientific nature has been reviewed by Wayne J. Roberts, P.Geo and Vice-President Exploration for Pacific Ridge, a Qualified Person under the definition of National Instrument 43-101.
"John S. Brock"
John S. Brock
For further information, contact:
Pacific Ridge Exploration Ltd.
John S. Brock
Tel: (604) 604.641.2759
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that Pacific Ridge Exploration Ltd. ("Pacific Ridge") expects to occur, are forward-looking statements. Although Pacific Ridge believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.