Vancouver, B.C. - June 9, 2009 - Pacific Ridge Exploration Ltd. (TSX Venture: PEX) reports that the company has staked 212 mineral claims comprising three properties containing gold exploration targets in proximity to a gold discovery reported by Underworld Resources Ltd. on their White Gold Property located in the Yukon's Klondike south of Dawson City.
Pacific Ridge's gold target selections have been based on review of historic exploration data in the company's files as well as management's prior experience in the region that dates back to 1969.
Pacific Ridge will report further after additional property acquisitions may be completed and details of the company's 2009 Klondike exploration program are finalized.
The company's working capital as at March 31, 2009 was $ 939,400.
"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.