Pacific Ridge Exploration Ltd. (the "Company") is pleased to announce that it has entered into an agreement (the "Agreement") with the Los Angeles area firm National Media Associates ("NMA") to conduct media awareness programs on behalf of the Company. Headed by Mr. George Duggan, NMA is a long-term media-relations specialist in the natural resource and gold exploration sectors. Under the terms of the Agreement, the Company will pay NMA a monthly fee of US$1,500 for a six-month term, subject to cancellation after the first four months of service, with possibility of renewal by mutual consent after the initial term. Pursuant to the Agreement, the Company proposes to grant incentive stock options to NMA, allowing for the purchase of up to 200,000 shares in the capital of the Company for a period of two years, priced in accordance with the market. The Agreement is subject to regulatory approval.
"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.