August 23, 2011

Pacific Ridge Reports Full Exercise of August 20th Warrants

Vancouver, B.C. --- Pacific Ridge Exploration Ltd. (TSX Venture: PEX) (the "Company") reported that the Company has received $914,995 for the exercise of 6,099,967 share purchase warrants with an exercise price of $0.15 and an expiry date of August 20, 2011. The Company has also seen exercise of 20,000 warrants with an exercise price of $0.25 for receipt of proceeds in the amount of $5,000. There are 480,000 $0.25 warrants with an expiry date of September 16, 2011 that remain to be exercised. The Company has also seen exercise of 67,200 warrants with an exercise price of $0.45 for receipt of proceeds in the amount of $30,240. There are 3,878,150 $0.45 warrants with an expiry date of December 22, 2011 that remain to be exercised. The Company now has 58,892,078 common shares issued and outstanding.

John S. Brock

John S. Brock
President and CEO
Pacific Ridge Exploration Ltd.


For further information, contact:

Corporate Information
Pacific Ridge Exploration Ltd.
John S. Brock
President and CEO
Tel: (604) 687-4951
www.pacificridgeexploration.com

Investor Inquiries
G2 Consultants Corporation
NA Toll-Free: (866) 742-9990
Tel: (604) 742-9990
info@g2consultants.com

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