Ridgestone Mining — Capital/Financing Update 2020

Apr 18, 2020

TSX.V: RMI OTCQB: RIGMF

Ridgestone Mining Inc. Announces Issuance of Shares for Debt and Enters into Investor Relations Agreement with MarketSmart

VANCOUVER, BC / April 17, 2020 / Ridgestone Mining Inc. (TSX.V: RMI) (OTCQB: RIGMF) (" Ridgestone Mining ") announces that it has received TSX Venture Exchange (" TSX-V ") approval to issue 700,000 common shares of Ridgestone Mining at a deemed price of $0.15 per share (the " Shares "), as payment to Leede Jones Gable Inc. (" Leede ") to settle an aggregate amount of $105,000 that was due to Leede for consulting services fees accrued pursuant to a consulting agreement dated November 1, 2019. The Shares are subject to a four month hold period expiring on August 16, 2020.

Ridgestone Mining has retained the services of MarketSmart Communications Inc. (" MarketSmart "), a Vancouver based corporate communications company. MarketSmart will work to develop and implement a strategic corporate communications program to increase visibility and exposure for Ridgestone Mining among industry stakeholders and investors across Canada. MarketSmart has been in operation since 2002.

In connection with the engagement, which is subject to TSX-V approval, MarketSmart has been awarded a one year investor relations contract effective April 1, 2020. Pursuant to the terms of the contract, MarketSmart will be paid $6,000 + GST per month.

About Ridgestone Mining Inc.

Ridgestone Mining is a TSX Venture Exchange-listed junior mineral exploration company with offices in Vancouver, B.C. and Taipei. Ridgestone Mining's focus is on precious metals and copper in Sonora, Mexico, and specifically the Rebeico Gold-Copper project.

For further information, please contact:

MarketSmart Communications Inc. Telephone: 877-261-4466 info@marketsmart.ca

This news release contains forward-looking statements or information (collectively referred to herein as "forward-looking statements"). Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements and are not guarantees of future performance of the Company. In this news release such statements include but are not limited to any ongoing drilling programs or exploration results. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the

RIDGESTONE MINING INC. info@ridgestonemining.com 606 – 666 Burrard Street, Vancouver, BC V6C 3P6 www.ridgestonemining.com

TSX.V: RMI OTCQB: RIGMF

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Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including those described in the Company's regulatory filings available on www.sedar.com. Should one or more of these risks or uncertainties materialize, or should any of the Company's assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements. Readers are cautioned that the foregoing list of risks, uncertainties and other factors is not exhaustive. Unpredictable or unknown factors not discussed could also have material adverse effects on forward-looking statements. The impact of any one factor on a particular forward-looking statement is not determinable with certainty as such factors are dependent on other factors, and the Company's course of action would depend on its assessment of the future considering all information then available. All forward-looking statements in this news release are expressly qualified in their entirety by these cautionary statements. Except as required by law, the Company assumes no obligation to update forwardlooking statements should circumstances or management's estimates or opinions change.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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RIDGESTONE MINING INC. info@ridgestonemining.com 606 – 666 Burrard Street, Vancouver, BC V6C 3P6 www.ridgestonemining.com