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Rockridge Resources Ltd. Capital/Financing Update 2020

Jul 17, 2020

47417_rns_2020-07-17_7c3f3cc2-0254-4c07-ad8d-d9ae4169ee68.pdf

Capital/Financing Update

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Suite 1610 – 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y1K4

TSX-V Trading Symbol: ROCK Email: [email protected]

Telephone: (604) 687-3376 Facsimile: (604) 687-3119

July 17[th] , 2020

NEWS RELEASE

Rockridge Resources Grants Stock Options

Vancouver, BC – Rockridge Resources Ltd. (TSX-V: ROCK) (“Rockridge”) (the “Company”) announces, pursuant to its stock option plan, that the Company has granted incentive stock options to its directors, officers, employees and consultants to purchase up to an aggregate of 1,500,000 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $0.175 per share. The Company's 10% rolling stock option plan was approved by the shareholders at the Annual General Meeting of the Company held in 2019.

About Rockridge Resources Ltd.:

Rockridge Resources is a publicly traded mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties in Canada and other mining-friendly jurisdictions. The Company’s Raney Gold Project is a high-grade gold exploration project located in the same greenstone belt that hosts the world-class Timmins and Kirkland Lake lode gold mining camps. The Company's Knife Lake Project is in Saskatchewan, which is ranked as the #3 mining jurisdiction in the world by the Fraser Institute. The project hosts the Knife Lake deposit, which is a VMS, near-surface copper-cobalt-gold-silver-zinc deposit open along strike and at depth. Rockridge’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Additional information about Rockridge Resources and its project portfolio can be found on the Company’s website at www.rockridgeresourcesltd.com.

Rockridge Resources Ltd. “Grant Ewing”

Grant Ewing CEO

For further information contact myself or:

Jordan Trimble, President or Nick Coltura, Corporate Communications

Rockridge Resources Ltd. Telephone: 604-687-3376

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Facsimile: 604-687-3119

Toll Free: 800-567-8181 Email: [email protected]

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Forward Looking Information

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forwardlooking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.