PEX Pacific Ridge Exploration Ltd

Pacific Ridge Exploration Ltd. (TSX VENTURE:PEX) (the "Company") reports today
that at the Mariposa gold property, located within the Yukon's White Gold
District, the 2012 exploration field work came to a close in early October. This
year, the fourth year of exploration at Mariposa, saw 2448 metres of diamond
drilling completed in 14 holes within the Skookum Jim and Big Alex target areas.
Approximately 800 metres of trenching tested 15 gold-in-float zones within the
Skookum Jim Main and West targets. Over 3,000 soil and silt samples were
collected, largely from the eastern regions of the 262 kilometre square Mariposa
property. Mariposa 2012 exploration expenditures to date are in the order of
$1.7 million. Cash working capital is currently $ 900,000.


During the week of October 8th Pacific Ridge will release this season's Mariposa
drilling results, which report will then be followed by trenching results at a
later date.


On September 21, 2012, Janice L. Fingler, M.Sc., P.Geo., resigned from her
position as Vice President Exploration effective September 25, 2012. The
Company's Board of Directors has accepted Ms. Fingler's resignation and wishes
her well in her future endeavors.


Pacific Ridge's disclosure of a technical or scientific nature in this press
release has been reviewed and approved by Jerry Solomon, M.Sc., P.Geol., who
serves as a Qualified person under the definition of National Instrument 43-101.


On behalf of the Board of Directors,

John S. Brock, President

Pacific Ridge Exploration Ltd.

Forward-Looking Information

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. This news release uses the terms
"inferred resource", "indicated resource" and "mineral resource". Pacific Ridge
Exploration Ltd. (the "Company") advises investors that although these terms are
recognized and required by Canadian securities regulations (under National
Instrument 43-101 "Standards of Disclosure for Mineral Projects"), the US
Securities and Exchange Commission does not recognize these terms. Investors are
cautioned not to assume that any part or all of the mineral deposits in these
categories will ever be converted into reserves. In addition, "inferred
resources" have a great amount of uncertainty as to their existence, and
economic and legal feasibility. It cannot be assumed that all or any part of an
Inferred Mineral Resource will ever be upgraded to a higher category. Under
Canadian rules, estimates of Inferred Mineral Resources may not form the basis
of feasibility or pre-feasibility studies, or economic studies except for a
Preliminary Assessment as defined under NI 43-101. Investors are cautioned not
to assume that part or all of an inferred resource exists, or is economically or
legally mineable. Pacific Ridge's disclosure of a technical or scientific nature
in this press release has been reviewed and approved by Janice Fingler, P.Geo.,
Vice President Exploration of Pacific Ridge, who serves as a Qualified Person
under the definition of National Instrument 43-101.

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