Red Pine Exploration Inc.

2023 ESG Report

Published on January 16, 2024

Red Pine Exploration Inc. is a Canadian precious metals explorer headquartered in Toronto, Canada and primarily involved in the identification, acquisition and development of properties in Ontario, Canada. Led by an experienced management and technical team, the Company’s flagship Wawa Gold Project is located 2km southeast of the Municipality of Wawa, in Northern Ontario. The property, comprised of 7,041 hectares, hosts several former mines with a combined historic production of 120,000 oz gold at an average grade of 9 g/t gold.

Disclaimer and Forward Looking Statements

Company Profile

Organizational Profile

Name

Red Pine Exploration Inc.

Describe nature of activities, brands, products and services

Red Pine Exploration Inc. is well funded and
actively developing its key asset – the Wawa
Gold Project.

The property currently hosts a NI 43-101
resource of over 700,000 oz of gold (both
indicated and inferred) at more than 5 gpt gold,
contained between surface and 350m depth.

The Company has identified an additional 6
Exploration Targets at the Wawa Gold Project.

Over 25,000 metres was complete on the
property in 2023, with the program continuing
in 2024.

Link to Corporate Website

https://www.redpineexp.com/

Industry Classification

NAICS:
21222 Gold and silver ore mining

Market Capitalization

$0-$100Million USD

Type of Operations

Exclusively non-producing operations

Company Headquarters

Toronto, Canada

ESG Accountability

Role and Name of highest authority within company for Environment, Social and Governance strategy, programs and performance

Quentin Yarie, CEO

ESG Reporting Period

Unless otherwise noted, all data contained in this report covers the following period

From

2023-01-01

2023-12-31

Audit Status

Identify the degree to which any inputs of the report are third-party checked

Self-Declared

Red Pine's ESG report is self-declared,
however, all of the information in the report
has been disclosed to the CFO and Board of
Directors for final review prior to publishing
the report.

Financial Reporting Period

Specify the frequency of sustainability reporting

Annually

Whether Financial reporting period aligns with the period for its sustainability reporting

Specify the reporting period for its financial reporting

From

2022-08-01

2023-07-31

If financial reporting period does not align with the period for its sustainability reporting, explain the reason for this

Working with a calendar year for reporting is
much simpler to track and record all aspects of
the Environmental, Social and Corporate
Governance data.

Specify the contact point for questions about the report or reported information

Eric Steffler

Eric Steffler is the Sr. Operations Manager at
Red Pine Exploration and has been involved
with the ESG reporting since 2021.

Geographic Scope of Report

Unless otherwise noted, the data in this report covers ESG matters related to the following countries of operations

Canada

All of Red Pine's activities take place in Ontario,
Canada. The Company's office is located in
Toronto, Ontario and the the Wawa Gold
Project is located near Wawa, Ontario,
Canada.

The Wawa Gold Project is located 2 kilometres
(km) east of the Town of Wawa, Ontario and
approximately 650 km northwest of Toronto .
The Project is within the McMurray Township
(NTS 41/n14) and centered on Universal Trans
Mercator (UTM) North American 1983 Datum
(NAD83) (Zone 16N) 669,800 metres (m) east
(E) and 5,315,000 m north (N). Access is
available via Highway 101 from Wawa and the
Surluga Mine Road, a private road owned and
maintained by Red Pine.

Wawa Property with Infrastructure

Identify notable exclusions, and reference any existing or planned reports that do or will address these (e.g, assets recently divested or acquired, non-managed joint ventures, specific exploration activities, recently closed sites, etc.)

Red Pine also has a 100% interest in 22 cell
claims covering 277 hectares located
approximately 46 kms west of Matheson and
50 kms north of Kirkland Lake. During the
2023 reporting period no exploration work was
completed on this property.

Garrison-Rand Property

Fragile and Conflict-Affected Situations

Identify all of the entity's countries of operations that align with the World Bank's list of "Fragile and Conflict-Affected Situations"

None

Red Pine Exploration only operates in Ontario,
Canada.

Mineral Resource Types in Scope

Which of the following mineral resource types are covered by this report

• Inferred
• Indicated

Red Pine Exploration currently has an Inferred
and Indicated Resource on its flag ship Wawa
Gold Property located in Wawa, Ontario,
Canada

Currency

Unless otherwise noted, all financial figures referenced in this report are in the following currency

CAD

Organizational Profile

Provide a list of externally-developed economic, environmental and social charters, principles, or other initiatives to which the organization subscribes, or which it endorses, e.g., GRI, UN Global Compact

This is the third ESG report for Red Pine
Exploration. This report is aligned with the
following ESG standards.

• CDP - Carbon Disclosure Project
• GRI - Global Reporting Initiative
• GRI Comprehensive - Global Reporting
Initiative - Comprehensive
• GRI Core - Global Reporting Initiative - Lite
• GRI MM Supplement - Global Reporting
Initiative - Mining and Metals Supplement
• ICMM - The International Council on
Mining and Metals
• ISS - ISS ESG Governance Quality Score
• ONYEN - Institutional and Investor
Questions
• PRI - Principles of Responsible Investing -
UN Funded
• SASB - Sustainability Accounting Standards
Board
• SASB Modified - Sustainability Accounting
Standards Board - Modified
• UGC - UN Global Compact

Strategy

Provide a description of key impacts, risks, and opportunities,

Red Pine is currently involved in surface water
monitoring in the Parkhill and Grace-Darwin
areas of the property for any run-off that may
enter Trout Creek or eventually into the
Michipicoten River System. The monitoring
also includes the historical tails dam (Minto
Lake) and polishing pond downstream of Minto
Lake.

Red Pine has a mutually agreed upon
consultation process to identify adverse
impacts to Aboriginal and treaty rights and
engage with respect to accommodation, and to
establish a mutually beneficial, positive, and
productive relationship. In addition to
supporting consultation, Red Pine has agreed to
support the promotion of employment
opportunities for First Nations members. More
information can found in the community
relations section of this report.

Please see the reports below on surface water
monitoring. Surface water monitoring reports
are published in February of the following year.

2020 Surface Water Monitoring Report

2019 Surface Water Monitoring Report

2018 Surface Water Monitoring Report

2021 Surface Water Monitoring Report

2022 Surface Water Monitoring Report

Provide a statement from the highest governance body or most senior executive of the organization (i.e., CEO, chair, or equivalent senior position) about the relevance of sustainable development to the organization and its strategy for for contributing to sustainable development. (CEO's message for this report)

Please see the attached CEO statement.

Quentin Yarie, CEO

CEO Statement

Policy commitments

Provide a description of the organization’s policy commitments for responsible business conduct

Red Pine is committed to: honest and ethical
conduct; full, fair, accurate, timely and
understandable disclosure in the Company's
public reports and communications; and
compliance with applicable governmental laws,
rules and regulations and stock
exchange rules. The full details of our Code of
Conduct and Ethics can be found in following
the link.

Code of Conduct and Ethics

Do the commitments stipulate conducting due diligence

The current Code of Conduct and Ethics for
commitment to responsible business conduct
does not currently stipulate conducting due
diligence, but as a public company, Red Pine is
audited by a third party accounting firm 4 times
a year to make sure responsible and regulated
business practices' on the jurisdictions of
Ontario and Canada are followed.

Do the commitments stipulate applying the Precautionary Principle or Approach

Do the commitments stipulate respecting human rights

Yes

Describe the specific policy commitment to respect human rights

All policies and procedures created by the
company adhere to the employment standards
act of Ontario and the Charter of Rights and
Freedoms within Canada.

What are (if any) the internationally recognized human rights that the commitment covers

The code of conduct and ethics covers the
rights of indigenous peoples; women; national
or ethnic,
religious and linguistic minorities; children;
persons with disabilities; and migrant workers
and their families.

What are the categories of stakeholders, including at-risk or vulnerable groups, that the organization gives particular attention to in the commitment

> First Nations
> Employees
> Wawa Community
> Shareholders

Provide links to the policy commitments, if publicly available, or, if the policy commitments are not publicly available, explain the reason for this

Code of Business Conduct and Ethics Red Pine
Exploration Inc. is committed to:
a. honest and ethical conduct;
b. full, fair, accurate, timely and understandable
disclosure in the Company’s public reports and
communications; and
c. compliance with applicable governmental
laws, rules and regulations and stock exchange
rules.

Code of Conduct and Ethics

Report the level at which each policy commitment was approved within the organization, including whether this is the most senior level

Board of directors.

To what extent the policy commitments apply to the organization’s activities and to its business relationships

All business relationships equally.

Describe how the policy commitments are communicated to workers, business partners, and other relevant parties

Reviewed with all employees during there
onboarding training.

Embedding policy commitments

Describe how the organization embeds each of its policy commitments for responsible business conduct throughout its activities and business relationships

The most senior level with oversight of, or
accountability for, the implementation of the
policy commitments.

How are responsibilities allocated in order to implement the commitments across different levels within the organization

Functions of the company with day to day
responsibilities, including senior managers,
office managers, and site managers.

How are the commitments integrated into organizational strategies, operational policies, and operational procedures

As a junior mining exploration company, the
commitments are not integrated into
strategies. Site and office managers make sure
the policy documents and commitments are
regularly reviewed and shared with employees.

How does the organization implement its commitments with and through its business relationships

All business relationships at Red Pine
Exploration would follow the 3 underlaying
statements in our Code of Conduct and
Ethics. The link is provided in section 6.

What implementation training does the organization provide

All new hires by the company go through on-
board training for company health and safety,
policies and procedures and workplace safety.

Material Topics

Governance of Material Topics

Describe the process followed to determine the organization's material topics, including:

i. How has the organization identified actual and potential, negative and positive impacts on the economy, environment, and people, including impacts on their human rights, across its activities and business relationships; provide details

• Economic impact assessment
• Environmental impact assessment

Red Pine Exploration is currently in the
exploration phase of our project. Most material
topics are defined during the feasibly and socio-
environmental studies conducted when the
project matures into a development
phase. Current material issues such as
biodiversity, compliance, environmental
assessment, anti-corruption, communications,
permitting, etc. are defined by other means
currently in our corporate policies, 3rd party
environmental studies and our current 43-101.

ii. How has the organization prioritized the impacts for reporting based on their significance

Please see answer above in section i

Specify the stakeholders and experts whose views have informed the process of determining its material topics and provide details

• Shareholders and other capital providers
• Other, please specify
• Local communities
• Governments

Please see detailed answer above in section i

List the organization's material topics

• Water
• Compliance
• Training and Education
• Security Practices
• Indigenous Rights
• Local Communities
• Anti-corruption
• Anti-competitive Behavior
• Permitting

Red Pine Exploration is currently in the
exploration phase of our project. The material
topics shown at this time are obtained by
internal stakeholders and a formal materiality
analysis will be completed during a feasibility or
Environmental and Social Impact
Assessment (ESIA) process.

List the organization's non-material topics

Procurement Practices

Red Pine Exploration is currently in the
exploration phase of our project. Non-material
topics will be obtained in the future during
a formal materiality analysis which is
completed during a feasibility or ESIA process

Provide reason for considering such topics not material, provide details

Confidentiality constraints

Report changes to the list of material topics compared to the previous reporting period

Environmental impact has been included as a
material topic compared to the previous
reporting period.

Environment

General Disclosure

Compliance with laws and regulations

Report the total number of significant instances of non-compliance with laws and regulations during the reporting period, and a breakdown of this total by:

Number of instances for which fines were incurred

Number of instances for which non-monetary sanctions were incurred

Report the total number of fines for instances of non-compliance with laws and regulations that were paid during the reporting period

Report the monetary value of fines for instances of noncompliance with laws and regulations that were paid during the reporting period ($Million)

Total number of fines for instances of non-compliance with laws and regulations that occurred in the current reporting period

Total monetary value of fines for instances of non-compliance with laws and regulations that occurred in the current reporting period ($Million)

Total number of fines for instances of non-compliance with laws and regulations that occurred in previous reporting periods

Total monetary value of fines for instances of non-compliance with laws and regulations that occurred in previous reporting periods

Describe the significant instances of non-compliance

Red Pine Exploration complies with all
environment laws and regulations in our
exploration properties located in Ontario,
Canada. During the 2023 reporting period the
company was in full compliance of these laws
and regulations.

Greenhouse Gas Emissions

Scope 1

For your operations, disclose the gross global Scope1 greenhouse gas (GHG) emissions to the atmosphere of the seven GHGs covered under the Kyoto Protocol (tonne CO₂-e)

Carbon dioxide (CO₂) (tonne CO₂-e)

251.341

Methane (CH₄) (tonne CO₂-e)

0.000

Nitrous oxide (N₂O) (tonne CO₂-e)

0.000

Hydrofluorocarbon-23 (CHF₃) (tonne CO₂-e)

0.000

Hydrofluorocarbon-32 (CH₂F₂) (tonne CO₂-e)

0.000

Sulphur hexafluoride (SF₆) (tonne CO₂-e)

0.000

Nitrogen trifluoride (NF₃) (tonne CO₂-e)

0.000

Perfluoromethane (CF₄) (tonne CO₂-e)

0.000

Perfluoroethane (C₂F₆) (tonne CO₂-e)

0.000

Perfluorobutane (C₄F₁₀) (tonne CO₂-e)

0.000

Perfluorohexane (C₆F₁₄) (tonne CO₂-e)

0.000

The total amount of gross global Scope 1 GHG emissions (CO₂-e) (tonne)

251.341

The percentage of its gross global Scope 1 GHG emissions that are covered under an emissions-limiting regulation or program that is intended to directly limit or reduce emissions, such as cap-and-trade schemes, carbon tax/fee systems, and other emissions control (e.g., command-and-control approach) and permit-based mechanisms

0.0000%

The entity shall discuss its long-term and short-term strategy or plan to manage its Scope 1 greenhouse gas (GHG) emissions

Red Pine is an early exploration stage company
with emissions mainly from light passenger
vehicles, camp power generators and
contracted drill rigs. We do not have any
production assets and as such only emit small
amounts and are diligent to maintain this
standard.

Red Pine is in the process of reviewing the use
of GHG's and the best possible ways to lower
GHG emissions through the use of Solar or
Hydro power.

Carbon Offset

Credits

How much CO₂ (metric tonnes) offset credits were purchased?

0.000

What is the percentage of the offset to the total CO₂ equivalence

Does Not Apply

Where were these credits purchased from

Not Applicable

Air Emissions

Report emissions of air pollutants that are released into the atmosphere

Emissions of carbon monoxide, reported as CO (tonne)

0.000

Red Pine is currently producing emissions of
CO2 from our camp generators. Other Air
emissions are not directly monitored as they
are negligible as the Wawa Gold Project is still
at an exploration stage in development.

Air quality is a valued ecosystem component
because of its importance for visibility and its
effects on worker health and safety, as well as
for wildlife, vegetation, and water quality. Air
quality management focuses on prevention, as
this is the case Red Pine ensures heating and
cooking appliances are properly maintained
and ventilated, that all combustions and
fugitive emission sources are optimally
maintained, we reduce exhaust emissions by
eliminating unnecessary travel and use low
Sulphur fuels as much as possible.

Emissions of oxides of nitrogen (NOx), reported as NOx (tonne)

0.000

Emissions of oxides of sulphur (SOx), reported as SOx (tonne)

0.000

Emissions of Particulate Matter 10 micrometres or less in diameter (PM₁₀), reported as PM₁₀ (tonne)

0.000

Emissions of lead and lead compounds, reported as Pb (tonne)

0.000

Emissions of mercury and mercury compounds, reported as Hg (tonne)

0.000

Emissions of non-methane Volatile Organic Compounds (VOCs) (tonne)

0.000

Energy Management

Total energy consumed in aggregate, in gigajoules (GJ) (hydrocarbons and electricity) including the fuel types used (e.g., biomass, hydro-electric power or bioenergy)

12,505.000

Red Pine Exploration used the following fuel
types during the reporting period: Liquified
Petroleum Gas, Gasoline, Diesel and purchased
electricity. The slight decrease in total energy
consumed during the 2023 reporting period
was due too the exploration activities (mainly
drilling), which was slightly less than the 2022
program.

Percentage energy consumed that was supplied by grid electricity

0.0370%

Percentage of energy consumed that is renewable energy

0.0000%

Water

Water Management

Disclose the amount of water that was withdrawn from freshwater sources (in thousands of cubic meters)

0.885

Disclose the amount of water that was consumed in its operations (in thousands of cubic meters)

0.000

Was your organization subject to any fines, enforcement orders, and/or other penalties for water-related regulatory violations

Total number of instances of non-compliance, including violations of a technology-based standard and exceedances of quality-based standards

Waste Management

Disclose the total weight of tailings produced (tonne)

0.000

Red Pine is in the exploration phase of the
project, so no tailings waste is currently
generated.

Tailings Storage Facilities Management

Does your company manage Tailings Storage Facilities

The Company does not manage any active
tailings storage facilities, although there is a
historical tailings pond that is monitored under
the current Mine Closure Plan. This includes
surface water monitoring and inspections of
the dam on a bi-annual basis.

Disclose the approach to the development of Emergency Preparedness and Response Plans (EPRPs)

As the Company does not manage an active
tailings storage facility, there is no emergency
preparedness and response plan for such a
facility.

Innovation

Spending on Research, Development, and Technologies for waste management compliance and improvement

Not Applicable

Red Pine is an exploration company and
therefore Research & Development on waste
management is not applicable to our core
business. We are in full compliance with the
Municipality of Wawa's waste management
permits as well as the province of
Ontario's waste management permits.

Biodiversity

Management Plan

List the environmental and biodiversity management plan(s) implemented at active sites

Red Pine Exploration is currently in the process
of completing a Mine Closure Plan ("Plan").
Under this Closure Plan we are in the
monitoring stage of Vegetation and Lake
Biodiversity. In 2022 the closure of the Mackie
Pits was started. More details are below.

Details: The current Wawa Gold Project is a brownfield site with 8 historic gold mines on the property dating back
to the late 1800's. The Plan was in place when Red Pine Exploration acquired the property. As the property is a
brownfield site, we are in the monitoring stage of Biodiversity management which can be found in the current Plan
under the following headings:

1. Revegetation
2. Surface and Ground Water
3. Aquatic Plant and Animal Life

The full details of these items can be viewed on the link below, in Red Pine Exploration's current 43-101 under
section 4.4.

During the 2022 winter months the closure of 2 older pits on Mackie Point along the shore of Wawa Lake were
remediated. Material from the mine site was brough in to fill the pits. A second set of material was brough to the
pits in the winter of 2023 to make sure the pits are completely covered and mounded with material. During a
review of the pits in the summer of 2023, it was noticed that one pit was still open; an excavator was used in the
summer of 2023 to return to the Mackie Pits and fill the slumping. A review of the fill will be completed in the
spring of 2024.

In 2023 a new Clean Equipment policy was implement to help with Biodiversity. This policy is to help protect from
transfer invasive species around the Red Pine Wawa Gold Site and also off site to other locations in
Ontario. Currently Red Pine has not identified any specific invasive species on the Wawa Gold Property, and the
clean equipment policy will help to make sure our operations do not bring any to site.

RPX 43-101 June 2023

Clean Equipment Policy

Mackie Pit Summer 2023

1.1 Mine lifecycle stages to which the plan(s) apply

• Exploration and appraisal
• During closure
• Restoration

1.2 The topics addressed by the plan(s)

• Ecological and biodiversity impacts
• Waste generation
• Discharges to water

1.3 The underlying references for its plan(s), including whether they are codes, guidelines, standards, or regulations; whether they were developed by the entity, an industry organization, a third-party organization (e.g., a non-governmental organization, a governmental agency, or some combination of these groups)

The plan was developed by a third party non-
government organization, which was approved
by the Government of Ontario Ministry of
Northern Development and Mines, Mineral
Development and Lands Branch.

Impacts

Does access to the site involve traversing a protected area

The property can be accessed by driving 2 km
east on Highway 101 from Wawa and then
turning south onto Surluga Road using a 2-
wheel drive vehicle. During the winter months,
the main access road to the property from
Highway 101 is plowed. Areas off the main road
can be accessed by snowmobiles and
ATVs. The Surluga road is a private road owned
by Red Pine Exploration.

Do any of the entities concessions share a watershed with a protected area

Yes

The Wawa Gold Project is located in the
Michipicoten River - Magpie River
watershed, which contains the Michipicoten
Provincial Park. This is a protected Ontario
Provincial Park in Canada, which is protected
on a Cultural Heritage basis, and is not
considered a sensitive area for Flora and Fauna.

Provide context and description of site access involving traversing protected areas, and/or watersheds shared with a protected area. Include reference to measures in place to assure access, any proactive programs to support the biodiversity of the protected area, and any formal complaints or compliance issues and related steps to resolve

The property can be accessed by driving 2 km
east on Highway 101 from Wawa and then
turning south onto Surluga Road using a 2-
wheel drive vehicle. No sensitive or protected
areas need to be crossed to access the
property.

Site Access Facing East

Site Access Facing West

Site with Watersheds

Social

Scale of the Organization

Describe how the organisation defines its "Operation"

Red Pine Exploration is a junior mining
company focused on the prospecting and
exploration of precious metal resources.

Red Pine Exploration is a junior mining
company focused on the prospecting and
exploration of precious metal resources. Since
the company does not yet operate our own ore
extraction facility and therefore does not
generate any revenues or profits from their
current business, we are dependent on
investors to provided revenue for our
prospecting and exploration.

Report the total number of operations

Scale of the Organization

Report the total number of direct employees worldwide (exclude contractors)

Report the total number of male direct employees worldwide (exclude contractors)

Report the total number of female direct employees worldwide (exclude contractors)

Report the total number of contract employees worldwide

Female employees and contractors as percentage of total employees and contractors

34.2105%

Male employees and contractors as percentage of total employees and contractors

65.7895%

Non-binary employees and contractors as percentage of total employees and contractors

0.0000%

Total number of employees and contractors with gender not disclosed

Employees and contractors with gender not disclosed as percentage of total employees and contractors

0.0000%

Employee Information

Report the total number of direct employees by employment type (permanent and temporary), by gender

Total number of permanent employees

Total number of permanent employees - female

Total number of permanent employees - male

Total number of permanent employees - Non-binary

Total number of temporary employees

Total number of temporary employees - female

Total number of temporary employees - male

Total number of temporary employees - Non-binary

Report the total number of non-guaranteed hours employees by gender

Total number of non-guaranteed hours employees - female

Total number of non-guaranteed hours employees - male

Total number of non-guaranteed hours employees - Non-binary

Report the total number of employees by employment type (full-time and part-time), by gender

Report the total number of full-time employees

Report the total number of part-time employees

Total number of full-time employees - female

Total number of part-time employees - female

Total number of full-time employees - male

Total number of part-time employees - male

Total number of full-time employees - Non-binary

Total number of part-time employees - Non-binary

Total number of full-time employees - Gender not disclosed

Total number of part-time employees - Gender not disclosed

Describe the methodologies and assumptions used to compile the data

Red Pine Exploration is disclosing the total
number of contractors that have worked on the
company’s assets during the reporting period
for a total of 12 months

Are the numbers reported in head count, full-time equivalent (FTE), or using another methodology

Numbers are FTE

Are the numbers reported at the end of the reporting period, as an average across the reporting period, or using another methodology

The numbers are the end of the reporting
period

Provide contextual information necessary to understand the employment information provided

All employment information provided follows
guidelines in the Ontario Employment Standard
Act

Describe significant fluctuations, if any, in the number of employees during the reporting period and between reporting periods

There were not significant fluctuations in the
number of employees during the reporting
period.

Workers who are not employees

Report the total number of workers who are not employees and whose work is controlled by the organization

Describe the most common types of worker and their contractual relationship with the organization

Drillers for exploration on the property and
Cooks/Cleaners for the exploration camp that
we located on our Wawa Gold Property.

The type of work they perform

Drillers for exploration on the property and
Cooks/Cleaners for the exploration camp that
we located on our Wawa Gold Property.

Report the total number of contractors by employment type (permanent and temporary), by gender

Total number of permanent contractors

Total number of permanent contractors - female

Total number of permanent contractors - male

Total number of permanent contractors - Non-binary

Total number of permanent contractors - Gender not disclosed

Total number of temporary contractors

Total number of temporary contractors - female

Total number of temporary contractors - male

Total number of temporary contractors - Non-binary

Total number of temporary contractors - Gender not disclosed

Report the total number of contractors by employment type (full-time and part-time), by gender

Total number of full-time contractors - female

Total number of part-time contractors - female

Total number of full-time contractors - male

Total number of part-time contractors - male

Total number of full-time contractors - Non-binary

Total number of part-time contractors - Non-binary

Total number of full-time contractors - Gender not disclosed

Total number of part-time contractors - Gender not disclosed

Describe the methodologies and assumptions used to compile the information about workers who are not employees.

Red Pine Exploration is disclosing the total
number of contractors that have worked on the
company’s assets during the reporting period
for a total of 12 months

Is the number of workers who are not employees reported in head count, full-time equivalent (FTE), or using another methodology

FTE

Is the number of workers who are not employees reported at the end of the reporting period, as an average across the reporting period, or using another methodology

End of the reporting period.

Describe significant fluctuations, if any, in the number of workers who are not employees during the reporting period and between reporting periods

There were not significant fluctuations in the
number of employees during the reporting
period.

Turnover

Report the total number and rate of employee turnover during the reporting period, by age group, and gender

All Employees

Total number of turnover (the number that left during the period)

Rate of turnover

25.8065%

Female employees

Total number of turnover (the number of females that left during the period)

Rate of turnover, females

10.0000%

Male employees

Total number of turnover (the number of males that left during the period)

Rate of turnover, males

20.0000%

Non-binary employees

Total number of turnover (the number non-binary that left during the period)

Rate of turnover, non-binary

Does Not Apply

Turnover & Age Breakdown

Employees aged 30 years old and under

Total number of turnover (the number that left during the period)

As percent of total employees

34.2105%

Rate of turnover

24.0000%

Employees aged between 30 and 50 years old

Total number of turnover (the number that left during the period)

As percent of total employees

26.3158%

Rate of turnover

12.5000%

Employees over 50 years old

Total number of turnover (the number that left during the period)

As percent of total employees

21.0526%

Rate of turnover

14.2857%

Identify types of employees captured in the turnover rate calculations

• Full-time-equivalent only
• Employees on leave of absence or furlough

Average age of employees

Diversity and Equal Opportunity

Report the percentage of employees per employee category in each of the following diversity categories

Board of Directors

Total Board of Directors

Percent Male

80.0000%

Percent Female

20.0000%

Percent Non-Binary

0.0000%

Percent under 30 years of age

0.0000%

Percent between 30 and 50 years of age

20.0000%

Percent over 50 years of age

66.6667%

Senior Management

Total Senior Managers

Percent Male

80.0000%

Percent Female

20.0000%

Percent Non-Binary

0.0000%

Percent under 30 years of age

0.0000%

Percent between 30 and 50 years of age

60.0000%

Percent over 50 years of age

40.0000%

Salaried (excluding Senior Management)

Total Salaried (excluding Senior Management)

Percent Male

60.7143%

Percent Female

39.2857%

Percent Non-Binary

0.0000%

Percent under 30 years of age

67.8571%

Percent between 30 and 50 years of age

21.4286%

Percent over 50 years of age

10.7143%

Technical Employees (skilled hourly)

Total Technical Employees

Percent Male

66.6667%

Percent Female

33.3333%

Percent Non-Binary

0.0000%

Percent under 30 years of age

0.0000%

Percent between 30 and 50 years of age

33.3333%

Percent over 50 years of age

66.6667%

Contractors:

Total Contractors

Percent Male

50.0000%

Percent Female

50.0000%

Percent Non-Binary

0.0000%

Percent under 30 years of age

0.0000%

Percent between 30 and 50 years of age

50.0000%

Percent over 50 years of age

50.0000%

Labour Relations

Collective Bargaining Agreements

Percentage of total direct employees covered by collective bargaining agreements

0.0000%

For employees not covered by collective bargaining agreements, report whether the organization determines their working conditions and terms of employment based on collective bargaining agreements that cover its other employees or based on collective bargaining agreements from other organizations

This is based on Ontario ESA standards

Notice Periods

Minimum number of weeks’ notice typically provided to employees and their representatives prior to the implementation of significant operational changes that could substantially affect them

This is based on Ontario ESA standards

If your organization is subject to collective bargaining agreements, is the notice period and provisions for consultation and negotiation specified in those agreements

Occupational Health and Safety

Work-related Injuries

Injuries - For all employees

i. Number of fatalities as a result of work-related injury

i. Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours worked

0.000

ii. Number of high-consequence work-related injuries (excluding fatalities)

ii. Rate of high-consequence work-related injuries (excluding fatalities)

0.000

iii. Number of recordable work-related injuries

iii. Rate of recordable work-related injuries

0.000

iv. Main types of work-related injury, e.g., confined space, trips, falls, etc.

There were no fatalities, high-consequence
work-related injuries during 2023, or any other
recordable work-related injuries.

v. Number of hours worked

49,464

Lost Time Injuries (LTIs)

Lost Time Injuries Rate (LTIR)

0.000

Injuries - workers who are not employees but whose work and/or workplace is controlled by the organization

i. Number of fatalities as a result of work-related injury

i. Rate of fatalities resulting from work-related injury. Note: calculating per 200,000 hours

0.000

ii. Number of high-consequence work-related injuries (excluding fatalities)

ii. Rate of high-consequence work-related injuries (excluding fatalities)

0.000

iii. Number of recordable work-related injuries

iii. Rate of recordable work-related injuries

0.000

iv. Main types of work-related injury, e.g., confined space, trips, falls, etc.

There were no fatalities, high-consequence
work-related injuries or recordable work-
related injuries in 2023.

v. Number of hours worked

50,436

Lost Time Injuries (LTIs)

Lost Time Injuries Rate (LTIR)

0.000

Combined (Employees and non-employees, but controlled by the organization):

Total Hours Worked

99,900

Total number of all work-related injuries

Rate of work-related injuries

0.000

Total Lost Time Injuries (LTIs)

Lost Time Injuries Rate (LTIR)

0.000

Report the work-related hazards that pose a risk of high-consequence injury, including

i. How have these hazards been determined

Internal identification of high-risk activities and
equipment which could cause serious harm and
injuries. This assessment was conducted by the
HSE team.

ii. Which of these hazards have caused or contributed to high-consequence injuries during the reporting period

None.

iii. Actions taken or underway to eliminate these hazards and minimize risks using the hierarchy of controls

Daily inspections and reports, training of
personnel, and proactively identifying risks of
workload demand and capacity.

Report on actions taken or underway to eliminate other work-related hazards and minimize risks using the hierarchy of controls

Daily site inspection reports are recorded and
filed for record keeping. Equipment inspection
reports are also compiled daily.

Red Pine has identified and developed "JSA" -
Job Skills Analysis for high risk tasks to prevent
injury ie: core cutting, snowmobile use, using
chain saw use, etc.

Whether and, if so, why any workers have been excluded from this disclosure, including the types of worker excluded, e.g., short-term contractors

No workers have been excluded.

Disclose any contextual information necessary to understand how the data have been compiled, i.e., any standards, methodologies, and assumptions used

No contextual information necessary.

Safety Training

Disclose the average number of training hours provided to its workforce for health, safety, and emergency management training

Average hours of health, safety, and emergency response training for (a) full-time/direct employees

8.81

Average hours of health, safety, and emergency response training for (b) contract employees

Security, Human Rights and Rights of Indigenous People

Identify the countries of operations within the World Bank's list of “Fragile and Conflict-Affected Situations”

None

Describe the nature of any social risks, for all operating countries, that could have a material risk to operations

Red Pine Exploration operates in areas
adjacent and overlapping with Local First
Nations Michipicoten, Garden River and
Batchewana. All are engaged, and supportive of
the Wawa project.

Government of Ontario First Nations Map

The total amount of proved reserves

Percentage of probable reserves that are located in or near areas of active conflict

Does Not Apply

The total amount of probable reserves

Percentage of inferred, indicated and measured resources that are located in or near areas of active conflict

Does Not Apply

Total amount of inferred, indicated and/or measured resources

Percentage of proved reserves that are located in or near areas that are considered to be indigenous peoples’ land

Does Not Apply

The total amount of proved reserves

The total amount of probable reserves

Percentage of inferred, indicated and measured resources that are located in or near areas that are considered to be indigenous peoples’ land

100.0000%

Total amount of inferred, indicated and measured resources

700,000

The value above is noted in ounces

Describe due diligence practices and procedures with respect to indigenous rights of communities in which it operates or intends to operate

Please see attached the due diligence practices
and procedures.

Red Pine - ESG First Nations Overview

Discuss practices and list procedures while operating in areas of conflict

Red Pine Exploration does not operate in areas
of conflict.

Community Relations

Artisanal and Small-Scale Mining

Number of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site (not controlled by company/unauthorized)

Percentage of company operating sites where artisanal and small-scale mining (ASM) takes place on, or adjacent to, the site

Does Not Apply

Programs

Report on community relations programs, objectives and achievements in the past 3 years

Our objective is to develop a mutually
beneficial and respectful relationship with local
communities within the direct area of interest
(DAI) of the mineral concessions in Wawa . By
working with the communities, landowners,
and government, we strive for the mutual
recognition of the rights of these parties as a
means of empowering each one to play a core
role in planning and implementing a strategy
for achieving an economically sustainable
future for the region.

Over the 2023 calendar year Red Pine
Exploration and its staff have engaged with the
community through events that have taken
place with the Municipality and city of Wawa.

Red Pine was a proud to be a sponsor of the
41th annual Wawa Salmon Derby. The salmon
derby is a large community event which draws
crowds from northern Ontario to support the
local fishing community in the Wawa Area. Red
Pine staff also took part in the fishing derby and
sponsored the prize for the largest lake trout.

Red Pine was also able to make a large donation
through is staff members to the local Wawa
Hamper Fund. The hamper program is a
charitable organization that has been in Wawa
since the early 1960’s and is used extensively
during the holiday season to help low income
families in need with food, clothing , presents
and any other items that may be need to enjoy a
wonderful holiday season.

Wawa Hamper Fund Donation

Wawa Salmon Derby

Discuss the processes, procedures, and practices to manage risks and opportunities associated with the rights and interests of communities in areas where it conducts business

Red Pine Exploration has kept our Covid-19
policy in line with the Ontario Governments
guidelines and have updated our policy
throughout 2023.

Red Pine understands that there are many
opportunities for the company to help the local
community. Although we are a junior
exploration company with limitations on
funding for community programs, we are
actively looking for meaningful and socially
responsible ways to collaborate with the
community of Wawa, our local stakeholders
and First Nations Communities.

Risks and Opportunities

Disclose the total number of site shutdowns or project delays due to non-technical factors

Disclose the total aggregate duration (in days) of site shutdowns or project delays due to non-technical factors

Governance

Climate Change

Oversight

Is there board-level oversight of climate-related issues within your organization

Not currently, but we plan to do so within the
next two years

Responsibility

Provide the highest management-level position(s) or committee(s) with responsibility for climate-related issues

Chief Executive Officer (CEO)

Nature of primary responsibility

Both assessing and managing climate-related
risks and opportunities

Reporting

Frequency of reporting to the board on climate-related issues

As important matters arise

Incentives

Do you provide incentives for the management of climate-related issues, including the attainment of targets

No, and we do not plan to introduce them in the
next two years

Risk and Opportunity Management

Does your organization have a process for identifying, assessing, and responding to climate-related risks and opportunities

No - important but not an immediate business
priority

At this stage in our operations, we have
identified only a small number of climate-relate
risks and opportunities.

Risk Assessments

Have you identified any inherent climate-related risks with the potential to have a substantive financial or strategic impact on your business

No - not yet evaluated

Opportunity Assessments

Have you identified any climate-related opportunities with the potential to have a substantive financial or strategic impact on your business

Yes, we have identified opportunities but are
unable to realize them

In 2023 Red Pine received a formal proposal to
transition its camp from diesel to the hydro grid
in Wawa Ontario (renewable resources, hydro
dam). The proposal is beneficial for numerous
reasons including time savings for staff,
removing risks of fuel or oil leaks on site, having
stable power, and reducing GHG
emissions. The currently limiting factor of
adding the camp to the electrical grid is the
initial capital cost.

In 2022 a proposal for Solar Power on site was
reviewed and it was determined the the capital
cost of the project outweighed the benefits of
bringing solar power to site.

Strategy

Have climate-related risks and opportunities influenced your organization’s strategy and/or financial planning

Yes

In 2023, Red Pine gathered proposals to move
the camp energy from diesel to electrical. The
company will continue to evaluate the cost
feasibility of this opportunity in 2024. Red
Pine has currently started moving forward
with a proposal to move the camp the the
electrical grid in Wawa, Ontario. Similar to the
solar proposal in 2022, hydro would mitigate
and minimize the CO2 emission produced by
our Wawa Gold exploration site.

Water Management

Quality and Quantity Dependency

Rate the importance (current and future) of freshwater quality and quantity to the success of your business

Direct use importance rating

Important

Indirect use importance rating

Important

Rate the importance (current and future) of sufficient quantity of recycled, brackish and/or produced water for the success of your business

Direct use importance rating

Have not evaluated

Indirect use importance rating

Have not evaluated

Risk Assessments

Does your organization undertake a water-related risk assessment

Yes, water-related risks are assessed

The company reviews all water usage on site,
including what is used for exploration drilling
and in our explorations camps. Risks are
assessed for spills from black water in our camp
to turbidity and erosion related risks from the
expelled water during our exploration drilling.

Select the options that best describe your procedures for identifying and assessing water-related risks

i. Coverage

Full

ii. Risk Assessment Procedure

Water risks are assessed in an environmental
risk assessment

iii. Frequency of Risk Assessment

Annually

iv. How far into the future are risks considered

1 to 3 years

Have you identified any inherent water-related risks with the potential to have a substantive financial or strategic impact on operations

Opportunity Assessments

Have you identified any water-related opportunities with the potential to have a substantive financial or strategic impact on your business

Responsibility

Provide the highest management-level position(s) or committee(s) with responsibility for water-related issues

Chief Executive Officer (CEO)

Policy

Does your organization have a documented water policy

No, but we plan to develop one within the next
2 years

Red Pine is currently developing a water policy
that is described in the section below

Select the options that best describe the scope and content of your organizations' water policy

• Commitment to align with public policy
initiatives, such as the Sustainable
Development Goals (SDGs)
• Commitment to safely managed Water,
Sanitation and Hygiene (WASH) in the
workplace

Reporting

Frequency of reporting to the board on water-related issues

As important matters arise

Incentives

Do you provide incentives to C-suite employees or board members for the management of water-related issues

No, and we do not plan to introduce them in the
next two years

Strategy

Are water-related issues integrated into any aspects of your long-term strategic business plan

No, water-related issues were not reviewed
and there are no plans to do so

At this time Red Pine does not consider water-
related issues to be material based on is current
activities.

Governance structure and composition

Describe its governance structure, including committees of the highest governance body; e.g., the Board of Directors, the Executives, the Board Environment Committee, Board Safety Committee, the Advisory Committee, etc.

Red Pine Exploration’s Board of Directors is
responsible for the strategic supervision and
direction of The Company. The Board is
composed of 5 directors, each with a specific
and strategic level of expertise beneficial to the
business of the Company.

The Board has determined that a majority of
the Directors will be “independent” as defined
by applicable Canadian laws and regulations as
well as the rules of relevant stock exchanges.

The CEO is appointed by the Board and tasked
with achieving the strategic objectives of the
company and its operational priorities.

Board of Directors Mandate

Board Organization Chart

List the committees of the highest governance body that are responsible for decision making on and overseeing the management of the organization’s impacts on the economy, environment, and people; e.g., the Board of Directors, the Executives, the Board Environment Committee, Board Safety Committee, the Advisory Committee, etc

Red Pine's Technical Committee mandate is to
assist the Board of Directors of the Company in
reviewing its oversight responsibilities with
respect to:
a) Technical matters relating to exploration,
development and permitting of the
Corporation’s exploration and development
activities;
b) Review Resource and Reserve information
on the Corporation’s properties; and,
c) Monitoring of systems for managing health
and safety, environmental and risk
management matters.

Technical Committee Mandate

Delegation of responsibility for managing impacts

Describe whether the highest governance body has appointed any senior executives with responsibility for the management of organization’s impacts on the economy, environment, and people e.g., is it part of the Governance structure of the company, the CFO or internal audit reporting to the Board

Yes

Describe whether the highest governance body has delegated responsibility for the management of impacts to other employees;

CEO Quentin Yarie is responsible for all
economic, environmental and social topics and
tasked with reporting to the Board of Directors,
including its Technical Committee.

Consultation Process

Report the processes for consultations between stakeholders and the highest governance body on economic, environmental and social topics, e.g., for most mining companies it would be the executives and operations and not the Board, and if delegated, explain how

CEO Quentin Yarie is responsible for all
economic, environmental and social topics and
tasked with reporting to the Board of Directors,
including its Technical Committee.

Governance structure and composition

Describe the composition of the highest governance body and its committees by

Number of executive members

Number of non-executive members

Number of independent members

Less than 3 years of tenure of members on the governance body

3-6 years of tenure of members on the governance body

6-9 years of tenure of members on the governance body

More than 10 years of tenure of members on the governance body

Number of other significant positions and commitments held by each member, and the nature of the commitments

Five of our board directors hold significant
positions and commitments in other
organizations as disclosed in the link below.

Red Pine Exploration Management Body

Number of Male governance body members

Number of Female governance body members

Number of members from under-represented social groups

Description of competencies relating to economic, environmental, and social topics

Please see attached document for a description
of the ESG competencies of the board.

Board ESG competencies

Description of stakeholder representation

Red Pine is a Canadian exploration and
development company. Its stakeholder
representation consists of employees and
contractors, service suppliers, local community
supply and services, and our shareholders and
providers of capital.

Capital Structure

Board Diversity

Do you have a diversity policy and if so, provide details, link to the policy or attach the file

Please see attached Board Diversity Policy

Board Diversity Policy

Chair of the highest governance body

Is the chair of the highest governance body is also a senior executive in the organization

Conflicts of Interest

Describe the processes for the highest governance body to ensure that conflicts of interest are prevented and mitigated

Directors, officers, employees and any
consultants must notify the Chair of the Audit
Committee of the existence of any actual or
potential conflict of interest for the purpose of
developing a means for the ethical handling of
that situation.

Conflicts of Interest

Report whether conflicts of interest are disclosed to stakeholders, including, as a minimum, conflicts of interest relating to

Yes

Cross-board membership

Yes

Cross-shareholding with suppliers and other stakeholders

Yes

Existence of controlling shareholder

Yes

Related parties, their relationships, transactions, and outstanding balances

Yes

Collective knowledge of highest governance body

Report measures taken to advance the collective knowledge, skills, and experience of the highest governance body on sustainable development., e.g., board training

The Management and Board of Red Pine
Exploration are in the process of reviewing
existing policies and developing appropriate
reference to updating these policies and
procedures.

Evaluation of Highest Governance Body

Describe actions taken in response to the evaluations, including changes to the composition of the highest governance body and organizational practices

The Company is currently developing a more
comprehensive ESG strategy.

Transparency

Describe the role of the highest governance body and of senior executives in developing, approving, and updating the organization’s purpose, value or mission statements, strategies, policies, and goals related to sustainable development

Management and The Board of Red Pine are
continually reviewing existing policies and
updating them for the 2024 report.

Describe the role of the highest governance body in overseeing the organization’s due diligence and other processes to identify and manage the organization’s impacts on the economy, environment, and people

At present, Red Pine's CEO and senior
management team reports to the board on
economic, environmental and social topics. The
Company is currently establishing a formal
process of due diligence with appropriate
incorporation of ESG related matters.

Describe whether and how the highest governance body engages with stakeholders to support these processes

Yes

Economic, environmental and social impacts,
risks and opportunities are handled by the
management team reporting directly to the
CEO.

Describe how the highest governance body considers the outcomes of these processes

These processes would be used to consider the
outcomes of baseline studies, engagement
surveys or meetings with community leaders
when assessing permitting and license's to
operate a mine. At the current time these
processes are not undertaken, but would come
into affect during a PEA.

Ethics

Describe the management system and due diligence procedures for assessing and managing corruption and bribery risks internally and associated with business partners in its value chain

Red Pine Exploration's Board and Audit
Committee have established the standards of
business conduct contained in the Code of
Conduct and Ethics and oversee its compliance.

The Chair of the Audit Committee ensures
adherence to the Code.

Directors, officers, employees and consultants
are required to report in writing, any known or
suspected violations of laws, governmental
regulations or this Code to the Chair of the
Audit Committee of our Board.

The Chair of the Audit Committee or his/her
designee will investigate any reported
violations and, if warranted, will determine an
appropriate response, including corrective
action and preventative measures, involving
the Chair of the Audit Committee or Chief
Executive Officer when required.

All reports will be treated confidentially to
every extent possible. We do not permit any
retaliation against a director, officer, employee
or consultant who acts in good faith in
reporting any violation.

Code of Conduct and Ethics

Disclosure Policy

Whistleblower Policy

Report net production from activities located in the countries with the 20 lowest rankings in Transparency International’s Corruption Perception Index (CPI) (Saleable tonne)

Remuneration

Describe how the remuneration policies for members of the highest governance body and senior executives relate to their objectives and performance in relation to the management of the organization’s impacts on the economy, environment, and people

Red Pine has linked a portion of its
management bonus to its Health and Safety
performance.

How the views of stakeholders (including shareholders) regarding remuneration are sought and taken into consideration

Red Pine's Compensation Committee is tasked
with reviewing compensation policies and
practices. The Company may request to meet
separately with compensation consultants or
stakeholders as a means to seek out external
views regarding remuneration.

Report the results of votes of stakeholders (including shareholders) on remuneration policies and proposals, if applicable

The Company does not have the practice of
allowing shareholders to vote on executive
compensation at this time.

Stakeholder Engagement

Report the purpose of the stakeholder engagement

The Company’s primary focus for Stakeholder
engagement is to ensure that we regularly
communicate with all stakeholders including
communities surrounding our projects,
shareholders, and others impacted by the
company and its projects. We strive to maintain
strong relationships and address any concerns
or issues that might arise through in-person
meetings, regularly scheduled meetings with
shareholders, our grievance mechanism and
whistleblower policies, and the publication of
information on our website.

Tax

Describe the approach to stakeholder engagement and management of stakeholder concerns related to tax, including:

i. The approach to engagement with tax authorities

Red Pine complies with its quarterly and annual
tax filing requirements.

ii. The approach to public policy advocacy on tax

Red Pine does not engage in tax advocacy.

iii. The processes for collecting and considering the views and concerns of stakeholders, including external stakeholders

Red Pine publishes financial statements and
contact information for external stakeholder
comments.



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