Greenridge Exploration Closes Flow-Through Private Placement Financing

VANCOUVER, British Columbia, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3 | OTCQB: GXPLF), announces that further to its December 1, 2025 news release, the Company has closed its non-brokered private placement of flow-through units (each, a "FT Unit") for aggregate gross proceeds of $2,035,977.65 (the "Offering"). The Company has issued 5,817,079 FT Units at a price of $0.35 per FT Unit, with each FT Unit comprised of one (1) common share of the Company (each, a “Common Share”) issued on a flow-through basis under the Income Tax Act (Canada) (each, a “FT Share”) and one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one Common Share of the Company at a price of $0.40 for a period of 24 months from the date of issuance.