VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 12, 2011) - Pacific Ridge Exploration Ltd. (News - Market indicators) (the "Company") reported that it has granted incentive stock options under its 10% rolling stock option plan to officers and consultants of the Company to purchase a total of 45,000 common shares at $0.30 per share exercisable until May 12, 2016. The options vest as to 50% on the date of grant and 50% in one year, subject to the terms and conditions of the Company's stock option plan. The options are subject to acceptance for filing by the TSX Venture Exchange.

On behalf of the Board of Directors,

John S. Brock, President

Pacific Ridge Exploration Ltd.