Spruce Ridge Resources Ltd. received the results of the first five diamond drill holes in a 10-hole program on its wholly-owned Great Burnt Copper-Gold Project in Newfoundland. The drilling was targeted at the Great Burnt Main Zone, with a view to filling gaps between previous drill holes, testing for possible extensions of the Main Zone, testing a newly identified target from a 2007 airborne EM survey, and retrieving samples for future metallurgical study prior to a planned Preliminary Economic Assessment (PEA). Results include 20.94 metres of 6.21% copper (Cu), including a 6.98 metre section grading 10.71 % Cu in drill hole GB18-05. The massive to semi- massive sulphide mineralization also carries low values in gold, silver, zinc and cobalt. Location of 2018 diamond drilling and historical drilling can be found at the end of this news release. The widths given above are core lengths. True widths have not been calculated, but are generally 20% to 30% less than core lengths at the Great Burnt deposit. The road-accessible Great Burnt copper-gold deposit comprises three separate zones of volcanogenic massive sulphide (VMS) mineralization: The Main, Lower and Stringer Zones. A 2015 NI43-101 technical report by P&E Mining Consultants identified Indicated Mineral Resources in the Main and Lower Zones of 382,000 tonnes with an average grade of 2.68% Cu, plus Inferred Mineral Resources of 663,000 tonnes averaging 2.31% Cu. A "starter pit" outlined by P&E includes an Indicated Mineral Resource of 237,000 tonnes at 2.51% Cu. The majority of the drilling that outlined the Great Burnt deposit was carried out by Asarco between 1950 and 1971, and core was not assayed for gold. Additional drilling by Celtic Minerals in 2001-2002 did include assaying for gold and zinc. Four holes drilled into the Main Zone by Spruce Ridge in 2016 yielded intercepts including (in hole GB16-09) 5.75 metres of 6.68% Cu, 0.94% Zn, 0.871 g/t Au and 6.20 g/t Ag and (in hole GB16-08) 7.50 metres of 9.45% Cu, 0.73% Zn, 0.364 g/t Au and 8.50 g/t Ag. There is however insufficient information to estimate average grades for metals other than copper.