RE:New Press Release - Pacific Ridge Closes First Tranche of Financing; Raises $1.68 Million for Inaugural Drill Program at Chuchi Copper-Gold Project In B.C."The Company intends to use the proceeds raised from this Financing for general working capital and for a diamond drill program at the Chuchi copper-gold project (“Chuchi” or the “Project”) in B.C. Pacific Ridge plans to drill 2,400 m at the Project this year. This will be the Company's first ever drill program at Chuchi. Pacific Ridge believes that the Project has significant, untested potential for porphyry copper-gold mineralization at depth as many of the historic drill holes were shallow, less than 150 m in depth, and ended in mineralization. The drill program is expected to commence mid-August."