Ridgestone Mining Appoints Richard Savage to the Advisory Board

Vancouver, January 7, 2020 - Ridgestone Mining Inc. (TSXV: RMI) (OTCQB: RIGMF) ("Ridgestone Mining") is pleased to announce the appointment of Mr. Richard Savage to the Company's Advisory Board.

Mr. Savage began his career as an Investment Advisor at Yorkton Securities (subsequently Richardson GMP) in 1988 and remained there for 28 years. During it's time, Yorkton Securities was one of the leading mining and technology investment firms in Canada and Mr. Savage was consistently one of the firm's top producing wealth advisors. Throughout his career he served and managed a diverse client base of over 2000 accounts and was responsible for raising funds for Initial Public Offerings, Private Placements and Capital Pool Companies.

Mr. Savage is a philanthropist and believes in giving back to the community. He served on The Macquarie Group Foundation's Board of Directors from 2009 to 2012 and was a former Director of Artists for Kids, which provides art education for the children of British Columbia, for over 20 years. In addition, he has served as Vice Chairman for the past 10 years of The Gordon and Marion Smith Foundation, which supports and encourages community engagement in the arts.

Jonathan George, Ridgestone's Chief Executive Officer and President, commented: "We are excited and fortunate to welcome Richard to our Advisory Board. His wealth of capital markets experience and more specifically his involvement in financing the mining sector significantly complements the skill set of our existing board and management team members. We look forward to his valuable input and advice in the exciting development of our Rebeico gold-copper project in Mexico."

Richard Savage commented: "I look forward to joining the highly experienced and accomplished Ridgestone mining team and help the company reach its potential. The Rebeico property is located in a prolific mining resource area in Mexico and I will utilize my experience and resource network to help maximize value for Ridgestone's shareholders."

About Ridgestone Mining Inc.

Ridgestone is a TSX Venture Exchange-listed junior mineral exploration company with offices in Taipei and Vancouver, B.C. The Company's focus is on precious metals and copper in Sonora, Mexico, and specifically the Rebeico Gold-Copper project.

For further information, please contact:

MarketSmart Communications Inc.

Telephone: 877-261-4466

info@marketsmart.ca

This news release contains forward-looking statements or information (collectively referred to herein as "forward-looking statements"). Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements and are not guarantees of future performance of the Company. In this news release such statements include but are not limited to any ongoing drilling programs or exploration results, or any results from the MarketSmart program. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including those described in the Company's regulatory filings available on www.sedar.com. Should one or more of these risks or uncertainties materialize, or should any of the Company's assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements. Readers are cautioned that the foregoing list of risks, uncertainties and other factors is not exhaustive. Unpredictable or unknown factors not discussed could also have material adverse effects on forward-looking statements. The impact of any one factor on a particular forward-looking statement is not determinable with certainty as such factors are dependent on other factors, and the Company's course of action would depend on its assessment of the future considering all information then available. All forward-looking statements in this news release are expressly qualified in their entirety by these cautionary statements. Except as required by law, the Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/51167