Mr. Patrick Balit reports

RED EAGLE MINING RIGHTS TRADING

Red Eagle Mining Corp.'s common shares are now trading on the Toronto Stock Exchange on an ex-rights basis. Rights to acquire units of Red Eagle Mining are now trading on the TSX under the symbol R.RT.

All eligible holders (residents of each of the provinces and territories of Canada, along with all other jurisdictions outside of the United States) as at the close of business on July 5, 2017, have received one right for every common share held. The notice of rights offering and related rights certificates are being mailed to all registered holders (excluding shareholders who are resident of the United States, who will receive instructions on how to exercise their rights). Shareholders who own their shares through an intermediary, such as a bank or broker, will receive materials and instructions from their intermediary.

For every two rights the holder will be entitled to subscribe for one unit at a subscription price of 35 cents per unit until Aug. 4, 2017. Each unit will consist of:

• One share of Red Eagle Mining;
• One transferable share purchase warrant exercisable into one share of Red Eagle Mining at a purchase price of 50 cents per share for a period of five years from the issue date. The warrants will be listed for trading on the TSX subject to fulfilling the TSX minimum listing conditions.

Eligible holders of rights, who fully exercise their rights, will be entitled to subscribe, on a pro rata basis with other shareholders who participated in the oversubscription, for units that have not been purchased under the rights offering.

A rights offering was chosen to give the opportunity to all existing shareholders to participate. Major shareholders Liberty Metals & Mining Holdings LLC, Vertex Value Fund and Orion Mine Finance have informed Red Eagle Mining that they intend to fully exercise their rights, which will result in gross proceeds to Red Eagle Mining from these shareholders of approximately $16-million under the rights offering.

Any questions regarding the rights offering may be directed to the company's information agent, Laurel Hill Advisory Group, at 1-877-452-7184 (North American toll-free) or 1-416-304-0211 (collect calls) or by e-mail.

About Red Eagle Mining Corp.

Red Eagle Mining is a gold producer focused on building shareholder value through acquiring, developing and operating gold projects in Colombia, a jurisdiction with prolific historical production but, until recently, limited modern exploration. Red Eagle Mining owns 100 per cent of the Santa Rosa gold project, where the San Ramon gold mine has commenced production. Red Eagle Mining also controls Red Eagle Exploration Ltd., which owns 100 per cent of the Vetas gold, California gold and Santa Ana silver projects and is actively consolidating additional high-grade precious metal deposits in Colombia.

We seek Safe Harbor.