Mr. Patrick Balit reports

RED EAGLE MINING ANNOUNCES EXPLORATION DISCOVERY AT THE SANTA ROSA GOLD PROJECT

Red Eagle Mining Corp. has released results to date from the continuing exploration drilling program at the 100-per-cent-owned 100-square-kilometre Santa Rosa gold project, Antioquia, Colombia. A total of 8,268 metres have been drilled in 22 core holes from eight widely spaced platforms spread over several new target zones within a four-square-kilometre area to the west of the San Ramon gold deposit. The new targets are all located within five kilometres of the completed Santa Rosa mill. Highlights from the program include the following intersections:

• PL-007 -- 1.00 metre at 42.09 grams per tonne gold from 119.30 m downhole (Luis Bran zone);
• PL-007 -- 0.55 m at 73.47 g/t Au from 252.15 m downhole (Luis Bran zone);
• PL-018 -- 0.73 m at 40.16 g/t Au from 202.37 m downhole (Canada Rica zone);
• PL-020 -- 0.50 m at 29.20 g/t Au from 225.30 m downhole (Guacamaya zone);
• PL-020 -- 0.50 m at 36.19 g/t Au from 397.65 m downhole (Guacamaya zone);
• PL-021 -- 0.50 m at 26.40 g/t Au from 305.40 m downhole (Guacamaya zone).

Results from the exploration drilling are very encouraging and confirm the existence of numerous high-grade gold veins distributed throughout the western sector of the large Santa Rosa gold project and notably within trucking distance of the Santa Rosa mill. The gold mineralized veins are hosted in competent granodiorite and extend to surface.

For complete drilling results, please see tables and figures available on Red Eagle Mining's website. Drill assays were composited by length-weighted averaging into intersections using a two g/t Au cut-off grade. For photographs of the drill core see Red Eagle Mining's flickr.

Quality assurance and quality control

All technical information for Red Eagle Mining's Santa Rosa gold project is obtained and reported under formal quality assurance and quality control procedures and guidelines. Red Eagle Mining's procedures are designed to meet or exceed Canadian Institute of Mining, Metallurgy and Petroleum best practice guidelines and National Instrument 43-101. QA/QC protocols for drill core sampling and assaying include the insertion and monitoring of appropriate reference materials (certified standards, blanks and duplicates) to validate the accuracy and precision of the assay results.

All drilling samples were collected with a diamond core drilling rig using approximately one-metre sample intervals following industry standard practice. Activation Laboratories Ltd. prepared and assayed the samples at its laboratory in Medellin, Colombia. Fire assay for Au (using a 50-gram sample) with an AAS finish was carried out routinely on all samples submitted. For all samples which returned initial Au fire assays of greater than five g/t, a second fire assay for Au was performed (also using a 50-gram sample) with a gravimetric finish.

The technical information contained in this news release has been reviewed and approved by Red Eagle Mining's vice-president, exploration, Jeff Toohey, PEng, who is a qualified person as defined under National Instrument 43-101.

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 historic 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.

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