Mr. Jay Roberge reports

RED OAK MINING CORP. ANNOUNCES PRIVATE PLACEMENT

Red Oak Mining Corp. has negotiated a non-brokered private placement for total gross proceeds of up to $150,000. The private placement will consist of up to one million units at a price of 15 cents per unit. Each unit will comprise one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one common share for a period of two years at a price of 20 cents. Proceeds of the private placement will be used for general working capital.

The private placement is subject to the acceptance of the TSX Venture Exchange.