Mr. Patrick Balit reports

RED EAGLE MINING FILES PRELIMINARY BASE SHELF PROSPECTUS

Red Eagle Mining Corp. has filed a shelf prospectus for up to $100-million with the securities regulatory authorities in each of the provinces of Canada, other than Quebec.

The prospectus will allow Red Eagle Mining to offer up to an aggregate initial offering price of $100-million of certain common shares, convertible securities or a combination of such securities in amounts, at prices and on terms to be determined based on market conditions over the 25-month period following the date Red Eagle Mining obtains regulatory approval for the prospectus. The net proceeds from the sale of any securities will be used for purposes as set out in the applicable prospectus supplement.

A copy of the prospectus can be found on SEDAR or may be obtained from Red Eagle Mining upon written request.

About Red Eagle Mining

Red Eagle Mining is a gold producer with an experienced mine operations and development team. Management is focused on building shareholder value through acquiring and developing gold projects with low costs and low technical risks 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 CB Gold, which owns 100 per cent of the Vetas gold and Santa Ana silver projects and is actively consolidating additional high-grade precious-metal deposits in Colombia.

We seek Safe Harbor.