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File: PROct52015.docx

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RED EAGLE MINING PURCHASES CB GOLD SHARES IN THE MARKET

October 2, 2015 - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) has purchased a further 466,000 
--->common shares (the "Shares") of CB Gold Inc. ("CB Gold") on certain public markets, including the TSX Venture Exchange
--->.

Red Eagle Mining has previously disclosed in its take-over bid circular in respect of its offer to acquire all of the 
--->issued and outstanding Shares of CB Gold (the "Offer"), that it may purchase Shares in the open market during the peri
--->od of the Offer. Today's highest price paid for the Shares was $0.06. An aggregate of 8,699,000 Shares have been purch
--->ased in the open market since the commencement of Red Eagle Mining's Offer on June 30, 2015 for an average price $0.06
--->1. After today's purchase, Red Eagle Mining owns a total of 88,595,665 Shares of CB Gold, representing 49% of the tota
--->l outstanding Shares of CB Gold. 

About Red Eagle Mining

Red Eagle Mining is a well-financed gold exploration and development corporation with an experienced mine-development 
--->team.  Management is focused on building shareholder value through discovering and developing gold projects with low c
--->osts and low technical risks in Colombia, a jurisdiction with prolific historic production but until recently limited 
--->modern exploration.  Red Eagle Mining is developing the 100 square kilometre historic Santa Rosa Gold Project located 
--->in the Antioquia Batholith.  Construction is underway at the fully permitted and fully financed San Ramon Gold Mine wi
--->th production expected to commence in the second half of 2016.

For further information on Red Eagle Mining Corporation please contact:

Patrick Balit
Director Corporate Development
Red Eagle Mining Corporation
Suite 920 - 1030 West Georgia Street
Vancouver, BC, V6E 2Y3
+1 778 372 2558
+1 604 360 5722 mobile
balit@redeaglemining.com 
www.redeaglemining.com        

Neither the 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. This news release includes 
--->forward-looking statements that are subject to risks and uncertainties.  All statements within, other than statements 
--->of historical fact, are to be considered forward looking.  Although the Company believes the expectations expressed in
---> such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future per
--->formance and actual results or developments may differ materially from those in forward-looking statements.  Factors t
--->hat could cause actual results to differ materially from those in forward-looking statements include market prices, ex
--->ploitation and exploration successes, continued availability of capital and financing, and general economic, market or
---> business conditions.  There can be no assurances that such statements will prove accurate and, therefore, readers are
---> advised to rely on their own evaluation of such uncertainties.  We do not assume any obligation to update any forward
--->-looking statements. This news release does not constitute an offer to sell or a solicitation of an offer to sell any 
--->securities in the United States.  The securities have not been and will not be registered under the United States Secu
--->rities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold
---> within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state secu
--->rities laws or an exemption from such registration is available.