Mr. Patrick Balit reports

RED EAGLE MINING INTERSECTS 4.75 METRES AT 20.3 GRAMS GOLD PER TONNE BELOW THE CURRENT RESOURCE EXTENDING VERTICAL EXTENT

Red Eagle Mining Corp. has released results from continuing underground delineation drilling at the San Ramon gold mine, Santa Rosa gold project, Antioquia, Colombia. Results from 35 additional underground diamond drill holes have been received (SRDU-0196 to SRDU-0231). Most of this drilling is located below the mine workings along 300 metres of strike between sections 856,970E and 857,200E extending the vertical extent of known gold mineralization. Mineralization is open to depth in an area with no previous drilling and outside of the mineral resource and mineral reserve. Results continue to return intercepts with grades significantly higher than the reserve grade of 5.2 grams per tonne gold with highlights including intersections shown in the associated table.

  
Drill                    From          To    Length           Au
hole                      (m)         (m)       (m)        (g/t)

SRDU-0206              108.50      113.25      4.75        20.30
including              108.50      109.80      1.30        67.84
including              112.80      113.25      0.45         7.18
SRDU-0207               66.95       67.35      0.40       107.69
SRDU-0209               83.30       85.70      2.40        12.49
SRDU-0218               66.95       72.90      8.26         5.95
including               66.95       68.60      1.65        21.76
including               69.35       69.67      0.32        18.11
including               71.60       72.90      1.30         5.07
SRDU-0221               59.00       64.85      5.85        11.69
including               59.00       59.45      0.45         5.93
including               62.95       64.85      1.90        34.29
SRDU-0223               69.80       76.38      6.58         7.26
including               69.80       70.50      0.70         6.44
including               73.15       76.38      3.23        13.07
SRDU-0225               57.80       63.40      5.60         8.24
including               57.80       58.70      0.90        24.42
including               61.40       63.40      2.00        11.53
SRDU-0227               39.40       42.60      3.20        21.55
including               39.40       40.35      0.95        19.53
including               41.60       42.60      1.00        49.90
 

Three underground diamond drill rigs have completed 20,372 metres in 231 stope delineation holes with assays pending on hole SRDU-0216. The results from 195 underground stope delineation holes (SRDU-0001 to SRDU-0195) were previously announced.

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 (QA/QC) procedures and guidelines. Red Eagle Mining's procedures are designed to meet or exceed Canadian Institute of Mining, Metallurgy and Petroleum best practices guidelines and National Instrument 43-101 standards of disclosure. 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 0.5-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 (atomic absorption spectroscopy) 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, David G. Thomas, PGeo, 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 and silver 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 and controls Red Eagle Exploration, which owns 100 per cent of the Vetas gold, California gold and Santa Ana silver projects.

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