Red Eagle Mining Santa Rosa Operations Update

Red Eagle Mining (TSX:R) (BVL:R) (OTCQX:RDEMF) is pleased to provide an update on operations at the Santa Rosa Gold Project, Antioquia, Colombia. The mill successfully started-up on January 2, 2018 as planned and has been operating continuously ramping up to 750 tonnes per day currently.

A test gold pour was successfully completed at the end of January with the first commercial pour scheduled for the end of February. 1,500 – 2,000 ounces of gold are estimated to be poured in February during ramp up with 2018 production estimated to be 45,000 – 50,000 ounces of gold.

Underground development at the San Ramon Gold Mine continues to advance according to plan with 436 metres in January. Development during January was primarily focused on secondary access ramps and attack ramps on levels -100, -125 and -150 metres, measured from surface.

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