Red Eagle Mining Corporation (RDEMF)

[4Godnwv]

Full Year 2017 Financial Results Reported

March 28, 2018 – Red Eagle Mining Corporation (TSX: R, BVL: R, OTCQX: RDEMF) is pleased to announce financial and operating results for the year ending December 31, 2017. The focus for the second half of 2017 was to complete enough underground development to support sustainable production and give access to underground drill pads. This was successfully accomplished with over five kilometres of underground development and 16,000 metres of underground infill drilling being completed during 2017. This development and infill drilling facilitated stope mining to recommence in Q4 2017 and the mill to restart on January 2, 2018.

During February, the mine produced over 600 tonnes per day and the mill processed over 750 tonnes per day utilizing stockpiles (see table below). With most of the new equipment having arrived at site through February and March and the final scoops due for delivery in April the mine is planned to ramp up to 750 tonnes per day in Q2 2018. The additional underground development and infill drilling will allow consistent production resulting in an estimated 45,000 ounces of gold produced during 2018.

Exploration drilling at the San Ramon mine from underground commenced, intersecting high grade mineralization including 4.75 metres at 20.3 grams per tonne gold. The drilling was below the mine workings along 300 metres of strike between sections 856,970 E and 857,200 E 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 (news release dated March 19, 2018).

Regional targets at the Santa Rosa Gold Project within five kilometres from the completed mill were drill tested for the first time resulting in multiple discoveries of parallel high-grade veins (news release dated July 10, 2017).

(Data proved at link)
http://www.redeaglemining.com/news/details/index.php?content_id=395