Red Eagle Mining Announces Results of 2018 AGM

VANCOUVER, British Columbia, June 11, 2018 (GLOBE NEWSWIRE) -- Red Eagle Mining Corporation (TSX:R) (BVL:R) (OTCQX:RDEMF) is pleased to announce the voting results of the Annual General Meeting of Shareholders held on June 7, 2018 (the “Meeting”). A total of 166,012,298 common shares were voted, representing the votes attached to 37.89% of all outstanding common shares. Shareholders voted in favour of a motion to fix the number of directors for election at five and in favour of the election of all director nominees. The percentage of votes cast for each director is as follows:

Shareholders also voted in favour of approving and ratifying Management’s approach to executive compensation, amendments to the Restricted Share Unit and Deferred Share Unit Plans and the appointment of PricewaterhouseCoopers LLP as Red Eagle Mining’s auditor for the upcoming year.  Steve Dixon did not stand for re-election and the board thanks him for his service.

Voting results are released in accordance with Toronto Stock Exchange requirements. Detailed voting results for the Meeting are available on SEDAR at www.sedar.com.

About Red Eagle Mining

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% of the Santa Rosa Gold, Vetas Gold, California Gold and Santa Ana Silver Projects.  The Santa Rosa Gold Project commenced production in January 2018.

For further information on Red Eagle Mining Corporation please contact:

Patrick Balit
Vice President Corporate Development

Red Eagle Mining Corporation
Suite 2348 – 666 Burrard Street
Vancouver, BC, V6C 2X8
+1 778 372 2558
+1 604 360 5722 mobile
balit@redeaglemining.com
www.redeaglemining.com

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 Red Eagle Mining believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements.  Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation 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 Securities 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 securities laws or an exemption from such registration is available.