Red Eagle Mining Corp RDEMF

going forward

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Vancouver, BC, September 1, 2015 - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF, SSE-V: RDCL) has purchased a further 80,000 common shares (the "Shares") of CB Gold Inc. ("CB Gold") on the Toronto Stock Exchange Venture.

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 period of the Offer. Today's highest price paid for the Shares was $0.045. An aggregate of 101,000 Shares have been purchased in the open market since the commencement of Red Eagle Mining's Offer on June 16, 2015 for an average price $0.045. After today's purchase, Red Eagle Mining owns a total of 101,000 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 costs 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 with production expected to commence in the second half of 2016.

For further information on Red Eagle Mining please contact:

Patrick Balit
Director Corporate Development
Red Eagle Mining Corporation