VANCOUVER, BC--(Marketwired - November 10, 2016) - War Eagle
Mining Company Inc. (TSX VENTURE: WAR) ("War Eagle" or the "Company") reports that,
pursuant to the terms and conditions of its incentive stock option plan, it has granted, in the aggregate, 250,000 stock options
to purchase common shares of the Company to William Hamilton, a director of the Company. The options, which vest immediately, are
exercisable up to October 31, 2019 at a price of $0.10 per share and are subject to TSX Venture Exchange approval. Upon the grant
of new stock options, the Company will have 1,748,000 options outstanding.
This news release was prepared by management of War Eagle, which takes full responsibility for its contents.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release