VANCOUVER, British Columbia, Oct. 16, 2017 (GLOBE NEWSWIRE) -- Red Eagle Exploration Limited
(TSX-V:XR) (“XR”) is pleased to announce its new listing on the OTCQB market where shares began trading on October
12, 2017 under the symbol XRELF.
About Red Eagle Exploration
XR is a precious metals exploration and development corporation majority owned by gold producer Red Eagle Mining
Corporation. XR has an experienced exploration and mine development team focused on building shareholder value through
acquiring and de-risking high grade gold and silver projects with low costs and low technical risks in Colombia, a jurisdiction
with prolific historic production but until recently limited modern exploration. XR owns 100% of the Vetas Gold, California
Gold and Santa Ana Silver Projects, which consist of numerous historic and existing mines and where exploration is currently
underway to delineate high-grade vein resources exploitable by modern underground mining.
For further information, please contact David Thomas, Vice President Exploration or:
Patrick Balit
Vice President Corporate Development
Suite 2348 – 666 Burrard Street
Vancouver, BC, V6C 2X8
+1 778 372 2558
balit@redeaglemining.com
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. Information set forth in
this news release includes forward-looking statements under applicable securities laws. Forward-looking statements are statements
that relate to future, not past, events. In this context, forward-looking statements often address expected future business and
financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend",
statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions.
All statements, other than statements of historical fact, included herein including, without limitation; statements about the terms
and completion of the proposed sale transaction are forward-looking statements. By their nature, forward-looking statements involve
known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other
future events, to be materially different from any future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, the following risks: failure to satisfy all conditions precedent to
the transaction, including disinterested shareholder approval and stock exchange regulatory approval, and the additional risks
identified in the management discussion and analysis section of the Company’s interim and most recent annual financial statement or
other reports and filings with Canadian securities regulators. Forward looking statements are made based on management's beliefs,
estimates and opinions on the date that statements are made and the respective companies undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by
applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking
statements.
