Red Eagle Mining Intercepts 6.0 Metres at 31.85 Grams Per Tonne Gold at Santa Rosa

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 13, 2012) - Red Eagle Mining Corporation (TSX VENTURE:RD)(OTCQX:RDEMF), is pleased to announce the first and only assay results received to date on the in-progress, phase two drill program at the San Ramon deposit in the Santa Rosa gold project in Colombia. The first results include strong gold mineralization in both core drill holes SR-041 and SR-042, with the most significant intercept being in hole SR-042 which included 6.0 metres at 31.85 grams per tonne gold.

Phase two consists of 24 core drill holes (see Figure 1 - Drill Hole Plan: http://media3.marketwire.com/docs/RD_Fig1.pdf), of which 19 holes totaling 3,995m have been completed to date with assays pending on 17 holes, numbered SR-043 to SR-059. The following table summarizes significant gold intercepts in the first two holes which were drilled from the same pad at inclinations of 45° and 70° and confirm that strong gold mineralization extends to depth (see Figure 2 - Cross Section B-B': http://media3.marketwire.com/docs/RD_Fig2.pdf). True widths are estimated to be close to 90% and 70% of the intercepts and vertical depths are estimated to be close to 70% and 90% of the drilled depths for holes SR-041 and SR-042 respectively, as reported below. All assay results are uncut.

Table 1 - San Ramon Drill Intercepts

Hole ID

From
(m)

To
(m)

Interval
(m)

Au g/t

SR-041

68.40

75.40

7.00

1.96

incl.

74.90

75.40

0.50

22.10

113.00

147.60

34.60

0.63

incl.

146.50

147.60

1.10

8.35

SR-042

138.70

205.60

66.90

3.06

incl.

184.00

190.00

6.00

31.85

"Our drilling at San Ramon continues to deliver high grade intercepts, with today's results of six metres at nearly an ounce per ton of gold confirming the robustness of the deposit," comments Ian Slater, Chief Executive Officer. "Both holes also significantly increased the width of the known gold mineralization and this was just the first two holes back out of sixty being drilled this summer."

San Ramon trends east-west, dips 65-70° to the north, extends over 1,800m, is up to 60m in width and is exposed at surface. Wide-spaced drilling intercepts from phase one averaged approximately 1.2 g/t Au to a vertical depth of over 250m. The mineralisation extends to surface where channel sampling has also averaged approximately 1 g/t Au. The 2012 work program for San Ramon includes the phase two core drill program (24 holes totaling an estimated 5,000m), a phase three core drill program in the near surface oxides over the entire known gold mineralisation which will commence in June (36 holes totaling an estimated 5,000m), preparation of a NI 43-101 resource and a preliminary metallurgical test work program.

Phase One Results

All the remaining assays have now been received from the phase one drilling program. Results from phase one drilling at San Ramon were previously reported (see news release dated January 17, 2012 - http://redeaglemining.com/news/?nid=17). Core drill holes SR-024 to SR-040 were exploratory holes targeting a few of the many currently identified anomalies outside of the San Ramon deposit and, while typically containing thin gold bearing veins, did not return economically significant results. With the exception of holes SR-029 and SR-031 which targeted the Malambo prospect in the Northwest Sector (which contains a large concentration of historic workings). The following table summarizes significant gold intercepts from the two holes drilled in the Malambo prospect to date.

Table 2 - Malambo Drill Intercepts

Hole ID

From
(m)

To
(m)

Interval
(m)

Au g/t

SR-029

140.00

141.00

1.00

6.12

363.00

364.00

1.00

9.66

SR-031

136.50

138.00

1.50

5.18

165.35

166.50

1.15

13.30

A Mobile Metal Ion (MMI) systematic soil sampling program has been completed over the entire Santa Rosa project with assays highlighting multiple gold and copper anomalies in both the Northwest and Central Sectors that have not yet been drill tested. In addition, over 400 historic adits have now been mapped and sampled to date. Active exploratory work continues over the entire project area.

Table 3 - Drill Hole Specifications

Hole

Easting

Northing

Elevation
(m)

Azimuth

Dip

EOH
(m)

SR-024

857403

1223497

2496

0

-45

301

SR-025

854294

1223584

2480

180

-45

301

SR-026

854294

1223584

2480

150

-45

314

SR-027

857403

1223497

2496

180

-45

151

SR-028

854404

1223747

2471

180

-45

325

SR-028A

854404

1223747

2471

180

-45

636

SR-029

852389

1224776

2514

180

-45

401

SR-030

852389

1224776

2514

230

-45

401

SR-031

853006

1224396

2554

220

-45

305

SR-032

859267

1222803

2491

180

-45

129

SR-032A

859267

1222803

2491

180

-45

355

SR-033

856004

1223542

2524

230

-45

300

SR-034

860246

1222491

2490

90

-60

193

SR-035

860246

1222491

2490

180

-45

400

SR-036

856993

1222294

2515

0

-50

321

SR-037

858172

1223205

2448

180

-45

256

SR-038

858177

1223306

2448

0

-45

340

SR-039

857335

1223762

2506

65

-45

131

SR-040

857335

1223762

2506

65

-65

80

SR-041

857796

1223267

2445

180

-45

178

SR-042

857796

1223267

2455

180

-70

239

Quality Control and Assurance

All drill samples were collected with two diamond drill rigs using approximately one metre sample intervals and following standard industry practice. Acme Analytical Laboratories prepped and screened samples in Medellin, Colombia and assayed samples in Santiago, Chile. Gold values were determined by fire assay of a 30g charge with an AA finish, or if over 10 g/t Au, were re-assayed and completed with a gravimetric finish. QC/QA included the insertion and continual monitoring of standards and blanks into 10% of the sample stream batches, along with check assays conducted at alternate accredited laboratories.

The scientific and technical information contained in this news release has been reviewed and approved by Michael Johnson, P.Geo., who is a "Qualified Person" as defined under National Instrument 43-101.

About Red Eagle Mining

Red Eagle Mining Corporation is a well-financed Colombian gold exploration and development company with an experienced exploration and management team. Red Eagle Mining is currently exploring two properties in Colombia, Santa Rosa and Pavo Real. Santa Rosa is an intrusive hosted structurally-controlled quartz stockwork system within the prolific Cretaceous Antioquia Batholith. Gold mining within the Santa Rosa project pre-dates the 16th century when an estimated 30 million tonnes were mined. Santa Rosa is located 70km north of Medellin near the town of Santa Rosa de Osos in a region characterized by gently rolling hills and excellent infrastructure. Santa Rosa is also located 50km west of AngloGold Ashanti's Gramalote gold deposit (2.5 million ounce M&I resource grading 0.8 g/t Au) and 60km east of Continental Gold's Buritica gold deposit (630,000 ounce M&I resource grading 17.8 g/t Au). Pavo Real is an extensive project within the Mid-Cauca gold belt containing both a sedimentary hosted gold system and a 15km long copper/gold/silver skarn formation hosting significant high grade brownfield mines. For further information on Red Eagle Mining please refer to our website www.redeaglemining.com, or contact Ian Slater, Chief Executive Officer

RED EAGLE MINING ANNOUNCES POSITIVE PRELIMINARY METALLURGICAL RESULTS OF 85% TO 94% GOLD RECOVERIES FOR SANTA ROSA

Vancouver, BC, June 19, 2012 - Red Eagle Mining Corporation (TSX-V: RD, OTCQX: RDEMF) is pleased to announce that it has received positive results for its initial metallurgical testwork on material from the San Ramon gold system in the Santa Rosa gold project in Colombia. The tests were conducted at the Acme Metallurgical Laboratory in Vancouver, Canada.

The oxide sample with a grade of 7.4 g/t Au produced leach results over six days of between 70% and 86.3% gold recovery depending on the crush size from 2 inches to 0.25 inch (see Table 1). The optimum result is 85.3% Au recovery at a 0.5 inch crush size, which is easily achievable as the material is friable. Reagent consumptions are within the bounds of conventional heap leach operations. The sample was taken from a near surface adit. As the gold grade of this sample was somewhat high, another sample composited from near surface adits and an outcrop across the shear has been submitted for testing with results pending.

The primary (non-oxidised) sample with a grade of 0.9 g/t showed that over 25% of the gold could be recovered by gravity concentration. The sample was taken from a recently mined crosscut in fresh rock which exposed the shear. Further testwork involving bench scale flotation and carbon in leach (CIL) tests is now being conducted.

Additionally, a sample with a grade of 24.3 g/t Au was taken from a vein to test the recovery characteristics of the sulphide material. A 48 hour leach test after grinding to 80% passing 74 microns produced a 94.6% gold recovery (see Table 2). In addition, the laboratory reported that the kinetic results showed that 91% of the gold is recovered within the first 24 hours of leaching. As a consequence of this relatively quick high recovery rate, combined with centrifugal gravity results showing that free-gold may be recovered by gravity prior to cyanide leaching, the overall cyanide leach time and chemical consumption may be reduced.

"Based on the positive metallurgical results to date showing gold recoveries of 85% to 94%, we are commencing a bulk sampling program for a PEA level study", comments Ian Slater, Chief Executive Officer. "These preliminary test results indicate that the processing routes will likely be heap leach for the oxidised material and gravity followed by flotation and CIL for the primary material which will improve recoveries of this higher grade material."

The scientific and technical information contained in this news release has been reviewed and approved by Michael Johnson P.Geo., who is a "Qualified Person" as defined under National Instrument 43-101.

About Red Eagle Mining

Red Eagle Mining Intercepts 35.5 Metres at 2.28 Grams Gold Per Tonne at Santa Rosa

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 26, 2012) -Red Eagle Mining Corporation (TSX VENTURE:RD)(OTCQX:RDEMF) is pleased to announce additional assay results received from the recently completed 24 hole, 5,400m phase two core drill program at the San Ramon gold system located within the Santa Rosa gold project in Colombia. Assays have now been received for 10 holes with assays pending on 14 holes (SR-052 to SR-065). The additional results show strong gold mineralisation over significant intervals in core drill holes SR-044, SR-045A, SR-047 and SR-048, with the most significant intercept being in hole SR-045A of 35.5 metres at 2.28 grams gold per tonne. This follows an intercept of 66.9 metres at 3.06 grams gold per tonne in hole SR-042 reported in the news release dated June 13, 2012 (http://redeaglemining.com/news/?pg=1&nyy=2012&nid=35), covering assays on the first two holes of phase two.

Table 1 summarizes significant (+0.20 g/t) uncut gold intercepts from phase two core drill holes SR-041 to SR-051 [see Figure 1 (http://redeaglemining.com/siteFiles/89/files/maps-lg/Stage1_San_Ramon_Drill_Map_June_2012Large.jpg) Drill Hole Plan and Figure 2 (http://redeaglemining.com/siteFiles/89/files/maps-lg/SR_SE_Sector_Long_Section_Schematic_22June12-Large.jpg) Long Section] of which the latest assays are for holes SR-043 to SR-051. Internal dilution within intercepts is limited to the inclusion of runs of no more than 6m below cut-off.

Table 1 - San Ramon Drill Intercepts (*previously reported)

Hole ID

From (m)

To (m)

Interval (m)

Au (g/t)

SR-041*

68.40

75.40

7.00

1.96

incl.

74.90

75.40

0.50

22.10

113.00

147.60

34.60

0.63

incl.

146.50

147.60

1.10

8.35

SR-042*

138.70

205.60

66.90

3.06

incl.

184.00

190.00

6.00

31.85

SR-044

213.90

247.90

34.00

0.71

SR-045A

115.60

117.60

2.00

6.87

147.00

182.50

35.50

2.28

incl.

149.90

151.40

1.50

28.26

incl.

173.90

175.80

1.90

14.36

SR-047

147.00

149.00

2.00

0.52

162.00

168.00

6.00

0.44

174.00

223.00

49.00

1.08

incl.

180.00

181.00

1.00

11.70

incl.

220.00

223.00

3.00

6.10

SR-048

114.80

125.90

11.10

1.77

incl.

116.80

117.80

1.00

14.40

SR-049

127.00

131.80

4.80

6.14

SR-050

88.20

89.20

1.00

1.31

95.20

98.60

3.40

1.21

Holes SR-043, SR-046, SR-049 and SR-051 were drilled to test the western extent of the structure and as expected did not return economically significant results. The exception was hole SR-049, which returned an intercept of 4.8m at 6.14 g/t Au, indicating that the structure may extend along strike to the west, possibly pinching to narrower widths in places but with higher grades, which is encouraging for underground mining evaluation below and outside the potential open pit.

"Our drilling at San Ramon continues to deliver confirmation of a robust mineralised system containing numerous high grade gold intercepts and long intervals," comments Ian Slater, Chief Executive Officer. "Assays are pending on another 14 holes from phase two and phase three drilling is continuing through the summer."

The San Ramon structure trends east-west, dips 60°-70° to the north, extends over 1,800m, is up to 60m in width and is exposed at surface. Wide-spaced drilling intercepts from phase one averaged approximately 1.2 g/t Au to a vertical depth of over 250m. The mineralisation extends to surface where channel sampling has also averaged approximately 1 g/t Au. The 2012 work program for San Ramon includes the phase two core drill program (24 holes totaling 5,400m), a phase three core drill program in the near surface oxides over the entire known gold mineralisation which has just commenced (36 holes totaling an estimated 5,000m), preparation of a NI 43-101 resource and a preliminary metallurgical test work programme.

Table 3 - Drill Hole Specifications

Hole

Easting

Northing

Elevation (m)

Azimuth

Dip

EOH (m)

SR-041

857796

1223267

2445

180

-45

178

SR-042

857796

1223267

2455

180

-70

239

SR-043

856191

1223330

2462

na

-90

194

SR-044

857907

1223294

2470

180

-65

290

SR-045A

857694

1223258

2454

180

-75

199

SR-046

856191

1223330

2462

180

-80

162

SR-047

857604

1223297

2450

180

-70

264

SR-048

857918

1223229

2467

180

-45

151

SR-049

856204

1223390

2478

180

-45

148

SR-050

857605

1223231

2464

175

-45

169

SR-051

856204

1223390

2478

180

-75

227

Quality Control and Assurance

All drill samples were collected with two diamond drill rigs using approximately one metre sample intervals and following standard industry practice. Acme Analytical Laboratories prepped and screened samples in Medellin, Colombia and assayed samples in Santiago, Chile. Gold values were determined by fire assay of a 30g charge with an AA finish, or if over 10 g/t Au, were re-assayed and completed with a gravimetric finish. QC/QA included the insertion and continual monitoring of standards and blanks into 10% of the sample stream batches, along with check assays conducted at alternate accredited laboratories.

The scientific and technical information contained in this news release has been reviewed and approved by Michael Johnson, P.Geo., who is a "Qualified Person" as defined under National Instrument 43-101.

About Red Eagle Mining

Red Eagle Mining Corporation is a well-financed Colombian gold exploration and development company with an experienced exploration and management team. Red Eagle Mining is currently exploring two properties in Colombia, Santa Rosa and Pavo Real. Santa Rosa is an intrusive hosted structurally-controlled quartz stockwork system within the prolific Cretaceous Antioquia Batholith. Gold mining within the Santa Rosa project pre-dates the 16th century when an estimated 30 million tonnes were mined. Santa Rosa is located 70km north of Medellin near the town of Santa Rosa de Osos in a region characterized by gently rolling hills and excellent infrastructure. Santa Rosa is also located 50km west of AngloGold Ashanti's Gramalote gold deposit (2.5 million ounce M&I resource grading 0.8 g/t Au) and 60km east of Continental Gold's Buritica gold deposit (630,000 ounce M&I resource grading 17.8 g/t Au). Pavo Real is an extensive project within the Mid-Cauca gold belt containing both a sedimentary hosted gold system and a 15km long copper/gold/silver skarn formation hosting significant high grade brownfield mines. For further information on Red Eagle Mining please refer to our website www.redeaglemining.com or contact Ian Slater, Chief Executive Officer.