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Red Eagle Mining Begins Construction at San Ramon Gold Mine in Antioquia

Red Eagle Mining Corporation is pleased to announce the commencement of construction at Red Eagle Mining's 100% owned fully permitted and fully financed San Ramon Gold Mine in Antioquia, Colombia. Construction will unfold over the next twelve months, with production expected to commence during the second half of 2016.

Earthworks have commenced with clearing of the ground for the underground mine access and the conventional flotation/carbon-in-leach processing plant. Red Eagle Mining has awarded the bulk earthworks contract to Consorcio San Ramon Proyecto Civil, a joint venture between Gisaico S.A. and Minconstrucciones S.A., Medellin-based infrastructure engineering and construction groups. Minconstrucciones has also completed upgrading the eight kilometre road between paved Highway 25 and the San Ramon Gold Mine.

"Through our team's hard work, dedication, and continuous engagement with all stakeholders, we have made outstanding progress," comments Bob Bell, Chief Operating Officer. "Once in production, the San Ramon Gold Mine will be the largest producing gold mine in Colombia and aims to set the standards for the future of the gold mining industry in Colombia."

Please follow Red Eagle Mining's progress in constructing the San Ramon Gold Mine with weekly photo uploads to our flickr page.

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 during the second half of 2016.

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