War Eagle announces that trading of its shares will resume January 10, 2018

TSXV:WAR CUSIP. No. 933901209

War Eagle announces that trading of its shares will resume January 10, 2018

Vancouver, British Columbia – January 9, 2018 - War Eagle Mining Company Inc. (TSXV - WAR) (“War

Eagle” or the “Company”) is pleased to announce that it has received confirmation from the TSX Venture

Exchange (the "Exchange") that its common shares will resume trading at the open on Wednesday, January

10, 2018.

The trading halt was called prior to the Company announcing its agreement with Champagne Resources

Limited (“Champagne”) to merge the two companies on t he terms outlined in War Eagle’s news release of

January 3, 2018.

This business combination scheduled to close on or before February 28, 2018 will permit accelerated

exploration of Champagne’s 100 % owned 3,296 ha Goodfish Kirana project in the world class Kirkland Lake

gold camp.

For additional information please contact:

War Eagle Mining Company Inc.

Paul A. Carroll Q.C.

Chairman, President and CEO

416-703-9120

Malcolm P. Burke

Director

604-220-2000

Email: [email protected]

Website: www.wareaglemining.com

This news release was prepared by management of Wa r Eagle, which takes full responsibility for its

contents. Neither the TSX Venture E xchange nor its Regulation Services Prov ider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release