Red Oak Mining Corp. announces Debt Settlement

1400-1111 West Georgia Street

Vancouver, British Columbia

V6E 4M3, Canada

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT

FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED

STATES NEWSWIRE SERVICES

Red Oak Mining Corp. announces Debt Settlement

March 20, 2017

TSXV

Trading Symbol: ROC.H

Red Oak Mining Corp. (the “ Company”) announces that further to the Company’s March 17, 2017

press release disclosing the Company’s intention to pr oceed with a share consolidation on a ratio of ten

(10) old shares for each one (1) new share (the “ Consolidation”), the Company has reached an

understanding with certain of its creditors holding an aggregate total $745,000 in Company debt (the

“Debt”) to settle such Debt in exchange for 14 ,900,000 post-Consolidation common shares of the

Company at a deemed price of $0.05 per post-Consolidation common share (the “Debt Settlement”).

The shares issued under the Debt Settlement will be subject to a four (4) month hold period under

Canadian securities laws.

The Debt Settlement is subject to the acceptance of the TSX Venture Exchange.

On behalf of the Board of Directors

RED OAK MINING CORP.

“Jay Roberge”

Jay Roberge CEO, and Director

Neither the TSX Venture Exchange nor its Regulation S ervices Provider (as that term is defined in the

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