RPX.V · 2017-12-12 12:00:00

Red Pine Exploration Intersects 15.7 G/T Gold over 2.2 M and 56.8 g/t gold over 1 M in the Jubilee Shear, Wawa Gold Project

Drill Results

Red Pine Exploration Intersects 15.7 G/T Gold over 2.2 M and 56.8 g/t gold over

1 M in the Jubilee Shear, Wawa Gold Project

TORONTO, Dec. 12, 2017 -- Red Pine Exploration Inc. (TSX-V:RPX) ("Red Pine" or the "Company") announces results from

ten holes drilled earlier this fall in the northern extension of the Surluga Deposit as part of the Company’s recently completed

20,000 m drilling program.

Drilling highlights for the northern extension of the Surluga Deposit include:

• Discovery of many possible higher-grade zones in the Jubilee Shear Zone (“JSZ”), and the gold zones of the JSZ

hangingwall and footwall (Figure 1)

• SD-17-95 and SD-17-107 respectively contain 15.7 g/t gold over 2.2 metres and 56.8 g/t gold over 1 metre in the

Jubilee Shear Zone and indicate the high-grade extension of the JSZ intersection previously reported in SD-16-45 (14.7

g/t gold over 15.2 metres);

• SD-17-97 and SD-17-102 respectively contain 4.9 g/t gold over 4.1 metres and 4.7 g/t gold over 2.7 metres in the

Surluga Road Shear Zone;

• SD-17-104 contains 5.1 g/t gold over 2 metres in the lower Surluga Road Shear Zone;

• SD-17-98 and SD-17-102 respectively contains 5.2 g/t gold over 2 metres and 3.23 g/t gold over 2.03 metres in the

hangingwall of the Jubilee Shear Zone

Quentin Yarie, President and Chief Executive Officer of Red Pine stated, "Our on-going drilling program is proving that high-

grade zones remain to be discovered in the Surluga Deposit beyond the current inferred resource. Results indicate that high-

grade gold zones occur in structures adjacent to the Wawa Gold Corridor and that the structure is characterized by systematic

stacking of multiple gold zones.”

Table 1. Highlights of the 2017 drilling in the Surluga Deposit Northern Extension

Hole X Y Z Az Dip From

(m) To

(m) Length

(m)* Gold

(g/t) Gold Zone

SD-17-95

668457

5317221

390

295

134.6 139.3 4.7 0.9

Jubilee Shear

Zone

145.4 149.4 4 0.4

179.7 188.3 8.6 4.5

Including

186.1 188.3 2.2 15.7

SD-17-97

668457

5317221

390

315

139.1 145.7 6.6 0.9 Jubilee Shear

Zone 158.5 161.6 3.1 0.5

190.4 218.2 27.8 0.9

Surluga Road

Shear Zone Including

214.1 218.2 4.1 4.9

SD-17-98

668457

5317221

390

250

114.1 116.1 2 5.2 Algoma North

180 189.2 9.2 0.8 Jubilee Shear

Zone

SD-17-102

668453

5317128

386

320

124.0 126.0 2.1 3.2 Algoma North

240 242.7 2.7 4.7

Surluga Road

Shear Zone Including

240.8 241.8 1 10.7

172.5 189.90 17.4 1.2

Jubilee Shear

Zone

Including

172.5 173.5 1 3.1

SD-17-104 668453 5317128 386 315 66 180.5 185.9 5.4 2.9

255.4 265.4 10 1.6

New Zone Including

255.4 257.3 1.9 2.7

260.1 261.1 1.0 10.1

SD-17-107

668453

5317128

386

295

160.8 171 10.2 0.7

Jubilee Shear

Zone

Including

168.6 171 2.4 2.5

197 198 1 56.8

*Assay results reported over intersection length. For holes SD-17-95, SD-17-97, SD-17-102, SD-17-104 and SD-17-107, the

intersection lengths in the Algoma North, Jubilee Shear Zone and Surluga Road Shear Zone are estimated to >90% true

width, for SD-17-98, the intersection lengths in the Algoma North and Jubilee Shear Zone are is estimated to represent ≥ 80%

true width. As it was discovered, no true width estimations are available for the lower Surluga Road Shear Zone in SD-17-104

Overview of the drilling results in the northern Jubilee Shear Zone

Drilling in the northern extension of the Surluga Deposit was testing the extension of the high-grade zone intersected in the

Jubilee Shear Zone (JSZ) in SD-16-45 (14.7 g/t over 15.2 m) and the presence of mineralization in the gold structures above

and below the JSZ. SD-17-95 and SD-17-107 successfully intersected the southern extension of the northern high-grade zone

of the Surluga Deposit. Drilling also extended the possible zones of higher grade mineralization in gold zones of the

hangingwall and footwall of the JSZ.

Wawa Gold Project Background

The Wawa Gold property package consists of over 5,500 hectares and hosts several former mines with a combined historic

production of 120,000 oz gold1. To date, the largest gold deposit on the property is the Surluga Deposit, which hosts a NI 43-

101 Inferred Resource of 1,088,000 oz gold at an average grade of 1.71 g/t (using a 0.5 g/t cut-off) contained within 19.82

million tonnes2.

Since December 2014, Red Pine's exploration work has involved the ongoing sampling of 42,000 m of historic core that was

never sampled by previous operators of the project, and aggressive drilling campaigns. To date, the Company has completed

over 30,000 m of drilling and made four discoveries along the extension of the Surluga Deposit: the Surluga North Zone; the

Hornblende-William Zone; the Minto Mine South Zone and; the Grace-Darwin Zone. These are part of the Wawa Gold Corridor,

a gold-mineralization zone that extends for more than 5 km.

Red Pine’s on-going drill program is designed to potentially expand the size of the existing inferred gold resource and connect

the other zones of gold mineralization along the newly-discovered Wawa Gold Corridor. Two drills are currently operating non-

stop- one is targeting the Surluga North discovery while the second drill is targeting the Minto Mine South Zone discovery.

The Company is well positioned to fund its share of the Wawa Gold exploration program.

As such, the sampling and drill programs are expected to continue in 2018.

To View Figure 1. Highlights of the 2017 Drill Program in the northern extension of the Surluga Deposit please

visit: http://www.globenewswire.com/NewsRoom/AttachmentNg/0dd59a1e-94ab-414c-856f-95194a8f79d9

On-site Quality Assurance/Quality Control (“QA/QC”) Measures

Drill core samples were transported in security-sealed bags for analyses to Activation Laboratories Ltd. in Ancaster, Ontario.

Individual samples are labeled, placed in plastic sample bags and sealed. Groups of samples are then placed into durable rice

bags and then shipped. The remaining coarse reject portions of the samples remain in storage if further work or verification is

needed.

Red Pine has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core.

As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in

addition to random standards, blanks, and duplicates.

Qualified Person

Quentin Yarie, P Geo. is the qualified person responsible for preparing, supervising and approving the scientific and technical

content of this news release.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold and base-metals exploration company headquartered in Toronto, Ontario, Canada. The

Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

Red Pine has a 60% interest in the Wawa Gold Project with Citabar LLP. holding the remaining 40% interest. Red Pine is the

Operating Manager of the Project and is focused on expanding the existing gold resource on the property.

For more information about the Company visit www.redpineexp.com

Or contact:

Quentin Yarie, President & CEO, (416) 364-7024, [email protected]

Or Mia Boiridy, Investor Relations, (416) 364-7024, [email protected]

1Mineral Resource Statement, Surluga-Jubilee Gold Deposit, Wawa Gold Project, Ontario, SRK Consulting (Canada) Inc.

(effective May 26, 2015)). The report is available on www.SEDAR.com under Red Pine’s profile.

2NI 43-101 inferred resource of 1,088,000 ounces of gold at a 1.71 grams per tonne (g/t) using a 0.40 g/t gold cut-off grade

for pit-constrained and 2.50 g/t gold cut-off grade for underground-constrained resources, contained in 19.82 million tonnes

open along strike and at depth. The Cut-off grades are based on a gold price of US$1,250 per once and a gold recovery of 95

percent (Mineral Resource Statement, Surluga-Jubilee Gold Deposit, Wawa Gold Project, Ontario, SRK Consulting (Canada)

Inc (effective May 26, 2015)).

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture

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

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by

terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or

“continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve

known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of

activity, performance or achievements to be materially different from any future results, levels of activity, performance or

achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this

news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of

this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information,

whether as a result of new information, future events or otherwise, other than as required by law.

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