TORONTO, ONTARIO--(Marketwired - Sep 20, 2017) - Red Pine Exploration Inc. (TSX VENTURE:RPX) ("Red Pine" or the "Company") announces partial results for three drill holes in the Minto Mine area that were completed as part of the on-going 20,000 metres ("m") drilling program at its Wawa Gold Project.

Drilling Highlights (see Table 1 and Figures 1, 2 and 3 below):

• The discovery of a high-grade quartz vein (Minto E) above the Minto Mine South Zone ("MMSZ") (Figures 1, 3);
  • SD-17-94 contains 13.04 gram per tonne ("g/t") gold over 2.20 m;
  • SD-17-99 contains 13.08 g/t gold over 2.63 metres;
    
    
• The high-grade zone of the MMSZ extends south (Figures 1, 2)
  • SD-17-105 contains 5.51 g/t gold over 5.83 metres;
    
    
• Visible gold is observed in 10 out of the 20 additional holes completed so far in the MMSZ (Figure 1);
  
  
• 15 additional drill holes are planned for this area as part of the 2017 drill program.

Quentin Yarie, President and Chief Executive Officer of Red Pine stated, "We are quite excited by the intersection of a near-surface high-grade quartz vein above and perpendicular to the Minto Mine South Zone. This new discovery, called Minto E, further emphasises the potential of the zone and adds another gold target to what is already a highly promising area. Drilling in the Mine South Zone continues to be successful and is demonstrating that thickening zones of gold-mineralization can occur within the structure."

Table 1. Highlights of the 2017 drilling results south of the Minto Mine

Overview of drilling results in the MMSZ and the Minto E

Holes SD-17-94 and SD-17-99 (Final assays pending) were drilled to test the down-dip extension of the MMSZ and both holes successfully intersected the structure. Near surface, SD-17-94 and SD-17-99 intersected a high-grade quartz vein/structure that represents the down-dip extension of the surface exposure of the Minto E structure.

SD-17-105 successfully intersected the southern extension of the MMSZ and results indicate a thickening of the structure in the area. In the hanging wall of the MMSZ, SD-17-105 also intersected a gold-bearing shear that could be the western extension of the Minto E shear zone.

Results are pending for 20 boreholes in the MMSZ. The zone remains open at depth and along strike (>1km) to the south. Fifteen (15) additional drill holes are currently planned to further define its strike length and down-dip extension and to further define the Minto E Zone.

Wawa Gold Project Summary

The Wawa Gold property package consists of over 5,500 hectares and hosts several former mines with a combined historic production of 120,000 ounces ("oz") gold¹. Currently, 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.

Exploration work by Red Pine during the past 18 months has involved the sampling of 42,000 metres of historic core that was never sampled by previous operators of the project (initiated in February 2016) and aggressive drilling campaigns.

To date, the Company completed over XX metres 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. All these mineralized zones are interpreted to form a coherent structural system, the Wawa Gold Corridor, and are anticipated to have a positive impact on the property's gold inventory.

Red Pine's on-going 20,000-metre drill program is focussed on three of the four key discoveries with two drills operating non-stop on the property. The first drill is currently targeting the Surluga North discovery, where Red Pine's hole SD-16-45 intersected 14.66 g/t gold over 15.23 metres (the Surluga North high-grade zone) 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 throughout 2017.

Highlights

• 100% owned land position between JVA;
• 2 km southeast of the Municipality of Wawa, Ontario, close to roads, power and other infrastructure; and
• 8 past producing mines on property with historical production of 120,000 oz gold at 9.04 g/t average grade¹.

> 1M oz Inferred Gold Resource at 1.71 g/t (0.5 g/t cut-off)²

• Near surface mineralization;
• Open in all directions; and
• Exploration continuing to expand the existing resource.

Considerable Growth Potential

• Newly discovered high-grade gold zones in many areas on property; and
• Gold mineralization extends 5 km in length.

Preliminary Metallurgical Study Underway

• Optimization of gold and silver recoveries.

To view Figure 1. Highlights of the 2017 Drill Program in the Minto Mine Structure, please visit the following link: http://media3.marketwire.com/docs/RPX-Figure1-1102446.pdf.

To view Figure 2. Longitudinal section showing drilling intersections in the MMSZ between the former Minto and Parkhill mines, please visit the following link: http://media3.marketwire.com/docs/RPX-Figure2-1102446.pdf.

To view Figure 3. Cross-section showing the spatial relation between the Minto Mine South Zone and the discovered high-grade quartz vein, please visit the following link http://media3.marketwire.com/docs/RPX-Figure3-1102446.pdf.