VANCOUVER, Feb. 29, 2012 /PRNewswire/ - Red Eagle
Mining Corporation (TSX-V: RD) (OTCQX: RDEMF), is pleased to
announce the appointment of Michael Johnson
P. Geo. as Vice President Exploration. Mr. Johnson has
thirty-seven years of geological experience, including eighteen
years of experience in senior management positions with public
mining companies. His experience ranges from grassroots
exploration to mineral production. Mr. Johnson has
participated in the discovery and development of mines at Mina
Santa Rosa, Honduras and La
Libertad, Nicaragua, as well as
significant increases in Mineral Reserves at Mina Santa Rosa,
Panama; Bonanza, Nicaragua and El Limon, Colombia. He has extensive experience in
Latin America, as well as
extensive capital markets experience. Mr. Johnson received
his Bachelors of Sciences degree from the University of
London in 1973 and has been a
professional geologist accredited by the American Institute of
Professional Geologists since 1992.
"We are excited to have Michael join our team. Michael has
worked on projects in Colombia
over the past twenty years, including most recently as the CEO of
Calvista Gold Corporation", comments Ian
Slater, Chief Executive Officer. "Michael's experience
in Colombian exploration is an outstanding addition to our existing
leadership of Bob Bell and
Rob Pease."
Tim Petterson has resigned as
Vice President Corporate Development in order to focus full time on
his role as Chief Executive Officer of Black Eagle Mining
Corporation. Mr. Petterson remains an active member of the
board of directors of Red Eagle Mining.
About Red Eagle Mining Corporation
Red Eagle Mining Corporation is a well-financed Colombian gold
exploration and development company with an experienced exploration
and management team. Red Eagle Mining is currently drilling
two properties in Colombia,
Santa Rosa (20,000m) and Pavo Real
(5,000m). Santa Rosa is an
intrusive hosted structurally-controlled quartz stockwork system
within the prolific Cretaceous Antioquia Batholith. Gold
mining within the brownfield Santa
Rosa project pre-dates the 16th century when
an estimated 30 million tonnes were mined. Santa Rosa is located 70km north of Medellin near the town of Santa Rosa de Osos in a region characterized by
gently rolling hills. The project is well served by existing
transportation and power infrastructure and a skilled
workforce. Santa Rosa is also
located some 50km west of AngloGold Ashanti's Gramalote gold
deposit (74.375 million tonnes grading 1 g/t Au for a total of 2.39
million ounces). Pavo Real is a sedimentary hosted gold
system located within the Mid-Cauca gold belt which is host to
numerous porphyry and epithermal gold deposits.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release includes
forward-looking statements that are subject to risks and
uncertainties. All statements within, other than statements
of historical fact, are to be considered forward looking.
Although the Company believes the expectations expressed in
such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future
performance and actual results or developments may differ
materially from those in forward-looking statements. Factors
that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and
exploration successes, continued availability of capital and
financing, and general economic, market or business conditions.
There can be no assurances that such statements will prove
accurate and, therefore, readers are advised to rely on their own
evaluation of such uncertainties. We do not assume any
obligation to update any forward-looking statements. This news
release does not constitute an offer to sell or a solicitation of
an offer to sell any securities in the
United States. The securities have not been and will
not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the
United States or to U.S. Persons unless registered under the
U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
SOURCE Red Eagle Mining Corporation