Red Pine Exploration Initiates Geophysical Survey to Define the Structural Controls at its Wawa Gold Project - Seite 2

The Wawa Gold property package consists of over 5,000 hectares that historically hosted several mines. Together, they produced over 120,000 oz of gold at an average grade of 9.04 g/t. The property currently hosts the Surluga Deposit, a NI 43-101 Inferred Gold 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 tonnes¹.

Red Pine's exploration work over the past 12 months has included the ongoing sampling of 42,000 metres of historic core that was never sampled by previous operators (initiated in February 2016) and the completion in March 2017 of a 6,000-metre drill program (initiated in November 2016). A new 10,000-metre drill program has already been initiated.

The goal of the sampling and drill programs is to fill-in gaps within the resource estimate with the expectation that it will lead to the definition of additional gold resources. The sampling and drill programs are expected to continue throughout 2017. An assessment of an Exploration Target at the Wawa Gold Project is expected this fall.

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.

¹NI 43-101 inferred resource of 1,088,000 ounces of gold at 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)). The report is available on www.SEDAR.com under Red Pine's profile.