Red Pine Announces Results of Annual Meeting

TORONTO, ONTARIO--(Marketwired - Jan. 30, 2015) - Red Pine Exploration Inc. (TSX VENTURE:RPX) (the "Company" or "Red Pine") announces the results of the Annual and Special Meeting of its Shareholders (the "Meeting") held in Toronto, Ontario, Canada on January 27, 2015. All resolutions were passed with the required majorities.

At the meeting, the shareholders elected the following persons (with the corresponding voting percentages of the votes cast as provided below) to serve as directors of the Company. Each director will hold his office for a term expiring at the next annual meeting of shareholders or until his successor is duly elected and qualified.

• Elgin Wolfe (99.0% voted "for", 1.0% withhold)
• Richard Schler (91.9% voted "for", 8.1% withhold)
• Quentin Yarie (99.0% voted "for", 1.0% withhold)
• Joseph Heng (99.0% voted "for", 1.0% withhold)
• Brent Nykoliation (98.5% voted "for", 1.5% withhold)
• Myles Johnson (99.0% voted "for", 1.0% withhold)

The following are the results of the other matters presented at the Meeting. The percentages noted below represent the "For" votes and are expressed as a percentage of the total votes cast.

• Resolution 2: 98.8% ratified the appointment of MNP LLP, as the Company's independent registered public accounting firm for the fiscal year ending July 31, 2015 and authorized the directors to fix remuneration;
• Resolution 3: 99.1% re-approved the Company's Stock Option Plan;
• Resolution 4: 94.7% approved share issuances of up to 5,000,000 shares for directors and officers of the Company in lieu of cash payments for services rendered; and
• Resolution 5: 83.9% approved the share consolidation for a range from 1 for 2 to a maximum of 1 for 5. This does not mean a share consolidation will automatically take place, but rather that the Company's Board of Directors will have the option to complete a share consolidation within the next year at their sole discretion if it is deemed to be in the best interests of all shareholders to do so, or absolutely necessary for continued operation.

In addition, following the Meeting, the Board of Directors approved the re-appointments of the following executive officers:

• Elgin Wolfe as Chairman of the Board
• Richard Schler as Chief Executive Officer
• Quentin Yarie as President and Chief Operating Officer
• Peter Liabotis as Chief Financial Officer and Corporate Secretary

About Red Pine Exploration Inc.

Red Pine Exploration 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".

The Mineral Resource is disclosed in the NI 43-101 compliant technical report titled "Amended Technical Review and Mineral Resource Estimate for the Jubilee-Surluga Property, near Wawa, Ontario, Canada for Augustine Ventures Inc." dated October 12, 2012 and prepared by Clifford J. Duke, P. Eng., Senior Associate Geological Engineer of Watts, Griffis and McOuat, Consulting Geologists and Engineers. The report is available on www.SEDAR.com under Augustine's profile.

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. Forward-looking statements are statements which relate to future events. 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.