Red Pine Exploration Appoints New CFO

TORONTO, ONTARIO--(Marketwired - Oct. 23, 2015) - Red Pine Exploration Inc. (TSX VENTURE:RPX) ("Red Pine" or the "Company") is pleased to announce that Mr. Marc Johnson, CFA has been appointed as Red Pine's Chief Financial Officer effective immediately.

Mr. Johnson is a senior executive with over 19 years of experience, including 9 years at large public companies in corporate development, financial management and cost control positions. He also brings 10 years of capital markets experience, specifically in mining investment banking and as an equity research mining analyst covering precious and base metals. Mr. Johnson is also Principal at Quantum Advisory Partners LLP, a professional services firm that provides CFO services to public and private companies, the CFO of Energizer Resources Inc. and the CFO of Y Gold Resources.

Mr. Johnson is a Chartered Financial Analyst (CFA) and holds a Bachelor of Commerce (Finance) degree from the John Molson School of Business at Concordia University. He will be completing his Chartered Professional Accountant (CPA) designation in 2016.

Quentin Yarie, Red Pine's President and CEO commented, "We are very pleased to appoint Marc as CFO and welcome him to Red Pine's management team. Marc's experience in capital markets, financial management, and cost control will be invaluable as we continue to advance the Wawa Gold Project."

Mr. Johnson replaces Peter Liabotis, who served as the Company's Chief Financial Officer since November 2012.

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".

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

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.