War Eagle Grants Stock Options

VANCOUVER, BC--(Marketwired - November 06, 2014) - War Eagle Mining Company Inc. (TSX VENTURE: WAR) ("War Eagle" or the "Company") reports that, pursuant to the terms and conditions of its incentive stock option plan, it has granted, in the aggregate, 798,000 stock options to purchase common shares of the Company to certain directors, officers and consultants of the Company. The options, which vest immediately, are exercisable for a five-year period at a price of $0.10 per share and are subject to TSX Venture Exchange approval. In addition, the Company has cancelled an aggregate of 897,000 stock options previously granted to certain directors and officers of the Company.

This news release was prepared by management of War Eagle, which takes full responsibility for its contents. 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.