VANCOUVER, British Columbia, April 24, 2018 (GLOBE NEWSWIRE) — Red Eagle Mining Corporation (TSX:R) (BVL:R) (OTCQX:RDEMF) is pleased to announce closing of the acquisition of all the issued and outstanding common shares of Red Eagle Exploration Limited (“XR”, formerly known as CB Gold Inc.) not already owned by it.  XR will be delisted from the TSX Venture Exchange effective April 26, 2018.  Pursuant to the transaction, Red Eagle Mining acquired an aggregate of 91,892,516 common shares of XR at a deemed price of $0.135 per share through the issuance of 45,946,258 common shares of Red Eagle Mining.  Prior to the transaction Red Eagle Mining owned 297,948,252 XR Shares, representing 76.43% of the issued and outstanding XR Shares.  As a result of the acquisition, Red Eagle Mining now owns 100% of the issued and outstanding XR Shares.  Red Eagle Mining acquired these securities to consolidate its acquisition of XR.