Red Pine Exploration Inc. ("Red Pine" or the "Company") (TSX VENTURE:RPX)
announces the signing of an Exploration Agreement ("EA") effective December 1,
2013 between the Flying Post First Nation Community ("FPFN") and the Company in
connection with the exploration and development of its Cayenne-Chili Property
located about 110 kilometres south-west of Timmins.


The EA outlines the working relationship between the Parties with respect to
exploration activities within an Area of Interest, which falls entirely within
the FPFN Traditional Territory. The Area of Interest includes all claims and
surrounding area forming the Cayenne-Chili Property, which is the focus of the
Company's current exploration activity.


The EA remains in effect until such time as the Company or its designate and the
Flying Post First Nations have entered into an Impact Benefit Agreement.


The agreement includes specific terms that underline each Party's mutual respect
for the land and a responsible approach to exploring in FPFN's Traditional
Territory. In addition to Community support and input, the agreement also
provides the Company with unencumbered access to and on the property in order to
conduct all activities related to its exploration and development programs.


In conjunction with the signing of this agreement and in recognition of Flying
Post First Nations inherent Aboriginal and Treaty rights, the Company has
primarily agreed to provide compensation and consideration to the Community as
follows, subject to the occurrence of specific thresholds. The agreement also
includes terms and conditions outlining environmental protection, employment,
training and business opportunities, and mitigation of impacts on the
traditional pursuits of Flying Post First Nations members.




--  Issuance of up to 300,000 common shares. (see Note 1)
--  Issuance of up to 700,000 common share purchase warrants with a 5 year
    term at an exercise price to be determined as at the date of issuance.
    (see Note 1)
--  Lump sum cash payment s of up to $15,000
--  On-going cash contribution equal to 2% of all assessment eligible
    exploration expenditures incurred on the property to a maximum of
    $50,000 per agreement year



NOTE 1: All securities issued in connection with this agreement are subject to
TSX Venture Exchange approval and a hold period of 4 months and a day from date
of issuance


We would like to take this opportunity to sincerely thank Chief Murray Ray and
the FPFN Community as well as the Wabun Tribal Council for their considerations
and assistance in reaching this accord. We look forward to working with the
Community and to build a mutually beneficial relationship over the coming years.


GEOPHYSICAL CREWS MOBILIZED TO CAYENNE-CHILI PROPERTY

The Company has resumed exploration on its Cayenne-Chili property, southwest of
Timmins, Ontario. Crone Geophysics and Clearview Geophysics have both mobilized
to the camp and will initiate electromagnetic and down-hole IP surveys of
selected historic and recent boreholes. This program is expected to be completed
within 2-3 weeks.


Drilling by Norex will resume again upon completion of the geophysical surveys.
Further updates will be provided once initial assay results from the previous 3
holes drilled late last year are received and analyzed which are expected in
late January or early February 2014.


Qualified person

Quentin Yarie, PGeo, is the qualified person in regard to the technical data
contained within this news release and will be responsible for overseeing all
aspects of the company's exploration programs.


About Red Pine Exploration Inc.

Red Pine Exploration is a gold and base-metals exploration company headquartered
in Toronto, Ontario, Canada. The Cayenne-Chili Property consists of 57
contiguous mining claims totaling 8704 hectares. The Company's common shares
trade on the TSX Venture Exchange under the symbol "RPX".


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Red Pine Exploration Inc.
Quentin Yarie
President & COO
(416) 364-7024
(416) 364-2753 (FAX)
qyarie@redpineexp.com
www.redpineexp.com

Red Pine Exploration (TSXV:RPX)
Historical Stock Chart
From Jul 2024 to Aug 2024 Click Here for more Red Pine Exploration Charts.
Red Pine Exploration (TSXV:RPX)
Historical Stock Chart
From Aug 2023 to Aug 2024 Click Here for more Red Pine Exploration Charts.