Red Pine Exploration Completes Private Placement of Flow-Through Shares

August 24, 2010

Red Pine Exploration Inc. (“Red Pine”) (TSX-V: RPX) completed a private placement of 14,437,500 units at a price of $0.08 per unit for gross proceeds of $1,155,000. Each unit is composed of one flow-through common share and one half of one common share purchase warrant. Each full warrant entitles the holder to purchase one common share of Red Pine for $0.15 and expires 24 months following closing.

Wildeboer Dellelce LLP acted for Red Pine with a team that included Al Wiens and Colin Grosskurth (corporate/securities).