Champagne Resources

News Release

War Eagle Signs Definitive Amalgamation Agreement to Acquire Champagne Resources Limited

Vancouver, British Columbia – January 30, 2018 - War Eagle Mining Company Inc. (TSXV - WAR) (“War Eagle” or the “Company”), its wholly owned subsidiary and Champagne Resources Limited (“Champagne”) are pleased to announce that they have entered into a definitive agreement (the “Amalgamation Agreement”) dated January 15, 2018. Champagne, a Toronto-based private company, has a significant land position in the world-class Kirkland Lake gold camp in the Abitibi greenstone belt eight kilometres from the town centre of Kirkland Lake, Ontario. The Amalgamation Agreement was entered into pursuant to a preceding letter agreement between War Eagle and Champagne announced on January 3, 2018.