TORONTO, Oct. 12, 2017 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V:RPX) (“Red Pine” or the “Company”) has agreed to settle certain of its flow-through obligations (the “Debt”) relating to its obligation to indemnify certain subscribers of its flow-through shares (the “Indemnities”) in respect of tax payable in connection with the reassessment of such subscribers’ tax returns, with the issuance of common shares of the Company (the “Common Shares”).