Financial News

War Eagle Grants Stock Options

VANCOUVER, BC --(Marketwired - November 10, 2016) - War Eagle Mining Company Inc. (TSX VENTURE: WAR) ("War Eagle" or the "Company") reports that, pursuant to the terms and conditions of its incentive stock option plan, it has granted, in the aggregate, 250,000 stock options to purchase common shares of the Company to William Hamilton, a director of the Company. The options, which vest immediately, are exercisable up to October 31, 2019 at a price of $0.10 per share and are subject to TSX Venture Exchange approval. Upon the grant of new stock options, the Company will have 1,748,000 options outstanding.

This news release was prepared by management of War Eagle, which takes full responsibility for its contents. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Contact Information:

For additional information please contact:

War Eagle Mining Company Inc.

Paul A. Carroll QC

Chairman, President and CEO

416-703-9120

Malcolm P. Burke

Director

604-689-1515 x 308

Email: info@wareaglemining.com

Website: www.wareaglemining.com
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