Red Oak Mining Corp. Announces Management Change and Private Placement

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Red Oak Mining Corp. Announces Management Change and Private Placement

August 20, 2014, Red Oak Mining Corp. (TSX-V: ROC) (the “Company” or “Red Oak”) today announces that it has appointed Mr. Jay Roberge as President and CEO.

Mr. Jay Roberge has been a Director of Red Oak since October 2013 (See press release Oct. 2, 2013) and has extensive experience in the management and financing of publicly traded and private companies in the resource, energy and technology sectors. Mr. Roberge’s success has been founded on a belief in team building, consultation and strong leadership. Mr. Roberge has served at an executive and/or board member of several private and public companies. He is an Associate Partner to Zimtu Capital Corp. (TSX-V: ZC), and also serves on the Board of Directors of Equitas Resources Corp. (TSX: EQT), a junior mineral exploration company, and Cardiff Energy Corp. (TSX-V: CRS) a junior oil and gas exploration company.

To make room for the appointment, Mr. Declan Sweeney has resigned as CEO. Mr. Sweeney will remain with the Company on the Board of Directors.

Concurrently, the Company announces a private placement of up to $400,000 or 8,000,000 units at a price of $0.05 per unit (the “Unit”), subject to the approval of the TSX Venture Exchange (the “Exchange”). Each unit will consist of one common share and one share purchase warrant, with each share purchase warrant entitling the holder to purchase one additional common share of the Company for a period of two years at a price of $0.10 per share in year 1 and $0.20 per share in year 2. The Company intends to use the proceeds from the offering for general corporate purposes and to investigate potential new projects for the Company.

Finder's fees of up to 6% may be payable in cash or common shares of the Company in accordance with Exchange policies.

On behalf of the Board of Directors Red Oak Mining Corp.

Per:

“Declan Sweeney”

Declan Sweeney Director

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.

This news release includes forward looking statements that are subject to assumptions, risks and uncertainties.

Statements in this news release which are not purely historical are forward looking statements, including without limitation any statements concerning the Company's intentions, plans, estimates, expectations or beliefs regarding the future. Although the Company believes that any forward looking statements in this news release are reasonable, there can be no assurance that any such forward looking statements will prove to be accurate. The Company cautions readers that all forward looking statements, including without limitation those relating to the Company's future operations and business prospects, are based on assumptions none of which can be assured, and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward looking statements.

Any forward looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward looking statements, or to update the reasons why actual events or results could or do differ from those projected in the forward looking statements. Unless otherwise required by law, the Company assumes no obligation to update any forward looking statements, whether as a result of new information, future events or otherwise.