[Marinir] {Disarmed} Redhill 10 Cents Surrounded by Tembo $1.90 - Drills Turning Soon!

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Thu Mar 1 14:38:57 CET 2012


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http://www.redhill-resources.com/s/home.asp 

Redhill Announces Work Program for the Nyakagwe Property 

Redhill Resources Corp. ( RHR 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=RHR&region=C&lookup=symbol&snapshot=default 

: TSX-V) is pleased to report the planned 2012 exploration program for 
its Nyakagwe Properties located in Tanzania, East Africa. The Nyakagwe 
Properties are strategically located on the Bulyanhulu regional trend 
within six kilometres (km) of Barrick Gold's 12 million-ounce Bulyanhulu 
gold mine. 

The Nyakagwe Properties consist of forty-six primary mining licenses 
(PML's) in three contiguous groups and one prospecting licence (PL) 
encompassing a combined area of approximately 500 hectares surrounded by 
prospecting licenses and applications for prospecting licenses owned and 
presently being explored by Tembo Gold Corp. 

Tembo Gold Corp. recently announced (news release dated February 28th, 
2012) that they have identified an area "between the Nyakagwe Hill and 
the Bulyanhulu River" as a "prominent domain of identifiable artisanal 
gold mining." Three distinctive mineralized trends have been identified, 
two of which, if not all three, trend onto Redhill's properties (see 
attached map). Artisanal gold mining operations are known to exist or 
have existed on the Nyakagwe Properties. These locations typically 
represent outcropping of the mineralized structures and prove to be 
excellent exploration targets that will be tested to depth and along 
strike in the upcoming exploration program. 

The Nyakagwe Properties had exploration work completed in 2008 by Africa 
West Minerals Corp. This work comprised soil sampling, trenching, and 
ground magnetic geophysics, followed by a program of Reverse Circulation 
(RC) and Air Core (AC) drilling. This historical drilling intersected 
mineralization as shallow as 20 metres (m) and returned gold values 
ranging from .32 g/t over 1 m to 7.03 g/t over 4m including 17.75 g/t 
over 1m. These widths and grades are analogous to those being mined at 
Barrick's nearby Bulyanhulu Mine. 

Using a detailed data base from the 2008 program, along with ground 
truthing and additional field work, Redhill is planning an extensive 
exploration program for 2012. The program will include geological 
mapping, satellite imagery for structural trends, rock and soil 
geochemistry, trenching and geophysics, and follow-up drilling. 

The Company is retaining consultants with extensive experience and 
knowledge of the Bulyanhulu gold deposit and regional geology to assist 
with the exploration program. The consultants are based in Mwanza, the 
second largest city in Tanzania, and logistical supply center for gold 
mining operations in the Lake Victoria Gold Fields. 

Redhill Resources is also pleased to announce the appointment of Mr. 
Paul DiPasquale to the Board of Directors, effective immediately. Mr. 
DiPasquale has been involved in the securities industry since 1969 and 
has held various executive positions with responsibility for sales and 
trading operations for a number of brokerage firms in his career, 
including: Brink, Hudson & LeFever Ltd., Yorkton Securities Inc., 
Haywood Securities Inc., Gardiner Watson Ltd., Walwyn Stodgell and 
Canaccord Genuity Corp. where he served as an Executive Vice-President 
and Branch Manager. He is now an independent advisor. 

To find out more about Redhill Resources Corp, please contact investor 
relations at (604) 662-8184 or email investor at redhill-resources.com . 
You may also visit our website at www.redhill-resources.com 

http://www.redhill-resources.com 

. 

REDHILL RESOURCES CORP. 

"Clive Massey" 

Clive Massey 

President & CEO 

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 may contain forward–looking statements. 
Forward-looking statements address future events and conditions and 
therefore involve inherent risks and uncertainties. Actual results may 
differ materially from those currently anticipated in such statements." 

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