Redhill Announces Participation in Private Placement

Redhill Resources Corp., (TSX VENTURE:RHR), ("Redhill" or the "Company") wishes
to announce that it has entered into a subscription agreement to purchase (the
"Investment") a total of 3,000,000 units (the "Units") of a private placement
being conducted by High North Resources Ltd. ("High North") at a price of $0.35
per unit for a total of $1,050,000. Each Unit is comprised of one common share
of High North and one-half of one share purchase warrant exercisable for two
years from closing at an exercise price of $0.50 per whole warrant. 


The Company currently holds 3,000,000 common shares of High North Resources
Ltd., which were acquired when the Company sold its 30% interest in Valleyview
Exploration Inc. ("Valleyview"), an arm's length party, to High North Resources
Ltd. For more information on High North's acquisition of Valleyview, please
refer to High North's news release dated April 23, 2014. 


The Investment, together with the 3,000,000 common shares of High North
currently held by Redhill will result in the Company holding approximately 13%
of High North's issued and outstanding common shares.


The Investment is subject to the approval of the TSX-Venture Exchange. The
Company, as a Tier I issuer, is permitted under Exchange policies to make
investments in other issuers. The Company notes that two of its directors, Brian
Morrison and Graham Harris, are also directors of High North. As a result, they
have abstained from voting on the Board of Directors' approval of the
Investment.


The Company intends to continue to focus on its Aspen Property and its Yellow
Chris Property in Northern British Columbia, on which it has spent approximately
$2,000,000 in exploration expenditures in the last 12 months. The Company will
also continue to actively seek other resources properties and consider
acquisitions of them.


REDHILL RESOURCES CORP.

Andrew Bowering, 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."


FOR FURTHER INFORMATION PLEASE CONTACT: 
Redhill Resources Corp.
Investor relations
(604) 662-8184
info@redhill-resources.com
www.redhill-resources.com

Redhill Resources Corp. (TSXV:RHR)
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