RHR

Redhill Resources Corp., (TSX VENTURE:RHR), ("Redhill" or the "Company") is
pleased to announce it has entered into an agreement dated May 2, 2013 with
Teuton Resources Corp. (TSX VENTURE:TUO), ("Teuton") to option Teuton's Yellow
Chris South claims ("the Property"). The Property is 12.86 square kilometres in
size and located east of the town of Iskut in the Red Chris region of
northwestern British Columbia. 


The Property adjoins Colorado Resources Ltd.'s North Rok property to the north
and east, and is situated within a couple of kilometers of Colorado's recent
discovery hole reported as running 242 metres averaging 0.63% copper and 0.85
g/t gold. Refer to Figure 1, available at the following link:
http://media3.marketwire.com/docs/rhr0507.pdf.


Previous work on the Yellow Chris South claims, including geophysical and
geochemical sampling, has identified a geophysical setting similar to that at
the North Rok property. 


Redhill is planning a program of soil sampling, geological mapping and
geophysical surveying over the Yellow Chris South claims to start immediately.
Diamond drilling is anticipated to follow on any early success.


Terms of the Agreement

The terms of the Agreement call for the Company and Teuton to enter into a
formal option agreement ("the Option Agreement") under which Redhill can earn up
to a 60% interest in the Property by completing the following:


To earn a 50% interest over a four year option term, Redhill is required to pay
Teuton $75,000 per year to a total of $300,000, issue 350,000 common shares per
year, for a total of 1,400,000 common shares and incur $4,500,000 in aggregate
work commitments on the Property.


Upon completion of the 50% earn-in, Redhill can earn an additional 10% interest
in the Property, bringing the total interest to 60%, by paying Teuton $200,000,
issuing 200,000 common shares and incurring a further $2 million in work on the
Property.


The Option Agreement is subject to regulatory approval. This news release has
been reviewed by Brent Butler, Director, and a Qualified Person as that term is
defined in NI 43-101.


About Redhill Resources Corp.

Redhill Resources Corp. is a TSX-V listed company with approximately $7.5
million in working capital and marketable securities and numerous mineral
exploration assets in British Columbia, Tanzania, and Utah.


REDHILL RESOURCES CORP.

Andrew Bowering, President & CEO

"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
investor@redhill-resources.com
www.redhill-resources.com

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