Redhill Acquires Tanzanian Properties on Strike with Barrick's Bulyanhulu Mine

Redhill Resources Corp. (TSX VENTURE:RHR) ("Redhill" or the "Company") is
pleased to announce that it has entered into an Agreement (the "Agreement") with
Thamani Mines Ltd. allowing Redhill to acquire an initial 85% interest, and the
right to acquire the remaining 15% interest, in the Nyakagwe project (the
Nyakagwa Project"), located in Tanzania, East Africa. 


The Nyakagwe Project is strategically located on the Bulyanhulu regional trend
within six kilometres (km) of Barrick Gold's 12 million-ounce Bulyanhulu gold
mine. The Nyakagwe Project consists of forty-six Primary Mining licenses (PML's)
in three contiguous groups encompassing an area of approximately 400 hectares
surrounded by prospecting licenses and applications for prospecting licenses
owned and presently being explored by Tembo Gold Corp. 


In order to acquire the 85% interest, the Company has agreed to pay the sum of
US$613,400 to the original vendors, of which US$383,400 has been paid, and a
further US$230,000 is to be paid on June 15, 2012. The remaining 15% interest
can be acquired by the Company by paying a sum equal to 5% of the spot price of
gold at the date of purchase multiplied by the number of mineable ounces of gold
that the 15% interest represents based on a feasibility study.


Historically, very limited surface exploration programs were completed on the
Nyakagwe Project to evaluate the potential for near surface mineralization.
Artisanal gold mining has been carried out on the project area for more than a
decade and continues to be very prevalent on all three groups of licenses today.


The Company is planning an extensive exploration program on for 2012. The
program will include mapping, sampling, trenching and induced polarization (IP),
with the intention of defining drill targets for the upcoming exploration
season. Redhill is well funded for all planned exploration with over $12 million
in cash and marketable securities.


The Company would also like to report the appointment of Mr. Clive Massey as
President and Chief Executive Officer of Redhill Resources Corp. Mr. Massey is
an experienced executive with over 20 years in the mining and finance sectors.
He has a strong background in the public markets and has structured both debt
and equity financings. Mr. Massey has held directorships with various companies
listed on the TSX Venture Exchange. From 2005 - 2007 Mr. Massey served as
President and Chief Executive Officer of Universal Uranium Inc.


The Company would also like to report the grant of 1,560,000 incentive stock
options to certain directors, officers, employees and consultants of the Company
at a price of $0.14 per common share, exercisable for a 5 year period.


A finder's fee of the maximum allowed under the policies of the TSX Venture
Exchange will be paid in cash in connection with the acquisition.


This news release has been reviewed by Brent Butler, a Qualified Person as that
term is defined in NI 43-101.


To find out more about Redhill Resources Corp, please contact investor relations
at [phone] or email [e-mail]. You may also visit
our website at www.redhill-resources.com.


REDHILL RESOURCES CORP.

Graham Harris, Chairman

"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."