Redhill Closes Acquisition of Prospecting License Within Tembo's Claim Block

Redhill Resources Corp. (TSX VENTURE:RHR) ("Redhill" or the "Company") is
pleased to report that, further to its news release of January 25th, 2012, the
Company has closed its mineral claim purchase agreement (the "Agreement") with
Thamani Mines Ltd.


The Agreement allows Redhill to acquire a 100% interest in a prospecting license
adjoining its Nyakagwe property (the "Nyakagwe Property") located in Tanzania,
East Africa. This additional land adds 100 hectares to the Nyakagwe Property,
bringing the Company's total land holdings to 500 hectares. 


The Nyakagwe Property is strategically located on the Bulyanhulu regional trend
within six kilometres (km) of Barrick Gold's 12 million-ounce Bulyanhulu gold
mine. The property consists of forty-six Primary Mining licenses (PML's) and one
prospecting license (PL) that is contiguous to the Company's PMLs. 


The Nyakagwe PML's and PL's are surrounded entirely by prospecting licenses and
applications for prospecting licenses owned and being explored by Tembo Gold
Corp. 


Historically, limited exploration was completed on the Nyakagwe Property to
evaluate the potential for near surface mineralization. Large scale artisanal
gold mining has been carried out on the project area for more than a decade and
continues to be prevalent on the property today.


The Company is fully funded and is planning an extensive exploration program 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 RESOURCES CORP.

Clive Massey, 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."