Redhill Increases Stake in High North

This news release is issued pursuant to Multilateral Instrument 62-104 -
Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early
Warning System and Related Take-Over Bid and Insider Reporting Issues.


Redhill Resources Corp. ("Redhill") (TSX VENTURE:RHR), of Suite 2000 - 1177 West
Hastings Street, Vancouver, B.C. V6E 2K3, announces that it has acquired
ownership and control over 850 12% convertible unsecured subordinated debentures
(the "Debentures") of High North Resources Ltd. ("High North") at a price of
$1,000 per Debenture for an aggregate principal amount of $850,000 representing
approximately 9.80% of the total issued and outstanding Debentures of High
North. The principal amount of the Debentures is convertible into common shares
of High North at a price of $0.85 per share at any time on or before April 4,
2015. 


Following the acquisition, Redhill beneficially owns and controls a total of
6,000,000 common shares in the capital of High North representing approximately
11.64% of High North's issued common shares, (ii) beneficially owns warrants
(the "Warrants") entitling Redhill to purchase an additional 1,500,000 common
shares at a price of $0.50 per share; or, assuming exercise of the Warrants, a
total of 7,500,000 common shares or approximately 14.14% of High North's issued
and outstanding common shares on a post-exercise beneficial ownership basis, and
(iii) beneficially owns 850 Debentures having an aggregate principal amount of
$850,000 entitling Redhill to acquire, upon conversion, an additional 1,000,000
common shares at a price of $0.85 per share or, assuming conversion of the
Debentures, a total of 8,500,000 common shares or approximately 15.73% of High
North's issued and outstanding common shares on a post-conversion beneficial
ownership basis (including the exercise of the Warrants). 


The Debentures were acquired by Redhill as principal for investment purposes
pursuant to a private placement offering of Debentures by High North at a
subscription price of $1,000 per Debenture for a total subscription price of
$850,000 cash in reliance upon the prospectus exemption contained in section
2.3(1) of National Instrument 45-106 Prospectus and Registration Exemptions by
virtue of Redhill's status as an "accredited investor" under applicable
securities laws. Redhill's holdings in High North will be evaluated and the
investments increased or decreased from time to time as circumstances warrant. 


A report respecting this acquisition will be electronically filed with the
applicable securities commission in each jurisdiction where High North is
reporting and will be available for viewing through the Internet at the Canadian
System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Redhill Resources Corp.
Andrew Bowering
President & CEO
604-662-8184 or Toll Free: 1-877-662-8184
604-602-1606 (FAX)
www.redhill-resources.com