Redhill Makes Final Payment for 85% Interest in Nyakagwe Properties, Tanzania

Redhill Resources Corp. (TSX VENTURE:RHR) ("Redhill" or the "Company") is
pleased to announce that it has paid the final installment of US$230,000 to
Thamani Mines Ltd. securing the Company's 85% interest in the Nyakagwe
Properties (the "Nyakagwe Properties"), located in Tanzania, East Africa. 


The Nyakagwe Properties are strategically located on the Bulyanhulu regional
trend within six kilometres (km) of Barrick Gold's 12 million-ounce Bulyanhulu
gold mine. The Nyakagwe Properties consist of forty-six Primary Mining Licenses
(PML's) in three contiguous groups encompassing an area of approximately 500
hectares surrounded by prospecting licenses and applications for prospecting
licenses owned and presently being explored by Tembo Gold Corp. 


The Company agreed (see January, 18th 2012 news release) to pay the sum of
US$613,400 in three installments to the underlying vendors, in order to acquire
the 85% interest, 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.


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."