Red Moon Potash Inc.-Potash Drilling Program in Western Newfoundland

Red Moon Potash Inc. ("the Company" - "Red Moon") (TSX VENTURE:RMK) is pleased
to announce that it has received the necessary exploration approval to proceed
with a drilling program on its Bay St. George potash project. The Company will
drill two holes designed to step out 500 metres southwest and 1000 metres
northeast from the discovery hole Captain Cook #1. The potash target zone is
anticipated to be penetrated at depths less than 450 metres.


The Company has selected Logan Drilling Limited as drilling contractor, a
company with extensive potash drilling experience in Atlantic Canada.
Construction of the drill pads will commence in the next few days. Drilling
should commence by early June and will take 4-6 weeks to complete.


Red Moon is a subsidiary of Vulcan Minerals Inc. ("Vulcan"). Vulcan is managing
the project on behalf of Red Moon and brings 15 years of drilling experience in
the Bay St. George basin using various drilling techniques.


Previous work in the basin located a new potash discovery in the Captain Cook
area with variable grades up to 20% K2O (32% KCl). The current program will step
out from the discovery hole to better understand the potash distribution in that
area. The Company has the benefit of an extensive seismic database in the basin
to integrate new drill results and better define the distribution of the
evaporite rocks which contain the potash beds. The property has immediate access
to deep water ports, road and power grid networks. The property is contained
within the larger Maritimes Basin of Atlantic Canada which hosts the Sussex,
(New Brunswick) Potash Mine operated and currently under expansion by Potash
Corporation of Saskatchewan.


Commenting on the imminent drilling program Mr. Patrick Laracy, President of
both Red Moon and Vulcan noted "We are very excited to be once again at the
forefront of new resource exploration in western Newfoundland. This program will
help determine the commercial prospects of the Captain Cook area. There are
several other prospects on the 90,000 acre property that will require testing as
well. Ultimately the exploratory phase will include 8-10 holes. Notwithstanding
the tepid equity markets we are advancing this project towards attracting a
joint venture partner for development work. The available infrastructure and the
analogous geology to the potash mine in New Brunswick make for a compelling
project."


Red Moon is a junior exploration company focused on potash/salt exploration in
western Newfoundland. Vulcan Minerals Inc (TSX VENTURE:VUL) owns approximately
58% of the common shares of Red Moon.


The statements made in this News Release may contain certain forward-looking
statements. Actual events or results may differ from the Company's expectations.
Certain risk factors may also affect the actual results achieved by the Company.
There can be no assurance that forward-looking information will prove to be
accurate. Should one or more of these risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary
materially from any conclusions, forecasts or projections described in the
forward-looking information. Accordingly, readers are advised not to place undue
reliance on forward-looking information. Except as required under applicable
securities legislation, the Company undertakes no obligation to publicly update
or revise forward-looking information, whether as a result of new information,
future events or otherwise.


Shares Issued: 35,500,004

FOR FURTHER INFORMATION PLEASE CONTACT: 
Red Moon Potash Inc.
Patrick J. Laracy
President
[phone]


Red Moon Potash Inc.
Gerri A. MacNeil
Business Manager, Investor Relations
[phone]
[phone] (FAX)
[e-mail]
www.redmoonpotash.com