Red Moon Potash Inc./Vulcan Minerals Inc. - Close Private Placement

Red Moon Potash Inc. ("the Company" - "Red Moon") (TSX VENTURE:RMK) and Vulcan
Minerals Inc. ("Vulcan") (TSX VENTURE:VUL) announce that Red Moon has issued by
way of a non-brokered private placement 2,500,000 units (the "Units") at $0.10
per Unit to Vulcan, a related party for proceeds of $250,000 which will be used
to fund the Company's mineral exploration activities in western Newfoundland and
general working capital. The Units consist of one common share and one-half of a
common share purchase warrant (the "Warrants"), with each full warrant
exercisable at a price of $0.25 per common share for a period of two years. The
shares will have a four month hold period (expiring October 12, 2013) as per
applicable securities law. The financing is subject to final TSX Venture
Exchange approval. Vulcan will now own 60.53% of the outstanding common shares
of Red Moon or 61.78% if the warrants are exercised (without further dilution).


This release may contain certain forward-looking statements. Actual events or
results may differ from the Company's expectations. Certain risk factors beyond
the Company's control may affect the actual results achieved. Accordingly,
readers are advised not to place undue reliance on forward-looking information.
Except by law, the Company undertakes no obligation to publicly update or revise
forward-looking information.


Shares Issued: 38,000,004

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]
[e-mail]
[e-mail]