GeoNovus Completes Due Diligence on Redhill's Nyakagwe Properties

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Redhill Resources Corp. (TSX VENTURE:RHR) ("Redhill" or the "Company") is pleased to announce that GeoNovus Minerals Corp. (TSX VENTURE:GNM) ("GeoNovus") has completed and is satisfied with its due diligence on the Nyakagwe Properties (the "Nyakagwe Properties") in Tanzania.

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Accordingly, Redhill will proceed with entering into a formal definitive agreement with GeoNovus for the disposition of the Company's Nyakagwe Properties, as discussed in detail in the Company's news release dated September 25, 2012.

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The Nyakagwe Properties consist of forty-six primary mining licenses (PML's), and one prospecting license (PL) encompassing a combined area of approximately 500 hectares surrounded entirely by prospecting licenses and applications for prospecting licenses owned and presently being explored by Tembo Gold Corp. ("Tembo").

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To find out more about Redhill Resources Corp., please visit our website at www.redhill-resources.com.

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REDHILL RESOURCES CORP.

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Andrew Bowering, President & CEO

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FOR FURTHER INFORMATION PLEASE CONTACT: Redhill Resources Corp. Investor Relations (604) 662-8184 or Toll Free: 1 (877) 662-8184 (604) 602-1606 (FAX) [email protected] www.redhill-resources.com