RDM

Red Mile Minerals Corp. (TSX VENTURE:RDM) ("Red Mile" or the "Company") is
pleased to provide an update on the exploration program at the Blue Quartz
Property.


The focus of the fall exploration drill program was to continue to expand the
gold mineralization to depth in the area of the Blue Quartz Mine Shaft.


The drilling program targeted the Main Zone with three drill intercepts from two
new drill holes plus the extension of a previous hole, for a total of 941.3
meters. Results are anticipated in late January, 2013. The Program is following
up on the positive results from the previous drill program, which included 13.95
grams gold over 2.0 meters and 1.3 grams gold over 63 meters.


The Blue Quartz property is reported to have produced gold from high grade veins
during the 1920s and 30s. Production on the property took place with underground
mining operations which extended to a depth at the 740 foot level including 6000
ft of crosscutting later workings and drifting, over half of which was on the
500 foot level.


In addition, the Company announces that, subject to regulatory approval, it has
granted, under its Incentive Stock Option Plan, a total of 900,000 incentive
stock options to certain employees, officers, directors and/or consultants at a
price of $0.10 per share, exercisable for a period of five years.


Red Mile Minerals is a closely held mineral exploration company with a gold
property along the prolific Destor-Porcupine gold-producing region in Ontario
and the Dorset Property in Baie Verte, Newfoundland. Red Mile continues to seek
additional mineral exploration opportunities where the company's exploration
expertise and corporate share structure could substantially enhance shareholder
value. Currently there are 21,245,000 shares issued and outstanding.


To access the Company's updated presentation, clink on the link
www.redmileminerals.com.


This press release contains forward-looking statements. More particularly, the
press release contains forward-looking statements related to the anticipated
closing of the Offering and the use of proceeds therefrom. The forward-looking
statements contained in this document are based upon certain key expectations
and assumptions made by Red Mile, including: expectations and assumptions
concerning receipt of required regulatory approvals and the satisfaction of
other conditions to the completion of and use of proceeds from the Offering.
Although Red Mile believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance should not
be placed on the forward-looking statements because Red Mile can give no
assurance that they will prove to be correct. Since forward-looking statements
address future events and conditions, by their very nature they involve inherent
risks and uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. These include, but
are not limited to, the failure to obtain necessary regulatory approvals or
satisfy the conditions to closing the Offering. 


Additional information on these and other factors that could affect Red Mile's
operations and financial results are included in reports, including Red Mile's
quarterly and annual reports on file with Canadian securities regulatory
authorities and may be accessed through the SEDAR website (www.sedar.com). The
forward-looking statements contained in this document are made as of the date
hereof and Red Mile undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws. 


On behalf of the Board of Red Mile Minerals Corp.

John Hickey, President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
Red Mile Minerals Corp.
John V. Hickey
President & CEO
(416) 637-2139
office@redmileminerals.com
www.redmileminerals.com

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