RHR

Redhill Resources Corp. (TSX VENTURE:RHR) ("Redhill" or the "Company") is
pleased to announce it has signed an Option Agreement ("the Option Agreement")
with GeoNovus Minerals Corp. (TSX VENTURE:GNM) ("GeoNovus") allowing GeoNovus to
acquire all of Redhill's interest in the Nyakagwe Properties (the "Nyakagwe
Properties") in Tanzania, which are strategically located on the Bulyanhulu
regional trend within six kilometres of African Barrick Gold's 10.6 million
ounce Bulyanhulu gold mine. 


The Nyakagwe Properties consist of forty-six primary mining licenses (PMLs), 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").


Redhill completed the acquisition of its initial 85% interest in the 45 PMLs,
100% in another PML (PML2) and 100% interest in the PL in June 2012 (see Redhill
news release dated June 14, 2012) and has the right to acquire the remaining 15%
interest in the PMLs 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. 


To acquire Redhill's interest, including the right to acquire the remaining 15%
interest in the PMLs, in the Nyakagwe Properties, GeoNovus has agreed to pay to
Redhill the sum of $1,200,000 in installments over the next 18 months and issue
1,000,000 shares of GeoNovus to Redhill. 


GeoNovus has a period of 60 days from the date hereof in which to carry out its
due diligence. In addition to GeoNovus being satisfied with the results of its
due diligence, the disposition is subject to Redhill and GeoNovus entering into
a definitive agreement and acceptance for filing by the TSX Venture Exchange on
or before November 30, 2012. 


REDHILL RESOURCES CORP.

Graham Harris, Chairman

"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."

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