Redhill Receives AUD$2,000,000 Payment From Mutiny Gold

Redhill Resources Corp. (TSX VENTURE:RHR) ("Redhill" or "the Company") is
pleased to announce that the Company is in receipt of AUD$2,000,000 payment from
Mutiny Gold Ltd. ("Mutiny") due on or before October 31, 2011. 


Under the acquisition agreement (the "Agreement") dated July 20th, 2010, Mutiny
has the right to purchase 70% of the Gullewa Gold Project by scheduled payments
totaling AUD$9,000,000. 


Mutiny has paid a total of AUD$9,000,000 to date, and has now fulfilled it's
obligation to earn 70% under the Agreement.


Upon earning a 70% interest in the Gullewa Gold Project, Mutiny may elect to
enter into a 70/30 joint venture agreement with the Company or it may acquire a
further 30% interest by completing a positive feasibility study on the Gullewa
Gold Project and by paying to Redhill an additional AUD$4,000,000. If Mutiny so
elects, it will have acquired 100% of the Gullewa Gold Project and Redhill will
retain a 10% net profit interest.


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."

Redhill Resources Corp. (TSXV:RHR)
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