Red Pine Exploration Inc.
TSX VENTURE : RPX

Red Pine Exploration Inc.

April 28, 2011 09:15 ET

Red Pine Adds Two Highly Prospective Properties & Provides Exploration Update

TORONTO, ONTARIO--(Marketwire - April 28, 2011) - Red Pine Exploration Inc. ("Red Pine" or the "Company") (TSX VENTURE:RPX) is pleased to announce the staking of two new properties along the Kapuskasing Structural Zone, along with an update of exploration activities on the SaraCourt Property.

"We have an extensive land package that encompasses various geologic regimes that are all highly prospective for gold. Red Pine has been diligent in assembling a highly experienced and expert technical team that have taken significant time to review the properties and offer interpretation(s) and recommendations for the upcoming drill program" – Quentin Yarie

Property Holdings

The company has assembled a land package with a number of opportunities to host large gold bearing systems:

  • SaraCourt
    • Michelle/Michelle Extension – tightly folded gold bearing porphyry dykes (7.76 g/t Au over 15.42 metres, including 17.71 g/t Au over 3 metres; see Press Release dated October 21, 2010)
    • Krista Zone – elevated gold hosted in a stacked shear system (4.71 g/t over 1.1 metre and 5.5 g/t over 1.0 metre); see Press Release dated February 8, 2011)
    • Maya Zone – previously identified large porphyry system on strike with the Rundle Mine
    • Mortimer – gold bearing shear system adjacent to the Kenty Mine
  • Ava-Claire – newly staked property on strike with the "Borden Lake" discovery by Probe Mines
  • Butler-Yarie – newly staked greenstone property within the Kapuskasing structural zone

SaraCourt Property - Michelle Zone Update

As stated in the April 20, 2011 Press Release, drilling will commence on the Michelle Zone following the completion of drilling on the Mortimer Zone of the SaraCourt Property.

A hole-to-hole IP/Resistivity survey, completed in February 2011 by Abitibi Geophysics, has identified two new targets, lying between 100 and 200 metres below the surface, to be followed up with drilling in the northern region of the Michelle Zone.

The primary target of interest from the hole-to-hole IP/Resistivity survey is a chargeability anomaly which lies at a vertical depth of 150 metres in an area which has yet to be drill tested. This target is located along the down dip extension of the gold-bearing zone discovered by Red Pine Exploration with drill hole RPX10-02 (7.76 g/t Au over 15.42 metres, including 17.71 g/t Au over 3 metres; see Press Release dated October 21, 2010).

Ava-Claire Property

With the recent acquisition of the Ontario Government public-domain magnetic data, a new geological and geophysical interpretation was completed by Haydn Butler, P.Geo. This new interpretation has resulted in the identification of large-scale geologic structure(s) that the Company's consultants believe have high gold potential, with a structural model comparable to the >3,000,000 ounce Tropicana gold discovery in Western Australia.

The interpretation of these newly identified large-scale geologic structures also resembles the sediment type deposit of Probe Mines "Borden Lake Property" (see Probe Mines Press Release dated November 2, 2010 for more details). This previously unidentified structure has been staked as the Ava-Claire Property. Ava-Claire is 470 claim units – or 7,526 hectares in size.

Butler-Yarie Property

The Company's new geological and geophysical interpretation has also identified as a previously unknown greenstone belt within the Kapuskasing structural zone, which has been staked as the Butler-Yarie property. The Company's consultants also believe this area to be highly prospective for gold mineralization, resembling the Abitibi-Wawa mesothermal gold deposit model. The land position consists of 87 claim units representing 1,386 hectares.

A recently completed VTEMplus (Geotech) Airborne survey (March, 2011) has identified a conductive trend, along a high intensity magnetic feature with an east-west strike length of 5 kilometres, which the Company believes may represent metallic sulphide mineralization. The Company will explore the conductor with an aggressive prospecting program that will begin immediately after winter breakup.

During the staking process of the Butler-Yarie property a number of grab samples were taken to identify the host rock materials. Along the structure identified by both the magnetic and EM it was noted that the host rocks were not the gneisses typical of the Kapuskasing structure but greenstone with trace sulphides.

For more information on the Ava-Claire and Butler-Yarie Properties, please visit the Company's website at www.redpineexp.com.

About The SaraCourt Property

The SaraCourt Property is a regional land package of contiguous, high-potential gold properties totalling approximately 28,000 hectares of patented and unpatented mining lands. Located in and along the newly defined DZ3 Gold Deformation Corridor, the Property holds a series of deformation zones and regional fault branches that host abundant gold showings and join the Destor-Porcupine Deformation Zone to the northeast, and join to the western extension of the Larder Lake Deformation Zone fault those branches to the southwest. The Destor-Porcupine Fault Zone is spatially associated with gold deposits in the Timmins-Porcupine Gold Camp that have produced more than 65 million ounces gold to date.

Quentin Yarie, P.Geo, Senior Vice President of Exploration is the qualified person for the technical data contained within this report.

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Cautionary Statement: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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