Red Pine Exploration Inc.

Red Pine Exploration Inc.

June 11, 2012 08:00 ET

Red Pine Announces Continuance of the Exploration Program on Ava-Claire between Probe's Borden Lake Discovery and Trelawney's Cote Lake Discovery

TORONTO, ONTARIO--(Marketwire - June 11, 2012) - Red Pine Exploration Inc. (TSX VENTURE:RPX) (the "Company") has begun its 2012 exploration program on the Ava-Claire Property to follow up on the successful 2011 till sampling program. This program returned 30 samples with gold grains and with assay values up to 5.98 g/t gold.

The Ava-Claire Property is located between Probe Mines Borden Lake Discovery (5.848 million ounces gold inferred and indicated) and Trelawney's Cote Lake Discovery (6.87 million ounces gold inferred and indicated), in a new developing gold district. Red Pine's interest in these projects is centered on the potential size of both discoveries and the fact we have a similar geological environment with the potential to host a large scale gold deposit.

The 2011 exploration included a property-scale till sampling program (consisting of 69 sample locations). This sampling also utilized airborne geophysics which identified two areas of anomalous gold values. The objective of the 2012 program is to identify the bedrock sources of the gold anomalies. The Company concludes that based on the favourable geophysical signature, geology and till sampling at Ava-Claire, further exploration is warranted and will be followed up with a drill program in late summer.

A key feature of the Ava-Claire property is that it is set in a similar geologic environment as Probe Mines' Borden Lake discovery. Ava-Claire is located 20 kilometres to the west of the Borden Lake Discovery on the same geologic boundary. The Borden Lake discovery is associated with Timiskaming-age sediments within the Kapuskasing Structural Zone. Timiskaming sediments often show a spatial association with large-scale Archean lode gold deposits such as those found in the Timmins, Kirkland Lake, Hemlo and Red Lake gold camps and thus represent an important geological indicator for the gold potential of an area.

2011 Results

The 2011 till sampling program produced 30 samples with gold grains, including up to 10 gold grains from one sample. Assay results of the till samples returned values up to 5.98 g/t Au. (see the March 29th, 2012 press release for further details). It should be noted that the 30 samples with gold grains, are directly associated with the geologic boundary found on the Borden Lake Property. In addition, these samples were collected from two separate anomalous gold occurrences along the boundary.

Click here to see a location map of the Borden Lake Discovery and the proximity of the Ava-Claire Property.

2012 Exploration Plans

Based on the positive results obtained from the 2011 till sample analysis and assay results, the Company will proceed with a follow up till sampling program in order to identify the bedrock sources of the gold anomalies. Once the bedrock sources are refined, additional exploration in the form of geophysical work and/or trenching will be conducted to plan a drill program in 2012.

The field crew has mobilized to the Ava-Claire property and the till sampling program will be completed in July. The collected till samples will be submitted to Overburden Drilling Management Ltd. (ODM) of Nepean, Ontario for gold grain count analysis.

Qualified Person

Quentin Yarie, P.Geo., is the qualified person in regard to the technical data contained within this news release and will be responsible for overseeing all aspects of the Company's exploration programs.

About Red Pine's Properties

The Ava-Claire Property - Kapuskasing Structural Zone

The Ava-Claire property is set in a similar environment as Probe Mines' Borden Lake discovery. The Borden Lake discovery has an inferred resource of 4.051 million ounces of gold. Red Pine's consultant, Hadyn Butler, completed a regional geologic interpretation of the Kapuskasing structural zone surrounding this recent discovery. Red Pine believes that its geological and geophysical interpretation is that of an extension of the "Borden Lake Belt", as identified by Probe, which continues through the centre of Ava-Claire.

The SaraCourt Property - Swayze Belt

The SaraCourt Property is a regional land package of contiguous, high-potential gold properties totaling approximately 28,000 hectares of patented and unpatented mining lands. Located in and along the newly defined DZ3 Gold Deformation Corridor, this 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 that 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.

More detailed information about the Company is available on the website:

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.

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