Redcorp Ventures Ltd.

Redcorp Ventures Ltd.

April 18, 2007 09:01 ET

Redcorp Ventures Ltd.: EP+CM Contracts Awarded for Tulsequah Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 18, 2007) - REDCORP VENTURES LTD. (TSX:RDV) and its wholly-owned subsidiary, Redfern Resources Ltd. (together the Company), are pleased to announce the selection and award of EPCM contracts for the construction of the Tulsequah Project (the Project).

Engineering and Procurement (EP) services will be provided by Wardrop Engineering Inc. (Wardrop), who prepared our February 2007 Feasibility Study. This award demonstrates the Company's satisfaction with the quality of work Wardrop performed for the feasibility study and our confidence that they can deliver a high quality final product. The work will be performed in Wardrop's Vancouver and Saskatoon offices under the direction of Jeremy Breker, Project Manager. The Project will be largely staffed with the same project team that worked on the feasibility study, providing continuity to facilitate rapid development.

Construction Management (CM) will be performed by Merit Consultants International Inc. (Merit) of Vancouver. Merit brings a wealth of experience in managing construction projects for the mining industry. Merit is an internationally experienced consultant with current projects in British Columbia, NWT, Ontario, China, Turkey and the United States. Merit has been responsible for the development of mineral projects worldwide since 1983 and is currently involved in feasibility studies in Ecuador, Peru, Nicaragua, Guatemala as well as Canada and the United States. Joe Rokosh has been named as Merit's Project Manager.

The immediate activities for the EPCM team include:

- Preparing a detailed construction schedule

- Assembling tender packages for key contracts and long lead-time orders

- Commencing detailed design engineering

- Establishing the site infrastructure

Redcorp is also in the process of expanding its management team to direct the EPCM efforts. Announcements regarding each hiring will be made at an appropriate time.

Redcorp Ventures Ltd. is a Vancouver-based mineral exploration and development company with active projects in British Columbia and Portugal. Further information on Redcorp and the Tulsequah Project can be obtained on the Company's website at and at Redfern's website at or by calling toll-free to Troy Winsor, Manager of Investor Relations, at 1-888-225-9662.


Terence Chandler, President

Certain of the statements made and information contained herein is "forward- looking information" within the meaning of the Securities Act (Ontario) and the Securities Act (Alberta). Forward-looking information includes disclosure regarding possible or anticipated events, conditions or results of operations that is based on assumptions about future economic conditions and courses of action and includes future oriented financial information with respect to prospective results of operations or financial position that is presented either as a forecast or a projection. Forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend"; statements that an event or result is "due" on or "may", "will", "should", "could", or "might" occur or be achieved; and, other similar expressions.

More specifically, forward-looking information contained herein includes, without limitation, statements concerning the Company's plans at its Tulsequah Project (inclusive of the Big Bull Project), the net present value of the Tulsequah Project, the timing and amount of estimated future production and mine life, expected future prices of gold, silver, copper, lead and zinc, metallurgical response and net smelter return valuations, mineral reserve and mineral resource estimates, estimated capital and operating costs of the project, estimated capital pay back period, timing of development and permitting time lines; all of which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.

Forward-looking information contained herein is based on material factors and assumptions and is subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from a conclusion, forecast or projection in the forward-looking information. These include, without limitation, material factors and assumptions relating to, and risks and uncertainties associated with, the availability of financing for activities when required and on acceptable terms, the accuracy of the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the consistency of future exploration, development or mining results with the Company's expectations, metal price fluctuations, the achievement and maintenance of planned production rates, the accuracy of component costs of capital and operating cost estimates, current and future environmental and regulatory requirements, favourable governmental relations, the availability of permits and the timeliness of the permitting process, the availability of shipping services, the availability of specialized vehicles and similar equipment, costs of remediation and mitigation, maintenance of title to the Company's mineral properties, industrial accidents, equipment breakdowns, contractor's costs, remote site transportation costs, materials costs for remediation, labour disputes,
the potential for delays in exploration or development activities, timely completion of future NI 43-101 compliant reports, timely completion of future feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, continuing global demand for base metals, expectations and beliefs of management and other risks and uncertainties, including those described under Risk Factors Relating to the Company's Business in the Company's Annual Information Form, dated March 28, 2006, and in each subsequent Management's Discussion and Analysis. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from any conclusions, forecasts or projections described in the forward-looking information. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

News Release 07-13

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