Redhawk Resources, Inc.
TSX : RDK
OTCQX : RHWKF
FRANKFURT : QF7

Redhawk Resources, Inc.

November 29, 2011 09:00 ET

Redhawk Resources Announces Additional Results of 2011 Resource Expansion Drilling at Copper Creek Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2011) - Redhawk Resources, Inc. (TSX:RDK)(OTCQX:RHWKF)(FRANKFURT:QF7) -

  • Thick mineralized zones including 900 ft 0.51% Cu and 1927 ft 0.48% Cu
  • Infill drilling confirming grade and continuity of porphyry zones
  • Fourteen drill holes completed in 2011 resource expansion and upgrade program
  • Three core drills working on 2011 drill program

Redhawk Resources, Inc. ("Redhawk" or the "Company") is pleased to announce the results for four additional drill holes of the 2011 resource expansion and definition program and one hole from a new area of porphyry mineralization (see attached map for drill hole locations: http://media3.marketwire.com/docs/rdk.pdf).

2011 Resource Expansion and Upgrade Drill Program

The 2011 drill program is focused on increasing the connection between the Keel and American Eagle (AE) porphyry areas and infill drilling to move a considerable portion of the AE resource and more of the Keel resource into the Measured and Indicated categories in preparation for a Pre-Feasibility Study commencing early in 2012. Results from earlier drilling in the 2011 program were given in news releases dated June 1, 2011 and September 12, 2011. The drill program is continuing with three core drills working 24/7 on the property. Assay results are pending on a number of completed holes. Assay results for holes, RAE-07-020 drilled vertical to total depth 3671 feet (1119m), RAE-08-029 drilled vertical to total depth 4108 feet (1252m), RAE-11-054 drilled N45W at -85 to total depth 3751 feet (1143m), and RMK-11-070 drilled vertical to total depth 3637 feet (1109m) have been received and significant intervals are shown below. Holes RAE-11-054, which included a lengthy mineralized zone of 900 feet of 0.51% Cu and RMK-11-070 were step out holes designed to increase the connection of the Keel and AE deposits. Hole RAE-07-020, which intersected a significant mineralized zone of 1927 feet of 0.48% Cu, is an infill resource upgrade hole in the AE, and hole RAE-08-029 is a step out hole at the SE margin of the existing AE resource.

RAE-07-020
Start interval end interval thickness Cu% Mo% Ag ppm
310 ft 370 ft 60 ft 0.32 0.002 na
410 ft 450 ft 40 ft 0.42 0.018 na
900 ft 950 ft 50 ft 0.29 0.001 na
1320 ft 1390 ft 70 ft 0.25 0.001 na
1414 ft 1434 ft 20 ft 0.82 0.002 2.72
1493 ft 1521 ft 28 ft 0.33 0.002 1.55
1710 ft 2060 ft 350 ft 0.35 0.012 0.95
Including
1710 ft 1740 ft 30 ft 0.66 0.007 1.27
1800 ft 1966 ft 166 ft 0.40 0.021 1.19
Including
1820 ft 1880 ft 60 ft 0.47 0.046 1.26
1910 ft 1940 ft 30 ft 0.53 0.007 1.60
1960 ft 1966 ft 6 ft 1.05 0.001 3.10
2040 ft 2050 ft 10 ft 0.71 0.002 1.66
2100 ft 2140 ft 40 ft 0.31 0.002 0.84
2200 ft 3100 ft 900 ft 0.51 0.004 1.08
Including
2208 ft 2453 ft 245 ft 0.80 0.003 1.71
2483 ft 2493 ft 10 ft 0.95 0.001 1.57
2531 ft 2627 ft 96 ft 0.79 0.002 1.59
2677 ft 2697 ft 20 ft 0.66 0.002 0.97
2717 ft 2727 ft 10 ft 0.63 0.004 0.51
3170 ft 3316 ft 146 ft 0.26 0.005 0.64
3340 ft 3671 ft 331 ft 0.26 0.003 0.55
RAE-08-029
2935 ft 3075 ft 140 ft 0.54 0.004 1.49
Including
2957 ft 2988 ft 31 ft 0.71 0.008 2.11
3019 ft 3059 ft 40 ft 0.62 0.003 1.45
3420 ft 3486 ft 66 ft 0.29 0.002 0.71
3520 ft 3547 ft 27 ft 0.26 0.002 0.88
3881 ft 3901 ft 20 ft 0.15 0.025 0.42
RAE-11-054
220 ft 250 ft 30 ft 1.02 0.003 1.60
496 ft 535 ft 39 ft 0.29 0.002 1.11
647 ft 687 ft 40 ft 0.24 0.002 1.00
787 ft 827 ft 40 ft 0.20 0.002 0.65
1049 ft 1157 ft 108 ft 0.39 0.003 1.13
Including
1102 ft 1112 ft 10 ft 1.20 0.008 3.46
1310 ft 1347 ft 37 ft 0.41 0.004 0.95
Including
1336 ft 1347 ft 11 ft 0.58 0.006 1.48
1387 ft 1411 ft 24 ft 0.47 0.006 0.78
Including
1387 ft 1400 ft 13 ft 0.65 0.005 0.90
1477 ft 3404 ft 1927 ft 0.48 0.005 1.23
Including
1537 ft 1563 ft 26 ft 1.21 0.008 3.27
1588 ft 1637 ft 49 ft 1.36 0.008 9.88
1667 ft 1705 ft 38 ft 0.64 0.005 1.45
1787 ft 1837 ft 50 ft 0.58 0.027 1.79
1897 ft 2040 ft 143 ft 0.64 0.008 1.28
2080 ft 2147 ft 67 ft 1.00 0.005 1.92
2219 ft 2343 ft 134 ft 0.79 0.002 0.85
2357 ft 2377 ft 20 ft 0.55 0.001 0.54
2403 ft 2422 ft 19 ft 1.29 0.008 1.13
2537 ft 2550 ft 13 ft 0.70 0.028 1.30
2597 ft 2684 ft 87 ft 0.52 0.002 0.86
3053 ft 3164 ft 111 ft 0.60 0.001 1.39
3236 ft 3259 ft 23 ft 0.61 0.010 3.02
3489 ft 3751 ft 262 ft 0.22 0.008 0.84
RMK-11-070
2167 ft 2197 ft 30 ft 0.30 0.003 0.62
2247 ft 2377 ft 90 ft 0.23 0.004 0.36
2387 ft 2407 ft 20 ft 0.37 0.002 0.40
2437 ft 2857 ft 420 ft 0.34 0.006 0.83
Including
2457 ft 2497 ft 50 ft 0.50 0.010 0.52
2617 ft 2637 ft 20 ft 0.44 0.010 0.71
2717 ft 2737 ft 20 ft 0.50 0.008 1.79
2786.2 ft 2857 ft 70.8 ft 0.48 0.013 1.78
2897 ft 3187 ft 290 ft 0.32 0.010 1.58
Including
2965.6 ft 3047 ft 81.4 ft 0.50 0.017 2.48
3082 ft 3097 ft 15 ft 0.54 0.006 1.80
3266 ft 3637 ft 371 ft 0.23 0.010 1.24
Including
3326 ft 3338 ft 12 ft 0.44 0.043 2.58
3507 ft 3527 ft 20 ft 0.32 0.036 1.66
3587 ft 3607 ft 20 ft 0.32 0.008 1.72

True thicknesses have not been determined.
(ft = feet, % = percentage, ppm = parts per million, na = not assayed, Cu = copper, Mo = molybdenum, Ag = silver, nil = below detection)

Redhawk believes the results from the infill and expansion holes reported above and previously will help not only in demonstrating the continuity of mineralization between the Keel and AE but should also increase the total resources of the combined deposits.

District Exploration holes

Drill hole REX-11-053, the third hole drilled in a new area of mineralization located approximately1550 feet (472m) west of the Keel resource boundary, was drilled N70E at -83 degrees to a total depth of 3967 feet (1209m). Results from the third hole are listed below. All three holes from the same site intersected zones of potentially economic grades of copper and molybdenum mineralization. Results of holes REX-10-047 and REX-11-052 were reported in the September 12, 2011 news release.

REX-11-053
Start interval end interval thickness Cu% Mo% Ag ppm
2600 ft 2670 ft 70 ft 0.43 0.008 0.70
Including
2640 ft 2670 ft 30 ft 0.54 0.011 0.80
2840 ft 2900 ft 60 ft 0.36 0.013 0.72
Including
2880 ft 2900 ft 20 ft 0.48 0.026 0.94
3010 ft 3020 ft 10 ft 0.57 0.009 2.82

True thicknesses have not been determined.
(ft = feet, % = percentage, ppm = parts per million, nil = below detection, Cu = copper, Mo = molybdenum, Ag = silver, na = not assayed)

Redhawk believes the drilling results from the three holes drilled from the REX-10-047 site west of the Keel resource boundary suggest the strong possibility of an area that can be developed into a new resource. It is also possible that the resource may connect with the existing Keel and AE porphyry resource. Additional drilling will be required in the new area and will be considered after the resource expansion and upgrade drilling in the 2011 drill program is completed.

R. Joe Sandberg, Redhawk President and CEO, stated, "The resource upgrade and expansion drilling between the Keel and AE deposits continues to be very encouraging. The drilling will lead to a new resource update in early 2012. The additional permitting, hydrology, metallurgical and mine optimization efforts are continuing in preparation for the Pre-Feasibility Study in early 2012. We believe the outcome of these efforts will continue to move the Copper Creek project closer to a production decision."

R. Joe Sandberg, CPG, Redhawk President, CEO and a Qualified Person under the meaning of NI 43-101, is responsible for the technical content of this news release.

All core samples are picked up on site by Redhawk geologists or delivered by the drillers to Redhawk personnel. All samples are delivered by Redhawk personnel to ALS Laboratory Group ISO 9001:2000 & ISO 17025 in Elko, NV or Reno, NV for assay or to Jacobs Assay Office Registered Assayers in Tucson, AZ for sample preparation to pulps and shipped by Jacobs using UPS to ALS in Reno, NV. Check assay standards are submitted with each assay job, and reviewed for accuracy. Check assaying is being performed by Inspectorate and KD Engineering/Metcon.

About Redhawk

Redhawk is a Canadian-based resource exploration and development company with primary focus on the accelerated development of its advanced stage Copper Creek copper-molybdenum project in San Manuel, Arizona. The 100% owned Copper Creek property consists of approximately twenty-eight square miles of contiguous patented and unpatented mining claims and state prospecting permits, located about 70 miles northeast of Tucson, Arizona and about 15 miles east of San Manuel. The property is in the prolific southwest US porphyry copper belt at the projected intersection of a major northwest belt of porphyry copper deposits or mines (Ray, Miami/Globe, Superior/Resolution, Johnson Camp) and a major east-northeast belt of porphyry deposits (San Manuel/Kalamazoo, Silver Bell, Lakeshore, Safford, Morenci). The property is within sight of the former BHP Kalamazoo/San Manuel copper smelter and mine and within 30 miles of an existing operating copper mill and smelter. The area is a mining friendly and politically secure location with excellent and readily accessible infrastructure including power, rail, water, roads and qualified consultants.

ON BEHALF OF THE BOARD

R. Joe Sandberg, President & CEO

The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, Redhawk does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise. By its very nature, such forward-looking information requires Redhawk to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.

Neither TSX Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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