Redhill Resources Corp.: Induced Polarization Survey Commences at Honey Comb Hills

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 1, 2011) - Redhill Resources Corp. (TSX VENTURE:RHR) ("Redhill" or the "Company") is pleased to announce that a 4.5 line kilometre Induced Polarization Survey (IP) is now underway at the Company's Honey Comb Hills Rare Earth project in Juab County, Utah. The Honey Comb Hills Property (the "Property") is 20 miles west of IBC Advanced Alloys Project also in Juab County.

The Property comprises an alkalic rhyolite flow dome complex which exhibits highly anomalous rare earth elements, lithium, beryllium, and rubidium. Mineralization occurs throughout the dome but appears to be higher in grade within a flat to gently dipping sequence of rhyolite tuffs and breccias. Initial surface sampling report assays of up to 1043 ppm total rare earth oxides (TREO), 1690 ppm lithium, greater than 1000 ppm beryllium and 1270 ppm rubidium. Detailed mapping shows an anomalous area of roughly 500 by 1000 metres with a satellite anomalous area of 500 by 500 metres. In addition, both anomalies are flanked by quaternary alluvium and could extend substantially under shallow cover. 

The IP survey is being conducted to quantify geophysical responses on the known anomaly and to subsequently outline potential extension of the mineralized zones under shallow alluvial cover. In addition, the program hopes to identify potential feeder structures within known areas of mineralization. The program is considered an orientation survey which could be substantially expanded if positive results are obtained.

The Honey Comb Hills Property is in the same county, and hosts a similar geologic environment, to nearby Spor Mountain Mine. Spor Mountain Mine is owned by Brush Engineered Metals and produces approximately 48,000 tonnes of bertrandite ore annually, grading 0.35% beryllium, representing nearly 60% of world production. Studies conducted by the U.S. geological survey and by the U.S. Bureau of Mines in the 1960's confirm the extent and grade of the beryllium deposits in this area.

This news release has been reviewed by Brent Butler, a Qualified Person as that term is defined in NI 43-101.

To find out more about Redhill Resources Corp. please visit our website at www.redhill-resources.com.

REDHILL RESOURCES CORP.

Graham Harris, Chairman

"This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the potential mineralization and geological merits of the Honey Comb Hills property and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation."