Redzone Resources Ltd.
TSX : REZ

Redzone Resources Ltd.

November 20, 2013 09:30 ET

Redzone Announces Delisting Review

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 20, 2013) - Redzone Resources Ltd. ("Redzone" or the "Company") (TSX:REZ) announces that is has been advised by staff at the Toronto Stock Exchange (the "TSX") that the Company's common shares will be reviewed to determine if the Company is in compliance with the TSXs continued listing requirements. In particular, the TSX notes that the Company has not spent $350 thousand in exploration expenditures in the past 12 months, as required pursuant to Section 710(c)(i) of the TSX Company Manual. The Company has approximately 120 days to demonstrate to the TSX that its continued listing requirements are being met, failing which the Company will be delisted from the TSX on or about April 18, 2014.

The Company confirms that is has made a strategic decision not to make unnecessary expenditures in order to preserve cash reserves in light of the current challenging economic environment. Accordingly, the Company, together with its partner, determined that future work on the Company's Lara Property will not be undertaken until market conditions improve.

The Company continues to consider and explore acquisition and other potential transactions as they become available and with a view to securing a project that would ultimately be accretive to the Company and its shareholders and that will result in the Company attaining its goal of being a mid-tier mining company. In the interim, in the event the Company is delisted from the TSX, it would seek a listing of its common shares on the TSX Venture Exchange.

About Redzone

Redzone is a mineral exploration company focused on the acquisition and exploration of properties with prospects for hosting gold and base metal deposits. It holds a 55% controlling ownership of Minas Dixon S.A., the title registered holder of the Lara and Tingo Este properties in southern Peru. Redzone is listed on the Toronto Stock Exchange (REZ) and more information can be found at www.redzoneresources.ca.

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, expectations, plans and objectives of Redzone are forward-looking statements that involve various risks. The following are important factors that could cause Redzone's actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future exploration activities and cash flows, and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Redzone undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

The TSX does not accept responsibility for the adequacy or accuracy of this release.

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