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File: 2013-12-19-RHR-HighNorth-MOU-FINAL.docx

 December 19, 2013

Redhill acquires Petroleum and Natural Gas Leases

Redhill Resources Corp., (RHR: TSX-V), ("Redhill" or the "Company") wishes to announce that it has acquired a 100% int
--->erest in a total of 7 crown petroleum and natural gas leases (the "Leases") in the Government of Alberta's December 18
--->, 2013 public offering of Crown land rights (the "Auction").  Total consideration for the accepted offers was $1,961,6
--->47 (the "Bid Amount").  The leases total 1,792 hectares and are located in northwestern Alberta.   The Company does no
--->t, at this time, intend to develop or drill the Leases.  Instead, it has entered into a binding memorandum of understa
--->nding (the "MoU") with High North Resources Ltd. ("High North") whereby High North is granted the option (the "Option"
--->) to purchase the Leases within 4 months of the Auction by paying to the Company the Bid Amount plus a premium of 10%.
--->  

If the Option is extended to 6 months and exercised between 4 and 6 months from the date of the Auction, High North wi
--->ll, subject to regulatory approval, issue to the Company 1,000,000 share purchase warrants entitling the Company to pu
--->rchase 1,000,000 common shares of High North at a price of $0.60 per share.  The Company will retain a 2.5% gross over
--->riding royalty in any production from the Leases if the Option is exercised.  The Option and any issuance of securitie
--->s by High North may be conditional upon the approval of the TSX-Venture Exchange.  

In the event that the Option is not exercised (either by April 18, 2014 or by June 18, 2014 in the event that the Opti
--->on is extended by High North to 6 months) the Company will review its alternatives for the Leases.  Under the terms of
---> the MoU, High North is to provide the Company with draft confidentiality, option and gross overriding royalty agreeme
--->nts for review.

To find out more about Redhill Resources Corp, please contact investor relations at (604) 662-8184 or email info@redhi
--->ll-resources.com.  You may also visit our website at www.redhill-resources.com. 
REDHILL RESOURCES CORP.

"Andrew Bowering"

Andrew Bowering
President & CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE 
--->TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 

"This news release may contain forward-looking statements.  Forward-looking statements address future events and condi
--->tions and therefore involve inherent risks and uncertainties.  Actual results may differ materially from those current
--->ly anticipated in such statements."