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File: RMK NR 05-16-2013.docx
News Release
May 16, 2013
Stock Symbol: TSX.V:RMK
Shares Issued: 35,500,004
Red Moon Potash Inc. - Potash Drilling Program in Western Newfoundland
Red Moon Potash Inc. ("the Company" - "Red Moon" TSX-V: RMK) is pleased to announce that it has received the necessary
---> exploration approval to proceed with a drilling program on its Bay St. George potash project. The Company will drill
---> two holes designed to step out 500 metres southwest and 1000 metres northeast from the discovery hole Captain Cook #1
--->. The potash target zone is anticipated to be penetrated at depths less than 450 metres.
The Company has selected Logan Drilling Limited as drilling contractor, a company with extensive potash drilling exper
--->ience in Atlantic Canada. Construction of the drill pads will commence in the next few days. Drilling should commenc
--->e by early June and will take 4-6 weeks to complete.
Red Moon is a subsidiary of Vulcan Minerals Inc. ("Vulcan"). Vulcan is managing the project on behalf of Red Moon an
--->d brings 15 years of drilling experience in the Bay St. George basin using various drilling techniques.
Previous work in the basin located a new potash discovery in the Captain Cook area with variable grades up to 20% K2O
--->(32% KCl). The current program will step out from the discovery hole to better understand the potash distribution in
--->that area. The Company has the benefit of an extensive seismic database in the basin to integrate new drill results a
--->nd better define the distribution of the evaporite rocks which contain the potash beds. The property has immediate ac
--->cess to deep water ports, road and power grid networks. The property is contained within the larger Maritimes Basin o
--->f Atlantic Canada which hosts the Sussex, (New Brunswick) Potash Mine operated and currently under expansion by Potash
---> Corporation of Saskatchewan.
Commenting on the imminent drilling program Mr. Patrick Laracy, President of both Red Moon and Vulcan noted "We are ve
--->ry excited to be once again at the forefront of new resource exploration in western Newfoundland. This program will h
--->elp determine the commercial prospects of the Captain Cook area. There are several other prospects on the 90,000 acre
---> property that will require testing as well. Ultimately the exploratory phase will include 8-10 holes. Notwithstandi
--->ng the tepid equity markets we are advancing this project towards attracting a joint venture partner for development w
--->ork. The available infrastructure and the analogous geology to the potash mine in New Brunswick make for a compelling
---> project."
Red Moon is a junior exploration company focused on potash/salt exploration in western Newfoundland. Vulcan Minerals
--->Inc (TSX.V: VUL) owns approximately 58% of the common shares of Red Moon.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this rele
--->ase. The statements made in this News Release may contain certain forward-looking statements. Actual events or resul
--->ts may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by th
--->e Company. There can be no assurance that forward-looking information will prove to be accurate. Should one or more
--->of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may var
--->y 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.
For information please contact:
Patrick J. Laracy, President
Gerri A. MacNeil, Business Manager, Investor Relations
(709) 754-3186
info@redmoonpotash.com
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