Red Moon Potash Inc. ("the Company" - "Red Moon") (TSX VENTURE:RMK) and Vulcan
Minerals Inc. ("Vulcan") (TSX VENTURE:VUL) announce that Red Moon proposes to
carry out a non-brokered private placement of 5,000,000 units (the "Units") at
$0.10 per Unit to Vulcan, a related party for proceeds of $500,000 which will be
used to fund the Company's mineral exploration activities in western
Newfoundland and general working capital. The Units consist of one common share
and one-half of a common share purchase warrant (the "Warrants"), with each full
warrant exercisable at a price of $0.25 per common share for a period of two
years. The shares will have a four month hold period as per applicable
securities law. The financing is subject to final TSX Venture Exchange approval.
Assuming the placement closes Vulcan will own 65.12% of the outstanding common
shares of Red Moon or 67.03% if the warrants are exercised (without further
dilution). 


The company has received permitting approval for a two hole drill program to
delineate the salt and potash discovery in the Captain Cook area of western
Newfoundland. Drilling bids are currently being evaluated for an anticipated
summer drill program. The proceeds from the proposed financing will be
specifically used to finance the drill program. The company also graciously
acknowledges that, in relation to its 2013 drill program, it has received a
$100,000 grant pursuant to the Junior Exploration Assistance Program sponsored
by the provincial government. 


The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release. This release may contain certain
forward-looking statements. Actual events or results may differ from the
Company's expectations. Certain risk factors beyond the Company's control may
affect the actual results achieved. Accordingly, readers are advised not to
place undue reliance on forward-looking information. Except by law, the Company
undertakes no obligation to publicly update or revise forward-looking
information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Red Moon Potash Inc.
Patrick J. Laracy
President
(709) 754-3186
info@redmoonpotash.com
www.redmoonpotash.com
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