Red Moon Potash Inc. ("the Company" - "Red Moon") (TSX VENTURE:RMK) and Vulcan
Minerals Inc. ("Vulcan") (TSX VENTURE:VUL) announce that Red Moon has closed its
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 TSX Venture Exchange has approved the financing.
The shares will have a four month hold period as per applicable securities law.
Vulcan now owns 65.12% of the outstanding common shares of Red Moon or 67.03% if
the warrants are exercised (without further dilution).


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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