(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Red Crescent Resources Limited (formerly NiCo Mining Limited) ("RCR" or the
"Company") is pleased to announce that it has completed today the previously
announced reverse take-over transaction pursuant to which the Company acquired
99.99% of the issued and outstanding shares of Red Crescent Resources (Barbados)
Limited ("RCRB"). The RTO is described in a Filing Statement of the Company
dated October 26, 2010 and in press releases of the Company dated March 25,
2010, August 23, 2010, September 7, 2010 and November 2, 2010 filed on Sedar.


Following completion of the RTO, the remaining proceeds of the private placement
of RCRB described in a press release dated September 7, 2010 of the Company have
been released to RCR from escrow. When consolidated with other balances held
within the RCR Treasury accounts this leaves the company debt free and with
working capital funds of approximately CDN$7.0 million.


At a meeting of shareholders of the Company held on November 4, 2010,
shareholders approved a change in the name of the Company to its present form
and a consolidation of its shares. Articles of Amendment approving the name
change of the Company were filed. As a result of comments received from
shareholders, the Company has determined not to proceed with the consolidation
of shares at this time.


The Company has 82,198,494 Common Shares issued and outstanding, of which
47,378,068 Common Shares are held in escrow under an escrow agreement entered
into in connection with the RTO and listing of the Common Shares.


About Red Crescent Resources Limited

RCR's business objective is to secure, consolidate and grow its portfolio of
base metal opportunities in Turkey, including zinc & lead, copper and manganese
and to rapidly progress these up the value curve to production.


RCR's initial and principal focus is the completion of the exploration and the
development of the Hakkari Zinc Project, but also has a clear albeit secondary
focus, in the exploration and development of its currently non-material
properties, which include the Hakkari Copper Project and Hakkari Manganese
Project opportunities held through its commodity-focused subsidiaries. RCR is
also seeking regional consolidation opportunities for further acquisition. See
the Filing Statement dated October 26, 2010 referred to above.


RCR is proving that its licensed area contains strong potential for the
delineation of mineral resources through the exploration and evaluation with
"state of the art" technologies and techniques of known zinc-lead
mineralization. In a press release issued on August 3, 2010, NiCo described the
first exploration drilling results on RCR's Hakkari zinc project and the assay
results associated with this release, along with further exploration results and
information will be released within the following 10 trading days of this
notice.


A copy of a National Instrument 43-101 - Standards of Disclosure for Mineral
Projects ("NI 43-101") compliant Technical Report entitled "NI 43-101 Technical
Report on the Hakkari Zinc Project" dated March 30, 2010 has been filed on
SEDAR. The report was prepared by Michael James Robertson, Pr.Sci.Nat, MSAIMM,
Principal Consulting Geologist for The MSA Group (Pty) Ltd., on behalf of Red
Crescent Resources Holding A.S. ("RCR"), a 99.99% owned subsidiary of RCRB, in
respect of its Hakkari zinc project located in the Republic of Turkey.


Alan Clegg, a Qualified Person as defined by National Instrument 43-101, has
reviewed and verified the technical information contained in this news release.


The statements made in this press release may contain forward-looking statements
that may involve a number of risks and uncertainties. Actual events or results
could differ materially from the Company's expectations and projections.