Red Crescent Resources Limited ("RCR") (TSX:RCB)(FRANKFURT:7RC), a mineral
exploration and development company focused on base metals in Turkey, today
announced that following a full review by the board, it has approved the
Company's specific business targets established for 2012 project operations. 


"Our project teams defined an operating budget inclusive of contingency
amounting to $3.5 million as sufficient to carry RCR to a position of self
sufficiency within 2012. Disappointingly our recent non-brokered private
placement for this requirement received C$0.27m net and yet pleasingly RCR has
signed an agreement with one of its bankers in Turkey for an inaugural revolving
working capital financing facility of C$0.23m. Further RCR received principle
approval for an application for significantly larger inaugural revolving working
capital financing facilities with its Principal Banker in Turkey supported by
its demonstrated ability to produce sustainable revenues from DSO. RCR is now in
active discussions to conclude these facilities as soon as possible in February,
2012." said Mr. Alan Clegg, Chairman and CEO of Red Crescent Resources Ltd.


"Further and notably, RCR's bankers additionally offered and have agreed in
principle to provide long term leasing up to 5 years on all RCR mobile and
production equipment requirements for Exploration, Underground and Surface
Mining, in association with major international OEM (Original Equipment
Suppliers) like Sandvik, Caterpillar and local Turkish suppliers and this will
make a significant cut in advanced capital deposit and funding requirements
generally within the budget. Here again RCR's project teams are in active
discussions finalizing equipment fleet specifications and delivery contracts,
etc, and news on conclusion will be forthcoming in the near future."


"Our targets for the year have been developed to specifically address our unique
position having three major projects each at various stages of exploration,
development and production, along with significant secondary resource/reserve
targets and through the leveraging of their exceptional in-situ grade profiles
demonstrated by the DSO (direct shipping ore) already produced, along with
deployment of appropriate low cost process and upgrading technologies can
quickly build the cash generative capacity of the corporation; and in order to
enable and establish a baseline position of self funding sufficiency for
resource development in the 2012 operating period."


Commenting further, Mr. Clegg said; "RCR remains in other active discussions
with a major Global Investment Bank which is strategically active in Turkey and
a number of other Turkish parties. These discussions are fully expected to
deliver additional targeted equity funding arrangements up to $3.2m directly
along with additional in-direct funding via 'earn-in' agreements for its Hakkari
projects (Zinc, Copper & Manganese) and other assets by mid-March 2012."


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


Forward-looking statements

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.


About Red Crescent Resources 

Red Crescent Resources (TSX:RCB)(FRANKFURT:7RC) is a Turkey-based junior mining
company targeting historically inaccessible areas where no modern application of
exploration techniques or technology has been applied, with potentially
significant base metal deposits under development. 


RCR's strategic and operational focus is fundamentally under-written by virtue
of its situational geography, i.e. within Turkey as one of the fastest growing
industrial economies. The sustainability of this growth is dependent upon
Turkey's ability to fund the growing balance of payment deficit caused by its
continued and accelerating growth in consumption of the main industrial base
metal & other mineral commodities; four of the top six are Copper, Zinc, Lead,
and Ferro-metals. RCR is the leader in the drive for Turkey to be as far as
possible self sufficient by virtue of its ability to produce the key industrial
base metal commodities required by 2023. For more information, please visit:
www.redcrescentresources.com.