Red Crescent Resources Limited ("RCR") (TSX:RCB)(FRANKFURT:7RC), a mineral
exploration and development company focused on base metals in Turkey, announced
today that Link Investment & Consulting LLP ("Link") has agreed to invest
CAD$1.2 million in cash and convert USD$1.8 million of debt into units at a
price of CAD$0.05 per unit. Each unit will consist of one common share and one
share purchase warrant of RCR. Each warrant entitles the holder to acquire an
additional common share at a price of CAD$0.07 per share for a period of three
years from the date of issuance.


Link presently owns 3,816,114 common shares of RCR representing approximately 4%
of RCR's issued and outstanding shares and following closing will own
approximately 41.4% of RCR's issued and outstanding shares. The cash proceeds
from the private placement are planned to be used primarily to advance the cash
generating capability of the Hakkari project and for general corporate purposes.


The private placement is subject to all regulatory approvals including the
approval of the Toronto Stock Exchange.


In addition, Link as well as other creditors, may be issued up to 2 million
additional units in satisfaction of certain indebtedness due to them amounting
to approximately $100,000.


About Red Crescent Resources 

Red Crescent Resources (TSX:RCB)(FRANKFURT:7RC) is a Turkey-based junior mining
company targeting historically inaccessible areas where generally no modern
application of exploration techniques, mineralogical and metallurgical
assessment or technology has been applied, with potentially significant base
metal deposits under development. For more information, please visit:
www.redcrescentresources.com 


About Link Investment and Consulting LLP 

Link is a company maintaining its corporate offices in London, United Kingdom
and specializes in the trading, investment and marketing of non-ferrous ores and
concentrates on a worldwide basis. The key personnel of Link have extensive
experience in their fields, maintaining a strong global network of contacts with
investors, producers, consumers and international merchants, as well as a strong
history of working in Turkey.


Link has an exclusive marketing agreement with RCR for the sale of production
from the three existing properties under development in Turkey. A partner in
Link is a director of the Company.


Forward-looking statements 

This 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.