NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Red Crescent Resources Limited (TSX:RCB)(FRANKFURT:7RC) ("RCR"), a base metals
focused mineral exploration and mine development company with operations in
Turkey, is pleased to announce that it has received conditional approval of
Toronto Stock Exchange ("TSX") for the previously announced private placement of
up to 64,000,000 units of RCR (a "Unit") at $0.05 per Unit (the "Private
Placement"). Each Unit will consist of one common share of RCR (a "Common
Share") and one Common Share purchase warrant of RCR (a "Warrant"). Each Warrant
will entitle the holder to acquire an additional Common Share at a price of
CAD$0.07 per Common Share for a period of three years from the date of issuance.
Link Investment & Consulting LLP ("Link"), an arm's length party to RCR, has
agreed to make an investment of CAD$1.2 million in cash and convert USD$1.8
million of debt into Units under the Private Placement. In addition, Link as
well as other creditors, may be issued up to 2 million additional Units under
the Private Placement in satisfaction of certain indebtedness due to them
amounting to approximately $100,000. The other creditors are RCR's Canadian
legal counsel who will convert CAD$23,750 into Units, representing a portion of
legal fees owing to it by RCR, Link who will convert CAD$15,450 into Units,
representing a portion of marketing fees owed to it by RCR and RCR's Turkish
legal counsel who will convert EUR34,000 into Units, representing a portion of
legal fees owed to it by RCR. 


Link presently owns 3,816,114 Common Shares of RCR representing approximately 4%
of RCR's issued and outstanding Common Shares and following closing will own
approximately 41.3% of RCR's issued and outstanding Common Shares. Assuming the
exercise in full of the Warrants issued to Link, Link will own approximately
57.33% of RCR's issued and outstanding Common Shares. As a result, the Private
Placement will materially affect the control of RCR. 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 final approval of TSX and, since the Private
Placement will provide for the issuance of greater than 25% of the currently
outstanding Common Shares and will materially affect the control of RCR, the
rules of TSX require that RCR obtain approval of the Private Placement from the
holders of a majority of the outstanding Common Shares. The rules of TSX provide
that such approval may be obtained in writing from shareholders holding a
majority of the outstanding Common Shares without the requirement to convene a
shareholders' meeting for such purposes, and the Company intends to obtain
shareholder approval in connection with the Private Placement in such a manner.


Assuming the Private Placement is fully subscribed and assuming the exercise in
full of the Warrants, an aggregate of up to 125,000,000 Common Shares will be
issued pursuant to the Private Placement, representing approximately 132% of the
94,377,182 currently issued and outstanding Common Shares. Assuming the Private
Placement is fully subscribed, following the completion of the Private
Placement, there will be approximately 156,443,842 Common Shares issued and
outstanding. Assuming the Private Placement is fully subscribed and assuming the
exercise in full of the Warrants, there will be approximately 218,510,502 Common
Shares issued and outstanding.


The closing of the Private Placement is anticipated to occur on or about July
10, 2012, or such other date as RCR may elect. 


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


About Red Crescent Resources Limited

Red Crescent Resources Limited (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 high
potential for discovery of significant base metal deposits. 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 RCR.