Red Crescent Resources Limited (TSX:RCB)(FRANKFURT:7RC) ("RCR")

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


This press release is issued pursuant to Multilateral Instrument 62-104 -
Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early
Warning System and Related Take-Over Bid and Insider Reporting Issues.


Link Investment and Consulting, LLP ("Link") has acquired ownership of
60,722,960 units at a price of CAD$0.05 per unit (the "Units") of Red Crescent
Resources Limited (the "Issuer"), a TSX listed corporation, each Unit being
comprised of one common share in the capital of the Issuer and one common share
purchase warrant, each whole warrant entitling Link to purchase one additional
common share in the capital of the Issuer at a per share price of CAD$0.07 until
July 18, 2015. Link made an investment of CAD$1.2 million in cash and converted
a USD$1.8 million loan into Units under the Private Placement, and converted
CAD$15,450 owed to Link by RCR into Units. The 60,722,960 common shares acquired
by Link represents approximately 41.25% of the Issuer's issued and outstanding
common shares on a non-diluted basis. 


Immediately after this acquisition, Link owned on a non-diluted basis an
aggregate of  64,539,074 common shares in the capital of the Issuer representing
approximately 41.25% of the Issuer's outstanding common shares on a non-diluted
basis, plus warrants entitling Link to purchase 60,722,960 common shares in the
capital of the Issuer or, assuming exercise of these warrants, an aggregate of
125,262,034 common shares or approximately 57.33% of the Issuer's common shares
on a non-diluted basis. 


The Units were acquired for investment purposes by Link, by cash subscription
and debt conversion, through a private placement offering conducted by the
Issuer. Link intends to evaluate these holdings and to increase or decrease its
investment in the Issuer as circumstances warrant.


A voting trust agreement (the "Voting Trust Agreement") has been entered into
between Link and several shareholders of the Issuer (the Issuer is not a party
to the Voting Trust Agreement). The Voting Trust Agreement provides that Cem
Elmastas, acting as a representative for Link, will act as voting trustee (the
"Voting Trustee"). The Voting Trustee has the power to vote the shares in the
voting trust in a manner as it sees fit. Each shareholder who is a party to the
Voting Trust Agreement may sell, at their sole discretion, up to 15% of their
respective voting shares, at the end of each calendar year. Link will have a
right of first refusal on the sale of the voting shares. The Voting Trust
Agreement will remain in effect for 5 years subject to certain termination
provisions.


A report respecting this acquisition will be filed with the Securities
Commission in each jurisdiction where the Issuer is reporting and will be
available for viewing through the Internet at the Canadian System for Electronic
Document Analysis and Retrieval (SEDAR) at www.sedar.com.


Link Investment and Consulting LLP 

By: 

Cem Elmastas, Authorized Signatory