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 provide an update on its activities from those reported
October 1, 2012.


The Company has made good operational progress on its Hakkari Zinc Project
enabling it to become a cash generating asset in the immediate term. Mine
production from open pit operations on the Uzumlu (Pentagon) license commenced
in mid-September and to date has generated approximately 1,100 tonnes of DSO
("Direct Shippable Ore") which, has been trucked to Mersin, the Turkish port of
export. This DSO is in the process of homogenization and is scheduled to be
shipped as the first export lot in November 2012 for delivery to the final
receiving smelter.


The delivery of the Dense Media Separation ("DMS") process plant and all related
auxiliary equipment to its operational location in Hakkari along with its
required services infrastructure (including water and electricity) was completed
in October. Start-up and commissioning of the unit is now in progress to enable
production of saleable concentrates from the enrichment of non-DSO materials
mined, as soon as possible.


Management, along with a mandated Board member, are in discussions with
interested parties to monetize the Sivas and Tufanbeyli projects which might
include entering into joint venture arrangements, sale of part or all of a
property or further exploration as additional cash resources become available.


Parallel to the above, based on the promising test works done by Lakefields
laboratories, by RCR's metallurgical consultant and Setpoint Laboratories in
South Africa until 2011, management is considering a potential investment plan
in Tufanbeyli using a contract mining concept similar to that already
successfully implemented in Hakkari. This plan, if implemented, will produce
saleable concentrates from the enrichment of non-DSO materials mined and
generate additional cash at a location different than Hakkari by using a second
DMS process plant, owned by the company and currently stored at the
manufacturer's site in South Africa.


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 Canadian-based
junior mining company targeting historically inaccessible areas in Turkey 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Red Crescent Resources Limited
Dr. Selahaddin Anac
CEO
+ 90 532 341 22 51
+ 90 312 448 29 26 (FAX)
sanac@rcrholding.com.tr