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
November 6, 2012.


The Company continues to make good operational progress on its Hakkari Zinc
Project, enabling it to become a cash generating asset. From the open pit
operations on the Uzumcu (Pentagon) license at which production commenced in
mid-September, the first lot of 1,113 tonnes of DSO ("Direct Shippable Ore") has
been crushed, homogenized in Mersin port and shipped as the first export lot of
RCR on November 26th, 2012. SGS laboratory in Netherlands determined an average
zinc content of 28.59 % in this first export lot, as per the attached report
(http://media3.marketwire.com/docs/LOT1SGSASSAYCERT.pdf).


The trucking operations of the second lot have already commenced from Hakkari
and to date approximately 1,000 tonnes have been accumulated in Mersin port. The
second lot has been crushed and homogenized at the mine site as well as in
Mersin port and a minimum of 2,000 tonnes is expected to be exported before the
end of December 2012.


The assembly, erection and all infrastructure work of the Dense Media Separation
("DMS") process plant and its related auxiliary equipment in Hakkari was
completed in November. Start up and commissioning activities are planned to
commence in December in order to put the plant into full operation in 2013, and
to enable production of saleable concentrates from the enrichment of non-DSO
materials mined.


Management, along with a mandated Board member, are still in discussions with
selected parties to monetize 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, management is working on a production plan in Tufanbeyli
in order to commence production activities in 2013 from the initial open-pit
utilizing a contractual mining concept similar to that employed in Hakkari and
the second DMS Plant. A site visit to Tufanbeyli with an engineering firm has
been organized to estimate the infrastructure cost required for the start of
open-pit activities and installation of the second DMS at the license area. The
amount of infrastructure cost will be the determinant for the decision of
management to proceed. 


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 with operations in Turkey 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.


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
www.redcrescentresources.com