RMK Red Moon Resources Inc

Red Moon Potash Inc. ("the Company" - "Red Moon") (TSX VENTURE:RMK) announces
that it proposes to carry out a non-brokered private placement (the "Offering")
for proceeds of $250,000 with Vulcan Minerals Inc., a related party. Under the
terms of the Offering, 2,500,000 units (the "Units") will be offered at a price
of $0.10 and will consist of one common share and one-half of a common share
purchase warrant (the "Warrants"), with each full warrant exercisable at a price
of $0.25 per common share for a period of two years following the closing date
of the offering. The proceeds of the offering will be used to fund mineral
exploration activities in western Newfoundland and general working capital. The
shares issued will have a four month hold period as per applicable securities
law. The financing is subject to TSX Venture Exchange approval. The securities
offered have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be
offered or sold within the United States or to, or for the account or benefit
of, U.S. persons except in certain transactions exempt from the registration
requirements of the U.S. Securities Act and applicable state securities laws.
Vulcan currently owns 57.75% of the outstanding common shares of Red Moon and
will own, assuming the financing closes, 60.53% of the issued common shares or
61.78% if the warrants are exercised (without further dilution).


Shares Issued: 35,500,004

This release may contain certain forward-looking statements. Actual events or
results may differ from the Company's expectations. Certain risk factors beyond
the Company's control may affect the actual results achieved. Accordingly,
readers are advised not to place undue reliance on forward-looking information.
Except by law, the Company undertakes no obligation to publicly update or revise
forward-looking information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Red Moon Potash Inc.
Patrick J. Laracy, President
(709) 754-3186
info@redmoonpotash.com


Red Moon Potash Inc.
Gerri A. MacNeil, Business Manager, Investor Relations
(709) 754-3186
info@redmoonpotash.com
www.redmoonpotash.com

Red Moon Resources (TSXV:RMK)
Historical Stock Chart
From Apr 2024 to May 2024

Red Moon Resources (TSXV:RMK)
Historical Stock Chart
From May 2023 to May 2024