Red Pine Exploration Inc. (TSX VENTURE:RPX) ("Red Pine" or the "Company")
provides a corporate update. Prevailing market conditions have made it difficult
for many exploration companies to acquire funding for grass roots exploration
programs. Red Pine has not been immune to these conditions, and as a
consequence, does not have the available funds to undertake the scale of
exploration programs required to advance the Company's projects. As a result,
the Company is actively searching for outside parties who have the potential to
advance our projects. Standard arrangements in the exploration sector such as
Option/Joint Venture ("O/JV") agreements allow external parties to earn an
interest in our projects over time. Since these partners have to use their own
capital to earn that interest, such arrangements generally result in minimizing
shareholder dilution while allowing the Company and our shareholders to benefit
from any success.


Red Pine owns or controls four land positions in proven gold exploration camps.
Under consideration for O/JV is our 100% owned SaraCourt property in the Swayze
Belt of Ontario. The Company recently divested of its 100% owned Ava Claire
property which upon extensive review was deemed too grass roots for the Company
to advance at this time. The Company received cash, shares and retained a
royalty of 1.5%, which, in proven gold camps, have often been convertible to
cash. 


About Red Pine's Properties

Costello Property - Timmins, Ontario

The Costello property is located along the Bristol fault, a splay of the Destor
Porcupine Deformation Corridor immediately to the east of the Timmins Mine
("TM"). At the TM, gold is hosted in mafic and ultramafic volcanic rock units
and in sedimentary rock units of the Porcupine Group. The TM is located at the
contact of the volcanic rocks and the sedimentary rocks.


The Costello property is underlain by strongly deformed and transposed
sedimentary rock units of the Porcupine Group. Observation of outcrop has shown
that the "sedimentary bedding" corresponds in fact to tectonic layering and that
the rocks have experienced severe deformation. In a recent Lake Shore 43-101
report, it is mentioned that: "There has been a high degree of deformation in
terms of shearing, folding, and likely faulting in the TM deposit and the
relationship of the primary lithologies is more complex in three dimensions than
surface plans suggest."


Mt Logano Property - Timmins, Ontario

The Mt. Logano Porphyry property consists of 162 claim units in Whitney, Shaw,
Carman and Cody townships, Porcupine Mining Division, Ontario. Bedrock on the
property includes the Mt. Logano quartz-feldspar porphyry, which intruded near
the Deloro- Tisdale assemblages contact. Much of the gold deposition in the
Porcupine Gold Camp is spatially associated with mafic/ultramafic rocks of the
Lower Tisdale assemblage, and felsic intrusive rocks similar to the Mt. Logano
porphyry intrusion. Recent geochronological investigation (2005) has placed the
age of the Mt. Logano porphyry body at 2689 +/-1.4 Ma, the same as the Pearl
Lake porphyry (2689 +/- 1.0 Ma), which has played a spatial role in major gold
deposits including the Hollinger- McIntyre mines of the Porcupine Gold camp. 


The SaraCourt Property - Swayze Belt, Ontario

The SaraCourt Property is a regional land package of contiguous, high-potential
gold properties totaling approximately 27,748 hectares of patented and
unpatented mining lands. Located in and along the newly defined DZ3 Gold
Deformation Corridor, this property holds a series of deformation zones and
regional fault branches that host abundant gold showings and join the
Destor-Porcupine Deformation Zone to the northeast, and join to the western
extension of the Larder Lake Deformation Zone fault that branches to the
southwest. The Destor-Porcupine Fault Zone is spatially associated with gold
deposits in the Timmins-Porcupine Gold Camp that have produced more than 65
million ounces gold to date.


Fern Elizabeth Property, Atikokan, ON, Thunder Bay Mining District

Red Pine has a 75% interest in the Fern Elizabeth property which is located 9
kilometres northwest of the town of Atikokan, Ontario. The area has a rich
mining and exploration heritage and was a major iron mining centre in the
mid-1970's. More recently Osisko has identified an inferred resource of 6.70
million ounces of gold approximately 20km to the North East (Hammond Reef). The
Fern Elizabeth property is approximately 11.0 square kilometres and contains 25
claims and leases. The property has excellent infrastructure with both all
weather road and boat access. 


Soil sampling, geological mapping, prospecting, ground geophysical surveying and
8 diamond drill holes (1,490 m) were carried out to explore the Fern Elizabeth
Property. Interesting intervals of gold mineralization was intersected in the
vicinity of the historic No. 2 Shaft. Three of the intersections ranged from 3.0
to 12.2 grams per tonne gold.


More detailed information about the Company is available on the website:
www.redpineexp.com. 


This News Release contains forward-looking statements. Forward-looking
statements are statements which relate to future events. In some cases, you can
identify forward-looking statements by terminology such as "may", "should",
"expects", "plans", "anticipates", "believes", "estimates", "predicts",
"potential" or "continue" or the negative of these terms or other comparable
terminology. These statements are only predictions and involve known and unknown
risks, uncertainties and other factors that may cause our or our industry's
actual results, levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Red Pine Exploration Inc.
Brent Nykoliation
Senior Vice President of Corporate Development
(416) 364-7024
(416) 364-2753 (FAX)
bnykoliation@redpineexp.com


Red Pine Exploration Inc.
Quentin Yarie
President
qyarie@redpineexp.com
www.redpineexp.com

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