Red Crescent Resources Announces Update On Recent Activities

Red Crescent Resources Limited (TSX:RCB), a base metals focused mineral exploration and mine development company with operations in Turkey, is pleased to announce an update on its activities from those reported November 6, 2012.

Highlights from press release:

– 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

– 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

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