RDM

Red Mile Minerals Corp. (TSX VENTURE:RDM) "Red Mile" (the "Company") announces
that its Annual General Meeting (the "AGM") will be held May 29, 2012 at 11:00
a.m. Pacific Time at #300-1055 West Hastings Street, Vancouver, B.C.


Property Exploration Summary:

Dorset Property

The Dorset property covers 12 kilometers of strike length encompassing 69 claims
totalling 1,725 hectares in area along the 'Baie Verte Line' crustal suture
prospective for gold mineralization in northwestern Newfoundland. Red Mile has
the right to earn a 100% interest in the Dorset gold property from Tenacity
Holdings Ltd. ("Tenacity") of St. John's, Newfoundland.


The property includes the original Dorset showing discovered in 1988 which
assayed up to 408 g/t gold in a grab sample followed by representative channel
samples from surface trenching of 177 g/t gold over 0.35 meters; 56 g/t gold
over 2.5 meters, and 42 g/t gold over 1.5 meters over a strike length of 150
meters. Gold discoveries in the mid-1990's along strike over the 12 km property
length include grab samples from outcrop of 10.9 g/t gold, 18.7 g/t gold, and
panned concentrates up to 6.2 g/t gold in locally-derived till.


The Company announced on September 27, 2011 that it had commenced diamond
drilling on the Dorset gold property, following up on results of a systematic
exploration program over a newly identified altered shear zone named the
'Perseverance Zone'. Gold values from grab and chip samples of outcrop and
angular boulders within the Perserverance Zone assayed from nil to 1 g Au/t and
up to 18 g Au/t. A program of B-horizon soil surveying as well as magnetic and
induced polarization geophysical surveying further outlined the alteration.
Thirteen drill holes tested the Perseverance Zone in the fall of 2011. No
significant results were obtained and the source of gold-bearing mineralization
along the Perseverance trend remains unexplained.


The diamond drill program, contracted to New Valley Drilling of Springdale,
Newfoundland, totaled 1,854 meters of core drilling and tested a 3.2 km strike
length. The holes were drilled in two clusters 1,500 m apart, with holes spaced
approximately 200 to 500 m apart in each cluster. All holes were laid out to
intersect IP resistivity (+/- coincident IP chargeability) and magnetic low
anomalies. All 13 drill holes intersected altered volcanic and sedimentary rocks
hosting quartz and quartz-carbonate veins, stockworks and quartz breccia zones
containing disseminated and stringer pyrite and locally chalcopyrite (Table 1).




Table 1: 2011 Diamond Drill Hole Summary

---------------------------------------------------------------------------
                                       Length                  Grid    Grid
DDH No.         North     East    Elev     (m) Azimuth  Dip   North    East
---------------------------------------------------------------------------
DOR-11-01   5,522,029  553,777   168.0   153.6     115   46  155+99   51+29
---------------------------------------------------------------------------
DOR-11-02   5,521,969  553,888   182.0   150.6     116   45  155+95   52+57
---------------------------------------------------------------------------
DOR-11-03   5,521,756  553,872   191.0   150.3     116   45  154+02   53+44
---------------------------------------------------------------------------
DOR-11-04   5,521,325  553,591   215.0   150.6     116   45  148+90   53+00
---------------------------------------------------------------------------
DOR-11-05   5,521,161  553,491   207.0   123.1     116   45  147+00   52+93
---------------------------------------------------------------------------
DOR-11-06   5,521,042  553,273   197.0   150.6     115   45  145+00   51+39
---------------------------------------------------------------------------
DOR-11-07   5,518,850  552,643   202.0   129.2      78   45  122+63   55+64
---------------------------------------------------------------------------
DOR-11-08   5,519,010  552,623   197.0   123.1      84   45  123+90   54+74
---------------------------------------------------------------------------
DOR-11-09   5,519,200  552,472   183.0   123.1     103   45  125+00   52+49
---------------------------------------------------------------------------
DOR-11-10   5,519,208  552,570   187.0   175.0     100   45  125+56   53+38
---------------------------------------------------------------------------
DOR-11-11   5,519,257  552,866   222.0   171.9     112   45  127+15   55+90
---------------------------------------------------------------------------
DOR-11-12   5,519,433  552,637   192.0   126.2      84   45  127+80   53+07
---------------------------------------------------------------------------
DOR-11-13   5,519,653  552,672   202.0   126.2      91   45  129+90   52+53
---------------------------------------------------------------------------
                                        1853.5                             
                                      --------                             
Note: UTM coordinates are NAD 1927, Zone 21;                               
elevations in metres ASL                                                   



A total of 447 core samples, averaging 1.3 m in length, were collected and
assayed for gold by Eastern Analytical of Springdale, Newfoundland. Core samples
submitted to Eastern are crushed and a 15 gram sub-sample assayed for gold by
fire assay with atomic absorption finish. Also included are analyses of blanks
plus five chemical reference standards as part of the QA/QC procedure. Pulps
from these samples have been retained.


For a map of the drill program, click here: http://redmileminerals.com/dorset.php

Blue Quartz Property

In March 2011, the Company granted an option on its 50% ownership in the
property to Caledon Resources Inc. ("Caledon") in consideration of a commitment
to spend $500,000 on the property within three years of the date of this
agreement and make a payment to Red Mile of $250,000.


Change of Address

As of May 1st the new Head Office address for Red Mile Minerals Corp. will be:



300-1055 W. Hastings Street
Vancouver, B.C. V6E 2E9
Ph: 604 688 1508 
Fx: 604 629 7971



Qualified Person

Charles Dearin, P. Geo., is the Qualified Person responsible for the technical
information contained with this release.


About Red Mile Minerals

Red Mile Minerals is a mineral exploration company with a gold property along
the prolific Destor-Porcupine gold-producing region in Ontario and the Dorset
Property in Baie Verte, Newfoundland. Red Mile continues to seek additional
mineral exploration opportunities where the company's exploration expertise and
corporate share structure has the potential to substantially enhance shareholder
value. Currently there are 17,125,000 shares issued and outstanding.


On behalf of the Board of Red Mile Minerals Corporation

John Hickey, President and CEO

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