Red Pine Exploration Inc. (TSX VENTURE:RPX) ("Red Pine" or the "Company")
announces that at its annual meeting, to be held on January 29, 2013 at the
Company's offices (520-141 Adelaide Street West, Toronto, Ontario), the
shareholders will asked to approve a share consolidation resolution. If approved
by the shareholders, the Company's board of directors will have the ability, at
its discretion and at a time of its choosing, to implement a share consolidation
at a ratio of either 1 for 3, 1 for 4 or 1 for 5. The below table notes the
approximate shares that would be outstanding at each ratio if a share
consolidation would occur today. There are currently 158,208,795 shares
outstanding of the Company's stock.




----------------------------------------------------------------------
 Proposed Consolidation    Approximate Number of Outstanding Common   
          Ratio                   Shares (Post Consolidation)         
----------------------------------------------------------------------
         1 for 5                           31,641,759                 
----------------------------------------------------------------------
         1 for 4                           39,552,199                 
----------------------------------------------------------------------
         1 for 3                           52,736,265                 
----------------------------------------------------------------------



After careful consideration, the Board has decided to table this resolution to
reduce the number of the Company's shares in order to increase its flexibility
with respect to potential business transactions, including any future equity
financings. Approval by shareholders of this resolution does not necessarily
mean that a share consolidation will occur, rather it will provide the Board the
ability to implement a share consolidation if they deem it to be necessary for
the betterment of the Company and its shareholders.


The Company will not be changing its name or its ticker symbol as a result of
this resolution. The proposed share consolidation is subject to both the
approval of the shareholders at the upcoming annual general meeting and that of
the TSX Venture Exchange.


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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