Red Pine Exploration Inc. (TSX VENTURE:RPX) has entered into two Mineral
Property Acquisition Agreements to sell the Saracourt and Mortimer gold target
properties. These property sales are a result of Red Pine's continued efforts to
divest of certain properties in order to raise capital to fund exploration
programs for its more advanced properties. The company believes both these
properties have very good potential for gold discovery but will require robust
exploration programs for discovery. 


The terms of the sales are as follows:



--  Saracourt Property - Red Pine has received $25,000 and is due $150,000.
    Red Pine also receives the fair value of the equivalent of $300,000
    common shares of Joshua Gold Resources Inc ("JGR"). If on September 15,
    2013, JGR is a public company and their shares are worth less than
    $300,000, Red Pine will receive additional shares to bring the value to
    $300,000. If JGR is not public on September 15, 2013, Red Pine will
    receive $300,000 in exchange for JGR's shares. If JGR is not on an
    exchange and elects not to pay $300,000, Red Pine receives back title to
    the property claims. Red Pine retains a 3% net smelter return ("NSR"). 
--  Mortimer Property - Red Pine has received $75,000 and is due $50,000.
    Red Pine also receives the fair value of the equivalent of $100,000
    common shares of JGR. If on July 15, 2013, JGR is a public and their
    shares are worth less than $100,000, Red Pine will receive additional
    shares to bring the value to $100,000. If JGR is not a public company on
    July 15, 2013, Red Pine will receive $100,000 in exchange for JGR's
    shares. If JGR is not on an exchange and elects not to pay $100,000, Red
    Pine receives back the title of the property claims. The company retains
    a 3% NSR. 



About Red Pine's Other Gold Properties

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 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.


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. 


Base Metal Property

Cayenne-Chili Property - Swayze Belt, Ontario

The Cayenne-Chili Property consists of 57 contiguous mining claims for 8,704
hectares. The property has been subject to two major tectonic events: an earlier
one generating north-south trending folds and a later one generating east-west
folding. These have been interpreted as the western extension from the
Larder-Cadillac deformation zone and the second a western extension from the
Porcupine-Destor deformation zone to the north. In 2006 a fold nose was
discovered 500m west of Jefferson deposit. The "Jefferson" is a non NI 43-101
compliant resource estimate of 30,100 tons @ 7.05% Zn and 4.58% Pb. The deposit
consists of massive sulphides enriched in zinc and lead over 150m strike and 30m
depth.


Historical exploration was focused on the Jefferson. In 1950, additional
drilling tested the continuity of the mineralized zone to a depth of 85m. The
results of this effort intersected 4.43% Zn and 1.25% Pb over 22.9m and 9.1% Zn
and 11.5% Pb over 6.9m. In the 1980's, work by Falconbridge at the Jefferson
concluded that the mineralization is associated with cross-cutting fractures and
not strictly of the VMS type. The best hole encountered 2.7% Zn over 9.12m and
1.6% Zn over 13.83m. Another hole had 1.7% Zn over 17.2m.


Work by Red Pine in 2006 supports the Falconbridge hypothesis of the current
intersections representing stringer-type mineralization and the potential exists
to discover a proximal VMS deposit. 


Red Pine Receives Permit for Exploration

Red Pine is pleased to announce that it has received an exploration permit from
the Ministry of Northern Development and Mines to further explore the
Cayenne-Chili Property in the Swayze Belt, Ontario. The new permit is good for 3
years and covers diamond drilling, airborne and surface geophysics, mechanized
stripping, trenching sampling and mapping. Current work is focussing on the
evaluation and interpretation of the extensive data set on the property with a
field program being planned in the next few months.


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, Corporate Development
(416) 364-7024
(416) 364-2753 (FAX)


Red Pine Exploration Inc.
Quentin Yarie
President & COO
bnykoliation@redpineexp.com
www.redpineexp.com

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