Red Metal Resources Ltd. announce the successful completion of a nine hole, 2,010 metre drill program on its Carrizal Property, III Region, Chile. As previously announced on January 12th, the drill program targeted down dip extensions of known mineralized zones as well as testing new zones. The final four drillholes of the program targeted the south and north end of the Farellon zone and tested a previously undrilled structure parallel to the Farellon zone.

All four drillholes have intercepted zones of sulphide mineralization including chalcopyrite and chalcocite and zones of strong alteration associated with iron oxide copper gold ("IOCG") deposits. The newly tested parallel structure lies approximately 250 metres west of the Farellon vein and was mapped and sampled on surface in 2012. Mapping completed in 2012 traced the vein continuously over approximately 1.5 kilometres.

All six surface samples taken along the structure in 2012 are listed below and all samples returned significant copper, gold and cobalt. The structure was tested with one drillhole and a six metre quartz calcite vein was intercepted from 142m to 142.6m with visible chalcopyrite mineralization, intense pyrrhotite, albite and actinolite alteration. Sampling is ongoing for drillholes and no visual estimates of grade have been made.

Assay lab expected turn-around times are estimated to be four to six weeks from receipt of samples.