Red River Resources Limited announced encouraging initial results from its first-pass reverse circulation (RC) drilling program at the New Homestead and the Don gold prospects, part of its Thalanga Operations in northern Queensland. Drilling is targeting gold in areas proximal to its Thalanga Operations, where Red River produces zinc, copper and lead with gold and silver credits but is also seeking to build its exposure to gold. Red River applied for the Toomba and Don exploration tenements near Thalanga in 2020. Multiple RC drill holes (DNRC001, 002, 003 and 004) intersected high-grade mesothermal gold mineralisation in the Main Vein at the Don, with high grade and wider lower grade intercepts demonstrating the Main Vein potential. Gold mineralisation intercepted at the Don is open in all directions (strike and dip). Red River plans to undertake first pass RC drilling at the Toomba gold prospect, which is currently scheduled to start in early May. Red River completed RC drilling at the Don prospect, approximately 20km NW of Thalanga, with 10 RC holes completed for 910 metres. The drilling intercepted extensive quartz sulphide veining and associated alteration in multiple holes. Assay results confirmed the presence of high-grade mesothermal gold mineralisation at shallow depths in a number of holes. Red River completed drilling at the New Homestead prospect, approximately 2km west of Thalanga, with 10 RC holes completed for 958 metres. Drilling intersected quartz sulphide veining in several holes. Red River will undertake the initial RC drill program at Toomba; 13 holes for 1,379 metres, most likely in May. RVR is seeking to build a multi-asset operating business focused on base and precious metals with the objective of delivering prosperity through lean and clever resource development. RVR's foundation asset is the Thalanga Base Metal Operation in Northern Queensland, which was acquired in 2014 and where RVR commenced copper, lead and zinc concentrate production in September 2017. RVR has commenced production at the high-grade Hillgrove Gold Operation in New South Wales which was acquired in 2019. The Hillgrove Operation is a key part of RVR's strategy to build a multi-asset operating business focused on base and precious metals. The information in this report that relates to Exploration Results is based on information compiled by Mr. Greg Cozens who is a member of The Australasian Institute of Mining and Metallurgy, and a full time employee of Red River Resources Ltd., and who has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activities being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the `Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves' (JORC Code). Mr. Cozens consents to the inclusion in this report of the matters based on the information in the form and context in which it appears.