Redcorp Ventures Ltd.: Appointment of Owners Project Management Team

Redcorp Ventures Ltd.: Appointment of Owners Project Management Team

Redcorp Ventures Ltd. and its wholly-owned subsidiary, Redfern Resources Ltd., are pleased to announce the appointment of Global Project Management Corporation to head the Tulsequah Chief Mine project management team and provide Owner’s representation on site and with external contractors.

Global’s principal is William (Bill) McKenzie, P.Eng., a well-known expert in project development and construction management in the mining industry and other major projects. Bill has over 35 years experience in diverse mining projects in Canada and globally. Bill will bring in additional key staff to provide full-time effective supervision and cost control services for the Company in order to achieve maximum efficiency during the main construction period at the mine site through 2009.

“We are very pleased to have secured the services of Bill McKenzie and his team to ensure that there is efficient coordination and integration of the construction management and engineering services and to assist in identifying improvements to logistics and contractor operations. Bill’s expertise is at the highest level and well-recognized in the industry,” stated Terry Chandler, Redcorp President and CEO.

Part of the scope of responsibility for Global will be to assist Redfern to integrate key operating staff into the construction management to ensure that there is a smooth transition to operations at the finalization of the mine build. Global has already commenced initial orientation and familiarization work and will bring full-time staff on stream by mid-December 2008.

Site Construction Progress

The Company is also pleased to report that the final bridge and causeway connecting the site access roads was put in place on November 30, three days ahead of schedule. This will now allow full movement of equipment and supplies to the mine site area and associated key infrastructure facilities, including the waste pads and future tailings facility areas.

Redcorp is a Vancouver based mineral exploration and development company with active projects in British Columbia, Canada and Portugal. Further information on Redcorp and the Tulsequah Project can be obtained on our website at www.redcorp-ventures.com and at Redfern’s website at www.redfern.bc.ca

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