Archive for the ‘Red Lake Exploration Inc. RLKX’ Category

Red Lake Exploration, Inc. (RLKX.OB) Raises Capital with One Million Dollar Private Placement

Thursday, May 1st, 2008

Red Lake Exploration, Inc. (OTCBB: RLKX) acquires, explores and develops natural resource properties. Today, Red Lake Exploration, Inc. announced that is has raised one million dollars through a private placement. According to the company, it will use most of the money to acquire the Farellon property it is currently exploring, and use the rest of the money to investigate other properties including the Camilla and Santa Rosa projects located in coastal Chile.

Red Lake Exploration, Inc. is currently managing three main projects. The Farellon project is located in the Canadalaria iron oxide copper belt. Other companies are also exploring this region, which has demonstrated promising reserves of Copper and Gold.

The next project, in its early stages, is on the Camilla Breccia property. The company has completed surface mapping, sampling and geophysical analysis. Preliminary results have suggested promising amounts of Copper and Gold.

The final project is on the Santa Rosa property. This project is in advanced stages, with Red Lake having completed surface mapping, trenching, and surface geophysics. Similar to the Camilla Breccia property, Santa Rosa also shows promising results of Iron and Copper.

Red Lake Exploration, Inc. is competently managed by President Caitlin Jeffs and Director Michael Thompson. After graduating from the University of British Columbia, Jeffs worked for several mineral exploration companies, including Placer Dome PLA Inc, and Goldcorp Inc. Thompson graduated from the University of Toronto and has also worked for several exploration companies including Tri Origin Exploration Ltd., Placer Dome CLA Inc. and Goldcorp Inc.

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Red Lake Exploration, Inc. (RLKX.OB) To Give Corporate Presentation Tomorrow

Wednesday, April 23rd, 2008

Corporate representatives of Redlake Exploration will be attendance tomorrow (April 24th) at EQUITIES Magazine’s Third Annual Mining/Resource Conference, to be held at the Princeton Club in New York City.

This appearance will give company officers a chance to share the intricate details of current projects with current and prospective investors alike. Company President Caitlin Jeffs will be giving a presentation at 11:45am to kick off Redlake’s presence at the event.

The main focus of this presentation will be to outline Redlake’s Chilean projects, including the highly prospective Santa Rosa, Farellon, and Camila properties. All of these properties are located in the Candelaria region of the Chilean coastal Cordillera (Spanish for ‘Mountain Range’); a belt of land historically noted to be rich in iron oxide, copper, and gold.

A place at EQUITIES Magazine’s conferences is only offered to a select group of companies. In the case of tomorrow’s event, only Mining & Exploration corporations have been invited, and the day should prove beneficial for shareholder awareness of Redlake Exploration, Inc.

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Red Lake Exploration Inc. (RLKX.OB) to Present at EQUTIES Third Annual Mining Conference

Tuesday, April 22nd, 2008

EQUITIES Magazine today announced its Third Annual Mining/Resource Conference will be held at the Princeton Club of New York Thursday, April 24, 2008. Emerging mining companies such as Red Lake Exploration Inc. (OTCBB: RLKX) will present their knowledge of the mining sector and their own business highlights to brokers, hedge fund managers, portfolio managers and private investors.

EQUITIES Magazine serves retail and institutional investors by exploring industry trends, analyzing opportunities, and outlining financial leaders and emerging public companies. The company has extended its reach to attract investors around the world through EQUITIES Europe, EQUITIES Digital Edition and the EQUITIES Web site, which provides real-time market quotes and customizable portfolio management.

Companies in attendance include Red Lake Exploration, General Metals Corp (OTCBB: GNMT), Duran Ventures Ltd. (Pink Sheets: DUVNF), Nilam Resources Inc. (OTCBB: NILR), Trans-Orient Petroleum Ltd. (OTCBB: TOPLF) and more.

Headquartered in Richmond, Canada, Red Lake Exploration is engaged in acquiring, exploring and developing natural resource properties. The company recently released results of its mining contract of the Santa Rosa copper-gold property in Chile. Red Lake Exploration acquired the option on the Santa Rosa property. In exchange for the right to mine the property, the vendor pays Red Lake a 5 percent royalty of net proceeds.

Red Lake will discuss this, and other business endeavors as well as its position in the mining sector at EQUITIES annual conference.

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Red Lake Exploration, Inc. (RLKX.OB) Reports Mining Results from its Santa Rosa Property Located in Chile

Monday, April 14th, 2008

Red Lake Exploration announced a summarization of its results of the contract mining regarding its Santa Rosa copper-gold property in Chile. The Santa Rosa property consists of two mining and exploration concessions, totaling 110 hectares. It is located within the highly prospective Candelaria iron-oxide-copper-gold (IOCG) belt. The strong potential of this property has been confirmed by the identification of multiple mineralized structures with significant alteration indicators of IOCG systems.

Red Lake acquired the option on the Santa Rosa property in February of this year. As terms of the agreement, the vendor pays the Company a royalty of 5% of the net proceeds received from the sale of the ore mined. From October to February, the vendor sold 3,004 tonnes of material to a Chilean national mining company at an average grade of 1.3% copper. High-grade ore sold to the company included 1.57 tonnes grading 19.78% copper and 13.90 grams per tonne of gold. The vender can continue mining the property at the discretion of Red Lake.

The company’s president, John Di Cicco, stated, “These encouraging results confirm our belief in the potential of the Santa Rosa project. The planned drill program has been designed to follow up on the success of the contract mining as well as testing other prospective targets.”

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Red Lake Exploration (RLKX.OB) Hoping to Strike it Rich in the High Priced Commodities Market

Thursday, April 10th, 2008

Red Lake Exploration is a North American-based mineral company headquartered in Richmond, Canada, that focuses on purchasing, exploring and developing mineral rich properties in Chile. The company currently has three simultaneous projects going on in the copper, gold and silver-rich areas of Chile’s III region. These historically successful mines have been revisited because of new exploration techniques and mechanized mining equipment that has been developed since the last exploration projects took place.

The first project is the Camila Breccia. This is the company’s copper-gold project in the Candelaria iron-oxide-copper-gold (IOCG) belt of Chile’s coastal cordillera. Exploration of the property began on March 18, 2008, and has returned some impressive early results. The exploration consisted of roughly 1,000 meters of diamond drilling which returned gold and copper grab samples containing higher than expected levels of the minerals.

The company’s second project is the Santa Rosa copper gold project. This property is another copper-gold project and is also located in the Candelaria IOCG Belt, just a 45 minute drive north northwest from Vallenar City. This project is classified in the advanced exploration stage.

Finally, the company’s third project is the Farellon property, also located in the Candelaria IOCG Belt. Another company, Latitude Resources, reported in May 2006 an inferred resource of 11.2 MT at 0.64% Cu and 0.14 g/T Au in oxides and 15.82 MT at 1.12% Cu and 0.31g/T Au in sulphides at their Filipina Grande Project.

The potential for large gold, copper and silver reserves at these three locations is undeniably present. Red Lake Exploration’s management team brings nearly 30 years of experience to the projects. Members of the team have expertise in fields ranging from geology and base metal exploration to finance. With a huge potential for results, and most commodities, including precious metals, at record high levels, Red Lakes Exploration is on target to strike it rich.

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Chile’s Booming Copper Production Entices Red Lake Exploration Inc. (RLKX.OB)

Monday, April 7th, 2008

Chile’s copper mines provide more than 40 percent of the world’s copper output, according to the U.S. Department of the Interior. Chile’s mining industry employs about 6 percent of the country’s workforce, and as more mines come into operation, the demand for output is expected to rise.

Red Lake Exploration Inc. (OTCBB: RLKX) engages in the acquisition, exploration and development of mineral properties in Chile. Headquartered in Richmond, Canada, the company focuses on its primary project, the Farellon property, in the Candalaria Iro Oxide Copper Gold Belt.

Red Lake is reviewing options to purchase Santa Rosa and Camila Mineral Properties, both of which have identified drill targets and development stage drilling plans. The properties are located in III Region, Chile. According to geological interpretations, the properties are expected to hold significant copper and gold resources.

Last month the company released information regarding its exploration program in the Camila Breccia. The program consists of six drill holes totaling 1,000 meters of diamond drilling on two previously mineralized structures.

Chile’s copper production has contributed to the country’s status as one of the world’s fastest growing economies, accounting for 8.5 percent of the country’s GDP and 47 percent of its exports. Red Lake has positioned itself to take part in the growing industry with its exploration programs.

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Red Lake Exploration Inc. (RLKX.OB) Begins Exploration of its Chilean Property

Friday, April 4th, 2008

Red Lake Exploration Inc. (OTCBB: RLKX) recently announced it has begun exploring the Camila Breccia, its copper-gold project in Chile. The project lies in the Candelaria iron-oxide-copper-gold (IOCG) belt of Chile’s coastal cordillera, and was last explored in the late 1990s.

“This is a very exciting point for Red Lake. It is the first step in our plan to find resources in the under-explored Candelaria IOCG belt,” Red Lake Exploration President John Di Cicco stated in the press release.

Red Lake Exploration’s exploring program consists of six drillholes totaling an estimated 1,000 meters of diamond drilling on two identified mineralized structures, the El Zorro vein and the Camila Breccia. Grab samples from the Camila Breccia have returned 1.15 percent Cu. Previous work on the Camila Breccia includes a property-wide geological mapping and sampling program as well as a geophysics IP (induced polarization) survey.

Another target on the El Zorro Vein is expected to intercept depth and strike extents of the known mineralized structure. Grab samples on the El Zorro have returned gold results up to 7.5 g/t Au.

Red Lake Exploration is engaged in the acquisition, exploration and development of natural resource properties in Chile. The Camila property is one of several properties Red Lake has acquired in the region.

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Red Lake Exploration, Inc. (RLXK.OB) is Fully Focused on Chilean Potential

Thursday, March 27th, 2008

Canadian company Red Lake Exploration provides mining exploration and development. Previously the company was involved in Canada’s Red Lake mining region, where they explored for mining viability. Since then they have refocused their efforts on Chile’s III region. Chile’s III region is well known for copper, iron, and gold mines.

The company first identifies viable mining land, like the three sites in Chile’s III region. After the sites are identified, they then put options to buy contracts on the properties in accordance with all local laws. They currently have contracts on three sites: Farellon, Camila, and Santa Rosa. Two of the properties are in the advanced stages of development and one is in the early stages. When the option contract is in place, they recruit expert scientists to document and report on the potential of the mining site. Once the mine is identified as profitable, they proceed to developing the mining site and nearby roads, essentially bringing the mines to the operational level.

President John Di Cicco, who was present at the inception of the company, heads Red Lake Exploration. He has extensive contacts within the mining industry and over 10 years of experience. Other management include Catlin Jeffs, and Michael Thompson, both geologists. Mr. Thompson is experienced in management of large mining exploration projects and Mrs. Catlin specializes in GIS technology and 3D mapping. This experienced management team gives the company a huge edge in identifying potentially profitable mining operations.

The management team believes that Chile has all the right ingredients for mining exploration. It is a stable country with a well-educated population and little to no competition. Red Lake believes, with today’s technologies and mining methods, they have the potential to discover major deposits of copper and gold.

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Red Lake Exploration, Inc. (RLKX.OB) Sees Chile as Prime Area for Metal Mining Exploration

Tuesday, March 25th, 2008

Many commodities are trading at record highs, caused by increased demand for mined materials. This mining exploration company is heavily involved in Chile, exploring the viability of a number of old and new mining sights. They use state of the art equipment and experts to determine if the site is going to be productive. They have chosen the III region of Chile in particular for a number of key reasons.

When choosing a country to do business in, of upmost importance is the overall stability of the country, both economically and politically. Chile is both economically and politically stable. They have one of the lowest inflation rates in the Americas. This shows that the country’s money supply is well managed and not significantly tied to other currencies in the region.

Chile’s government and political system is also known for being one of the most stable in the region, and has many ties to the U.S. and Europe. In fact, they recently signed a major Free Trade agreement with the U.S., which furthers economic ties between the two countries. They continue to remain fully focused on a free-market economy, leaving little worry about government seizure of foreign property. Overall, the political and economic conditions are a shining example of capitalism.

In Chile, over 95% of the population is literate and well educated. They are especially skilled in mining methods, making it easy to find experienced labor. This is because Chile is a major exporter of gold and copper. The country also has excellent road systems, like the Pan American Highway, which is located close to all of the company’s potential mining sites. Technology, facilities, and supplies are all abundant and easy to access, making it an ideal location for mining exploration.

To date, very little effort has been focused on the enormous potential Chile holds for high-grade mineral deposits. As a result, the company feels that promising mineral extraction locations are still available in a noncompetitive atmosphere. This is why they believe that Chile, coupled with today’s technology, holds tremendous potential for large IOCG mineral systems.

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Red Lake Exploration, Inc. (RLKX.OB) is Currently Exploring Three Sites within the III Region of Chile

Monday, March 24th, 2008

This Mining exploration company has set its sights on Chile’s III Region, which is well known for gold and copper mining. They are exploring three old mining sites within this region for the viability of mineral extraction. Preliminary results have proven quite promising.

The company’s three projects include Camilla, Santa Rosa, and Farellon. Camilla is in the early stages of exploration, and Santa Rosa and Farellon are in the advance stages of exploration. All three lie within the IOCG belt of copper and gold. With the advances of mining technology, new deposits continue to be found within the belt that were not previously extractable.

In advanced stages of exploration, the Farellon site was not available until 2006. The area was mined until 1891, but was shut down due to flooding problems. It did not see action again until 1997, when the Pan American resources group investigated and found 400,000 tons of 1.78% CU in the dumps and 750,000 tons of 6%CU in the tailings. However, they never extracted any due to the low copper prices at that time. Since then, Red Lake has taken over the property and found other deposits of up to 6.7% copper. They are continuing to explore the property and are now in the process of establishing a base camp as well as new roads.

The company’s other site in advance stages of exploration, Santa Rosa, is 110 hectacres of mining area with copper and gold deposits. Copper structures have already been confirmed with the current explorations. Gold has also been identified and made drill-target ready. Exploration results show this site has a possible giant IOCG system of gold and copper deposits.

Camilla, in the early stages of exploration, is already showing promise of a multimillion-ton deposit near the surface. It has two known mineralized structures with drill targets of copper and gold. The company is continuing to drill and explore the property for mining prospects.

All of these sites are showing lots of promise for the exploration company. With commodity markets hot, the timing is perfect, making many mining operations that were not profitable in the past quite advantageous now.

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Red Lake Exploration, Inc. (RLKX.OB) Experiences Record Trading Volume

Thursday, March 20th, 2008

In today’s volatile market, investors are looking for somewhere safe to put their money. Gold and other minerals have always been the first haven for investors in time of economic trouble. This time is no different; gold last week hit an all-time high of over $1000 dollars an ounce. Other minerals are trending upward as well. All of this is good news for Redlake Exploration. Yesterday, the stock traded at a record volume, or 330% higher than the average.

As of late last year, the company began mining exploration in the third region of Chile. The company acquired Minera Polymet to hold their Chilean mining operations, which consist of a total of twelve sites. According to the company, one of these properties has been meticulously investigated and, based on preliminary results, shows highly promising results. The company signed an agreement to purchase the property for $300,000 plus 1.5% of minerals extracted.

The company is currently completing analysis on the eleven other mining sites, and intends to conduct further, detailed investigation. Experts have been contracted to evaluate the viability and sustainability of the mines, and to prepare written reports of their findings. As of now, the company is concentrating its efforts on the Chilean operations. If these continue to prove promising, the company has stated that it will acquire additional mining properties.

These sites have so far shown tremendous potential. With stockpiles of copper extremely low, and gold hitting record highs, this company’s stock appears ready to soar. Investors eager to benefit from the prospering metals market should definitely take a close look at this stock.

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Red Lake Exploration, Inc. (RLKX.OB) Announces Options to Purchase Santa Rosa and Camila Mineral Properties in Chile

Wednesday, March 19th, 2008

Red Lake Exploration, Inc. (RLKX.OB), a company engaged in the acquisition, exploration and development of natural resource properties in Chile, recently announced that it has acquired options on the Santa Rosa and Camila mineral properties. Both properties have identified drill targets, and planning for upcoming drilling is underway.

The Santa Rosa property, located in the highly prospective Candelaria Iron Oxide Copper Gold (IOCG) Belt, is comprised of two mensura mining and exploration concessions totaling 110 hectares. Multiple mineralized structures with significant alteration indicators of IOCG systems have been identified in the area. Ore from the property is being sold to a Chilean national mining company and returning grades of up to 19.78% Cu and 13.9 g/t Au.

The Camila property, located in the highly prospective Candelaria IOCG Belt, is comprised of four mensura mining and exploration concessions totaling 770 hectares. Two mineralized structures with up to 1.12% Cu and 7.5 g/t Au have been identified on the site from recent surface grab samples.

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Red Lake Exploration, Inc. (RLKX.OB) – Due Diligence That Pays off

Wednesday, March 19th, 2008

In the investing world, a phrase we often hear is “due diligence”, and rightfully so. If one doesn’t do their “DD”, there’s a good chance that the investment might go sour. So, just what is Due Diligence? A glance at the dictionary shows us this: “the care that a prudent person might be expected to exercise in the examination and evaluation of risks affecting a business transaction”. Okay, that’s a good baseline. We can further expand our definition based on a Wikipedia entry: “A common example of due diligence in various industries is, the process through which a potential acquirer evaluates a target company or its assets for acquisition”. Keep that thought, we’ll be back to it in a moment.

One can also assign “due diligence” to the amount of investigation one conducts on an item of interest. If, for instance, you were to buy a used car, you’d certainly want to spend a certain amount of time doing your “due diligence” to make sure that the vehicle was sound, had no major defects, and wasn’t reported as being stolen, etc. So the term “Due Diligence” can really be broken down to mean “putting in the correct amount of research so you benefit from what you’ve found.” With that in mind, we’d like to examine the due diligence that Red Lake Exploration has done concerning their latest properties in Chile.

The Company trades under the ticker RLKX. It was the due diligence of Red Lake’s president, John Di Cicco, that swayed him towards securing the Camila Breccia, the company’s copper-gold project in the Candelaria iron-oxide-copper-gold (IOCG) belt of Chile’s coastal cordillera. In fact, the reason that the company has commenced exploratory drilling on this very property is because Di Cicco’s due diligence, in researching over 12 promising properties, resulted in the selection of this particular property as a top candidate for success. Di Cicco found that previous testing and exploration, performed by Trilogy Metals Inc, in the late 90′s, had indicated viable returns. In fact, the previous work included a property-wide geological mapping and sampling program, as well as a geophysics-induced polarization survey.

But the real “find” was that two previously identified mineralized structures had produced coincident-induced polarization anomalies. In the field of exploring for gold/silver/copper, IP anomalies are certainly “highly significant” in pinpointing possible locations of good ores, and, sure enough, grab sampling has already found the area promising in its copper content.

Doing the proper Due Diligence, or actually researching work that has already been done, and then using those results to narrow the possibilities down to the greatest probability of success, is what separates the mundane management team from the aggressive and highly successful management team. When researching a company for investing purposes, it’s always good to do your “DD”. When you find a management team that successfully executes its own due diligence, they are usually worthy of more than a cursory glance. Keep an eye on this one.

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Red Lake Exploration, Inc. (RLKX.OB) Announces Exploration Program At Camila Copper-Gold Project in Chile

Tuesday, March 18th, 2008

Red Lake Exploration, Inc. (RLKX) announced today that the company has begun exploring the Camila Breccia, a copper-gold project in the Candelaria iron-oxide-copper-gold (IOCG) belt of Chile’s costal cordillera. The exploration will entail six drillholes totaling approximately 1000 metres of diamond drilling on two previously identified mineralized structures.

The Camila Breccia is an early-stage exploration project that was last explored in the late 1990s by Trilogy Metals, Inc. Previous work included a property-wide geological mapping and sampling program and a geophysics IP (induced polarization) survey. Two mineralized structures were identified from this work: the El Zorro Vein and the Camila Breccia.

Red Lake is concentrating its exploration in the under-explored Candelaria IOCG belt of Chile. This belt is host to Freeport-McMoRan’s Candelaria Mine and the Anglo American’s Manto Verde Mine. The Camila property is one of several properties Red Lake has acquired in the region.

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Red Lake Exploration, Inc. (RLKX.OB) – Modern Day Treasure Hunting!

Tuesday, March 18th, 2008

The investing landscape has certainly changed over the last two years, and the news of the Bear Sterns Company being sold to JP Morgan for just 2 dollars a share certainly exemplifies how dramatic the changes can be. For years, investors gorged themselves on financial assets and esoteric derivatives, but this run has come to an end with the implosion of the subprime mortgage market. Once it was shown that a lot of companies were holding paper assets with no true way to value them, the credit markets seized up, leading to a mass exodus out of all those mark to model holdings. Investors wanted something solid, something that, if you dropped it on your foot, it would hurt. Something called a “commodity”.

The common definition of a commodity is an article of trade or commerce, especially an agricultural or mining product that can be processed and resold. In general terms, if we “use it up” (i.e., orange juice, copper, zinc, steel, bacon, etc.) and then need to replace it, it’s a commodity. In the past two years, we’ve seen investors shun the paper-backed assets in favor of the hard assets of commodities. Just about anything that takes a bit of sweat and determination to bring to market is soaring in value. Wheat for example has hit an all time high. So has corn. So has copper, zinc, platinum, and palladium.

But sometimes a commodity can have two or more “uses”, and this is what makes gold and silver such attractive commodities. History has shown both of these to function not only as jewelry and industrial metals, but historically as currency, and as inflation has caused the value of paper money to recede, gold and silver have greatly increased in value. The combination of gold and silver as both commodity and currency metals has driven both to recent highs, and demand is increasing daily.

Red Lake Exploration is now involved in the exploration for mineable metals such as copper, silver and gold in the coastal region of Chile. These areas, such as Chile’s III region, was the mining centre for copper, gold and silver starting in the 16th century. Because the technology of the time was primitive, once the easy fruit was found the mines and scrapes were abandoned in favor of easier pickings further inland. Now, because of increased technological and geologic methods, these areas are considered viable hunting grounds again.

Red Lake could be regarded as holding a bit of a “sweet spot” geographically. Because most metals are found to be in close proximity, finding a trace of copper generally indicates a likely amount of gold and silver as well, not to mention zinc, iron ores, and other less noble metals. Yet in the current market place, all metal and mineral commodities are demanding record or near record prices, suggesting that it won’t take much of a find to produce a significant return.

Exploring for resources is the modern day equivalent of treasure hunting. In days of old, a worn map and some rumors were all that was needed to send hearty explorers into the wilds. Today the maps are geological surveys and topographical maps, and the “rumors” are areas where metals and minerals were found in the past but deemed to be exhausted. Modern technology can turn what was a “spent” mine, into a productive mine through better extraction techniques.

Red Lake, trading under the symbol RLKX, is doing the necessary legwork to hone in on areas with the highest probability of suitable returns. This is the detective work phase, and it is also the most important part of modern prospecting. With gold trading at 1,000 dollars, and silver reaching 20 year highs, a significant find can ring the register for many years. Investors looking for an exploration stage company with solid management and experience should take a look at RLKX. They are certainly working in an area that’s paid off in the past. Keep an eye on them.

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Red Lake Exploration, Inc. (RLKX.OB) Begins Exploration Program at the Camila Copper-Gold Property in Chile

Monday, March 17th, 2008

Red Lake Exploration announced that it has begun exploring its copper-gold rich project in the Candelaria iron-oxide-copper-gold (IOCG) belt of Chile’s coastal cordillera. The exploration program includes the drilling of six holes, totaling about 1,000 metres (or 3,280 feet) of diamond drilling on two previously discovered mineralized structures.

The drilling will focus on depth extents of surface copper mineralization and coincident IP anomalies related with the Camila Breccia project. Grab samples from the region have returned 1.15% Cu. Also planned is a second target along the El Zorro Vein which is anticipated to intercept depth and strike extents of the known mineralized structure. Grab samples on the El Zorro have returned gold results up to 7.5 g/t Au.

The Camila Breccia is considered an early-stage exploration project. It was last explored by Trilogy Metals, Inc. in the late 1990s. Other site activities include a property-wide geological mapping and sampling program, and a geophysics IP (induced polarization) survey. Two mineralized structures were discovered from the exploration activities, the El Zorro Vein and the Camila Breccia. The El Zorro vein is a gold-bearing specular hematite-pyrite-quartz vein exposed on surface for approximately 1.2 kilometres with an interpreted total strike length of approximately 2.4 kilometres, while the Camila Breccia is a large specular hematite-quartz hydrothermal breccia outcrop with a diameter of approximately 250 metres.

The Company has focused its exploration in the under-explored Candelaria IOCG belt of Chile, host to Freeport-McMoRan’s Candelaria Mine, with reported mineable reserves of 470 Mt @ 0.95% Cu, 0.22 g/t Au and 3.1 g/t Ag; and Anglo American’s Manto Verde Mine, with reported proven and probable reserves of 67.2 Mt @ 0.63% Cu in 2006. The Camila property is one of a number of properties Red Lake has acquired in the area.

John Di Cicco, President of the Company, stated, “This is a very exciting point for Red Lake. It is the first step in our plan to find resources in the under-explored Candelaria IOCG belt.”

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Red Lake Exploration, Inc. (RLKX.OB) Announces Promotion through QualityStocks.net

Friday, March 14th, 2008

Red Lake Exploration, Inc. will be featured in upcoming Daily Newsletters, Daily Blogs, Message Boards, and the Small Cap Daily Internet broadcasts put out by QualityStocks. QualityStocks has over 600,000+ subscribers to The Daily Stock Newsletter, which is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters and puts it all into one Free Daily Newsletter Report.

John DiCicco, CEO of Red Lake Exploration, has the company focused on acquiring, exploring and developing natural resource properties in Chile. Mr. DiCicco stated, “Red Lake Exploration has established a unique and solid business foundation in Chile, and appreciates the opportunity to feature its business plans in the QualityStocks Daily Newsletter, Video and Blogs. QualityStocks is providing a much-needed service in the micro-cap and small-cap markets.”

Michael McCarthy, Director of Business Development for QualityStocks.net, stated that QualityStocks is pleased to have Red Lake Exploration as a featured company. McCarthy added that the Company is methodically establishing itself.

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Mining Exploration Company Red Lake Exploration, Inc. (RLKX.OB) sees Great Potential in Chilean Hills

Friday, March 14th, 2008

The company is buying up old Mines in the Chiles III region, with the intention to use present day mining techniques to extract copper, gold, and silver. Many of the Mines date back to the 16th century and were abandoned many years ago in favor of the large inland deposits, but using today’s advanced mining methods, the company believes these mines hold large deposits of Gold, Silver and Copper waiting to be extracted.

Gold is currently trading at the highest price it has ever traded at, hitting a record high of over $1000 dollars an ounce yesterday. This is driven by the supply curve of gold. World demand has skyrocketed, as the Real Estate bust becomes a reality. Another driver of high gold prices is the weak US dollar, which continues to plummet. All of this is driving investors to bid up the price of gold. When the economic outlook is uncertain investors turn to gold.

Silver is also seeing increased demand pressure. This is associated with dwindling supplies. Most Silver mined today is a by-product of other metals thus creating a sticky supply curve. This sticky supply curve leads to extreme rises in the price of Silver, because production takes years to increase. Demand is driven by Industrial uses, Decoration and Investor speculation.

This Chilean mining company is well positioned to capitalize on the explosive commodities market of Gold, Copper and Silver. Using today’s technology, they identified existing mines that still hold great quantities of these precious metals. They have selected each one of their exploration sights strategically. It is the company’s belief that these mines will deliver well beyond expectations, which could bring exceptional returns to investors.

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Red Lake Exploration, Inc. (RLKX.OB) is “One to Watch”

Wednesday, March 12th, 2008

Red Lake Exploration, Inc. (RLKX.OB) is focused on acquiring, exploring and developing mineral properties in Chile. The Company’s headquarters are located in Richmond, Canada. Its primary project, the Farellon property, is situated in the promising Canadalaria Iron Oxide Copper Gold belt.

The Management team, comprised of John Di Cicco, Caitlin Jeffs, and Michael Thompson, has great experience working within the mineral exploration industry. Caitlin Jeffs received her Honours B.Sc. in Geology from the University of British Columbia and has worked for a number of junior and major companies in both gold and base metal exploration. The majority of her experience comes from working with Placer Dome CLA Inc. and Goldcorp Inc. where she managed all aspects of deep exploration projects.

Michael Thompson has also worked for several junior and major companies in both gold and base metal exploration. He received his Honours B.Sc. in Geology from the University of Toronto in 1997 and specializes in structural interpretation of gold deposits in addition to managing large exploration programs.

The Company has received options to purchase Santa Rosa and Camila Mineral Properties in III Region, Chile. Both Santa Rosa and Camila have identified drill targets and drilling plans are in development. Geological interpretations of the tectonic settings and identified alteration suggest that large hydrothermal systems comparable to those of the Candelaria and Manto Verde mines, which host significant copper and gold resources, are present.

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