Redhill Resources Corp. announced that Mr. Andrew Bowering has been appointed President and CEO. Mr. Bowering is one of the founding directors of the company. Mr. Bowering is a self-employed management consultant to public companies and has provided services in a variety of management and financial oversight roles. Mr. Clive Massey has resigned as President and CEO to pursue other opportunities. Mr. Massey will remain as a director of the company.

the company also announced that it entered into a mineral property option agreement dated October 12, 2012 with Jared Henrickson whereby it is granted the option to acquire up to a 100% interest (subject to a 1.5% NSR granted to the optionor) in the Aspen Claims located approximately 100 kilometers south-southwest of Vanderhoof, British Columbia in the Nechako Plateau region. The property consists of 9 claims encompassing a total of 4,030 hectares. The Aspen Claims adjoin the company's recently optioned Chutanli Property and are situated 15 kilometres from New Gold's world class Blackwater gold deposit. In order to exercise the option as to a 100% interest in the property the company shall make the cash payments to the cptionor. upon the execution of the option agreement, a payment of $30,000; on or before the first anniversary of the payment date, a payment of $30,000; on or before the second anniversary of the payment date, the payment of $40,000; on or before the third anniversary of the payment date, the payment of $50,000; on or before the fourth anniversary of the payment date, the payment of $100,000; and on or before the fifth anniversary of the payment date, the payment of $300,000. It incur the expenditures completion of $50,000 on or before the first anniversary of the payment date; completion of another $100,000 in expenditures, for a total of at least $150,000, on or before the second anniversary of the payment date; and completion of another $100,000 in expenditures, for a total of at least $250,000 on or before the third anniversary of the payment date. The company may, at any time, exercise the option early by paying the remaining option cash payments to the optionor and signing a declaration that it will make the remaining expenditures. The company may, at any time, reduce the NSR to 1.0% by paying the sum of $1,000,000 to the optionor.