RDM

Red Mile Minerals Corp. "Red Mile" (TSX VENTURE:RDM) has, subject to regulatory
approval, acquired a 100% interest in the 1,100 hectare Esker Gold Property
located 61 km west of the town of Pickle Lake in northwestern Ontario. The
property is contiguous to the southeast with the Golden Patricia mine, which
produced 450,000 ounces of gold at a head grade of 14.9 g/t Au while operated by
Barrick Gold from 1988 to 1996.


The Esker Property hosts the Esker gold prospect discovered by St. Joe Canada
Limited in 1988. Gold is hosted by quartz veins and alteration within sheared
mafic metavolcanics and banded iron formation comparable to that found along
strike at Golden Patricia mine 4.75 km to the northwest.


A total of 12 diamond drill holes by St. Joe Canada tested the Esker Zone in
1988-1990; all holes intersected gold-bearing intervals. Three holes tested the
thickest part of the Esker zone to a depth of approximately 50m and along strike
for 80 m. Historical assay results from the Esker zone include: 




--  ME-88-08: 3.18 g/t Au over 12.3 m, including 5.67 g/t Au over 5.22 m in
    iron formation; 
--  ME-88-06: 24.0 g/t Au over 0.3 m from a quartz vein in mafic
    metavolcanic.



((i)summarized from Ontario Ministry of Northern Development and Mines data)

John Hickey, President & CEO of Red Mile commented: "We are excited about
acquiring a quality property with high grade gold potential in a structurally
favourable setting that has been under-explored and has gold showings located at
surface. To date, there has been limited drilling to test the gold zone. Its
proximity to a past producer and the advantages of available infrastructure in
the area are also attributes that attracted us to the property."


Transaction Terms

To acquire a 100% interest in the Esker Gold Property, Red Mile will, subject to
Regulatory Approval, issue 1,000,000 common shares of Red Mile to DLK Minerals.


A 2.0% net smelter return royalty ("NSR") has been reserved in favour of DLK;
Red Mile may purchase and terminate 1.0% of the NSR, in increments of 0.5%, at
$500,000 per 0.5% (total of 1% at $1,000,000).


Head Office

Red Mile has moved its head office to 65 Queen St. West, Suite 520, Toronto, ON
M5H 2M5.


Qualified Person

Kerry Sparkes M.Sc., P.Geo and Director of Red Mile is the Qualified Person
responsible for the technical information contained within this release. 


About Red Mile Minerals Corp.

Red Mile Minerals is a tightly held mineral exploration company with a gold
property along the prolific Destor-Porcupine gold-producing region in Ontario
and the Dorset Property in Baie Verte, Newfoundland. Red Mile continues to seek
additional mineral exploration opportunities where the company's exploration
expertise and corporate share structure could substantially enhance shareholder
value. Currently there are 21,445,000 shares issued and outstanding.


On behalf of the Board of Red Mile Minerals Corporation

John Hickey, President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT: 
Red Mile Minerals
John V. Hickey
President & CEO
(416) 637-2139
(416) 368-1539 (FAX)
office@redmileminerals.com
www.redmileminerals.com

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