RED MOUNTAIN DISCOVERS NEW BONANZA GOLD SHOOT AT LOBO

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Perth-based Red Mountain Mining has made another, exceptionally high-grade, gold discovery on the 500 metre long South West Breccia Lode structure at its Lobo Prospect, Batangas Gold Project, in the Philippines. • New trenching results to 2.6m (true width) @ 28.6 g/t gold including 1.5m @ 45.9 g/t Au • New potential shoot 100m from previously announced trenching to 2m @ 31.1 g/t gold The peak new intersection (Trench 13) of 2.6 metres at 28.6 g/t gold (Au) including 1.5m @ 45.9 g/t Au is located 100m along strike to the southwest of the previously announced high-grade Trench 7 intersection of 2m @ 31.1 g/t Au including 1m @ 60.2 g/t Au (released 6th November 2013). Recent sampling on the other, northeast, wall of Trench 7 produced an intersection of 3m @ 22.2 g/t Au including 1m @ 41.5 g/t Au, confirming the exceptionally high-grades, virtually at surface, in this location. Red Mountain Mining Managing Director Mr Jon Dugdale said, “The discovery of another lode with bonanza gold grades in surface trenching gives us confidence that we have a series of high grade gold shoots occurring along the South West Breccia structure, which continues for at least 500 metres then passes under shallow limestone which possibly obscures more high-grade zones.” “Our very cost-effective surface trenching program will continue to define lode continuity at surface before drilling is planned to define potential high-grade gold mineral resources.” Trenching results to date are summarised in NSR Limestone Cover The latest, Trench 13, result is from a northwest dipping lode displaced slightly down slope by surface slumping. Trench 11, 7m to the southwest, intersected the same lode grading 1.3m @ 8.68 g/t Au including 0.8m @ 13.6 g/t Au and 10m to the southwest Trench 14 intersected limestone cover that conceals the gold lode (see Figure 3 below). The limestone cover continues for over 1km before the lode structure emerges to the southwest where previously sampled surface colluvial float grades of up to 79.6 g/t Au occur at Signal (See Figure 5). The discovery of two new epithermal potential gold shoots brings to four the number of shoots identified within the 500m strike length along the South West Breccia lode corridor at Lobo. This corridor already includes Indicated and Inferred resources of 194,000t at 7.2 g/t Au (2004 JORC) and drilling results to 3.7m @ 8.6 g/t Au at the Japanese Tunnel target. The two new potential shoots recently discovered at Trench 7 and Trench 13 could potentially significantly add to the mineral resource base at this location. Mr Dugdale said, “It is likely that a pinching and swelling epithermal lode is intermittently developed over the entire strike length from South West Breccia through Japanese Tunnel, the Trench 7 area and to the Trench 13 area, with each “swell” representing a potential individual high-grade gold shoot spaced approximately 100m apart within the 500m long lode corridor mapped to date. The logical next stage of our exploration program is to drill under the high grade trenches and we are looking forward to seeing what this stage of the program might yield.” Figure 1 shows the location plan of the trenching results and Figure 2 is a longitudinal projection through the 500m long South West Breccia Lode corridor. Figure 1: Plan of the South West Breccia lode structure with new high grade trenching results Figure 2: Longitudinal Projection of South West Breccia lode structure with trenching results Four trenches on approximately 10m spacing have been completed in the Trench 7 area. The lode has been intersected in three of those trenches and the northeastern most of those, Trench 12, failed to intersect the lode which may occur up slope under >3m of colluvial cover, too deep for safe trenching. Drilling will be required to confirm continuity of the high-grade shoot below surface and to confirm whether the shoot connects with the Japanese Tunnel zone 75m to the northeast. Trenching results from the Trench 7 area are shown on Figure 4 below. Figure 3: Trench 13 area, plan of trenching results Figure 4: Trench 7 area, plan of trenching results About the Lobo Prospect Surface trench channel sampling and drilling conducted by Red Mountain intersected high-grade epithermal gold mineralisation in five areas on the Lobo Mineral Production Sharing Agreement (“MPSA” – Philippines equivalent to a Mining Lease), namely South West Breccia (“SWB”), Pica, Japanese Tunnel, West Drift and Ulupong (see Figure 5 below). Mineral Resources (JORC 2004) have been defined for the SWB shoot, totaling Indicated and Inferred 194,000t @ 7.2 g/t gold for 45,000 ounces of gold (“oz Au”). This includes an Indicated Resource of 178,000t @ 7.4 g/t Au for 42,000 oz Au and an Inferred Resource of 16,000 t @ 5.3 g/t Au for 3,000 oz Au. Exploration Targets have been defined for the Japanese Tunnel and Pica prospects and a continuous program of soil sampling, mapping and surface trenching continues with the objective of defining targets for drilling to define additional high-grade Mineral Resources on the Lobo Prospect. Figure 5: Plan of Lobo MPSA with epithermal lode structures and Exploration Targets ____________________________________________________________________________________________________________________ For further information about Red Mountain please visit www.redmm.com.au or contact: Company Investors Media Jon Dugdale Matt Birney Managing Director Birney Corporate (+61) 402 298026 (+61) 419 217 090 (+61) 8 9226 5668 (+61)8 9226 5668 E : jon.dugdale@reddmm.com.au E : matt@birneycorporate.com.au ____________________________________________________________________________________________________________________ About Red Mountain Mining Limited Red Mountain Mining (ASX: RMX) is primarily a gold explorer and project acquisition company which listed on the ASX in September 2011. The Company’s strategy is to unlock the potential of ‘under-developed’ gold and polymetallic projects in the greater Asian region by introducing Australian mining methods and improving efficiencies to gain significant production and exploration upside. The Company holds direct and indirect interests in tenements in the Philippines that contain significant gold resources and several high-quality copper-gold prospects. Total 2004 JORC Mineral Resources at Batangas, at a 0.85 g/t Au lower cut off, include Indicated Resources of 2.76 million tonnes @ 2.3 g/t Au, 208,000 oz Au and Inferred Resources of 3.02 million tonnes @ 2.1 g/t Au, 200,000 oz Au for a total of 5.78 million tonnes at 2.2 g/t Au, 408,000oz Au (announced January 30th 2013, 2004 JORC). The Company is focussed on upgrading the Batangas resources through discovery of new, high grade, gold zones at Lobo (e.g. SWB - Japanese Tunnel zone, Pica, West Drift, Ulupong). The Company will continue exploration with the objective of increasing the size and grade of the Mineral Resources at Batangas and complete a scoping study to demonstrate the potential viability of a gold mining and processing project. Other gold opportunities will be reviewed on a continuous basis. Competent Person Statement The information in this report relating to Exploration Results and Exploration Targets is based on information compiled by Mr Jon Dugdale who is a Fellow of the Australasian Institute of Mining and Metallurgy and has sufficient exploration experience which is relevant to the various styles of mineralisation under consideration to qualify as a Competent Person as defined in 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Dugdale is a full time employee and Managing Director of Red Mountain Mining Ltd. Mr Dugdale takes responsibility and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. The information in this report relating to Mineral Resources is based on information compiled by Mr Jon Dugdale who is a Fellow of the Australasian Institute of Mining and Metallurgy and has sufficient exploration experience which is relevant to the various styles of mineralisation under consideration to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Dugdale is a full time employee and Managing Director of Red Mountain Mining Ltd. Mr Dugdale takes responsibility and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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RED MOUNTAIN DISCOVERS NEW BONANZA GOLD SHOOT AT LOBO