Placement to Raise A$2 million

• Placement to raise A$2M with shares at A$0.14 each
• Funds to expedite exploration and development
• Directors to participate with A$45,000

Redcastle Resources Limited has announced a placement to raise A$2 million through the issuance of up to 14,285,714 new shares at A$0.14 per share. The placement represents a 6.6% discount to the last closing price and will be used to expedite exploration activities across the company's portfolio, including drilling at MCE and other targets near QA and RR deposits. Additional funds will be allocated for potential new ventures and general working capital.

Placement to raise A$2M before costs.

Redcastle Resources plans to use the raised funds to expedite exploration and development projects, with potential new ventures and general working capital.