August 14, 2008 - Vancouver, British Columbia - Redcorp Ventures Ltd. (RDV-TSX) and its wholly-owned subsidiary, Redcorp Empreendimentos Mineiros Unipessoal Lda ("REM") (together, "the Company"), are pleased to present geochemical results from ongoing exploration programs in Portugal. Geochemical results have been received from both the drill program at Lagoa Salgada, a base metal project near Gr�ndola, and from a channel sampling program at the Vila de Rei gold project, northeast of Lisbon.

LAGOA SALGADA PROJECT (Base/Precious Metal Massive Sulphides)

A total of six core holes totalling 3,589.5m were drilled in two areas within the Lagoa Salgada concession earlier this year, the Rio de Moinhos area and the Lagoa Salgada area. The drilling was completed in April 2008, and the drill has been demobilized from the concession.

Three of the holes (RM08007 to RM08009, totalling 1,737m) were drilled in the Rio de Moinhos area to follow up on semi-massive to massive pyrite intersected last year in drill hole RM07004. Two of these new holes have returned geochemically anomalous values in lead and zinc. RM08008 returned the best results, with 2.21m grading 0.20% lead and 0.27% zinc. This intercept is situated about 100m down-dip from the pyrite intercept in RM08004. Although these results are not of economic grade in themselves, they are important geochemical indicators of base metal exploration potential along this buried horizon.

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