REDCORP VENTURES LTD. (RDV-TSX) and Redfern Resources Ltd. ("Redfern"), its wholly-owned subsidiary, (together the "Company"), are pleased to announce additional results for the 2007 exploration program on the Tulsequah Property. Drilling operations at the Tulsequah Property were temporarily suspended between June 25th and July 12th, 2007 to allow for drilling personnel breaks and to accommodate increased development activities.� Drilling activities resumed on July 12th targeting areas updip of the Tulsequah Chief deposit.�

New 2007 Exploration Drilling Results�

All of the reported results refer to drill holes completed in the vicinity and extensions of the Big Bull deposit.�

BB07073 was drilled from east to west; a small zone of mineralization associated with the main Big Bull trend was cut in this hole.�

BB07074 did not cut any significant mineralization.� The hole cut basalts at the target depth.

BB07075 encountered two small zones of mineralization that were separated by a post mineralization basalt intrusion.� Stratigraphically, the mineralization in this hole is similar to that encountered in the 60-62 zone, suggesting that the 60-62 zone may be folded into a different orientation or offset by faulting at this position.�

BB07076 cut three zones of significant mineralization.� The first zone, from 244.00 to 245.12 meters cut 4.49 gpt gold, 259.57gpt silver, 3.86% lead and 22.46% zinc over a core length of 1.22 meters.� The position and grade of this interval suggests that it may be part of the 60-62 zone.� From 255.00 to 257.81 meters the hole cut 1.60 gpt gold, 120.14 gpt silver, 1.91% lead and 4.75% zinc.� The mineralization in this interval is composed of both quartz-sericite-pyrite and massive sulphide mineralization, and may be part of either the 60-62 zone or the main Big Bull trend.� The final intercept was cut from 284.85 to 290.57 meters, and returned 1.89 gpt gold, 110.41 gpt silver, 2.43 % lead and 9.29 % zinc over a core length of 5.72 meters.� The stratigraphic position of this mineralization suggests that it is part of the main Big Bull trend.�

BB07077 was collared to the east of the main Big Bull trend to investigate a geophysical anomaly.� No significant mineralization was encountered in this hole.��

After completion of hole BB07077, the drill was moved to investigate an area where quartz sericite pyrite alteration had been mapped in outcrop. Results for one hole, BB07079 have been received, with no significant mineralization encountered.�


Tulsequah Mine Development Update:

From late June to mid July of 2007 a total of seven loads of construction equipment and supplies were delivered to the Tulsequah project using conventional shallow draft tug and barge equipment.� An existing barge landing site was reactivated, and a temporary construction camp has been established. The arrival of this equipment is the first step in the development of the Tulsequah mine and associated long-term exploration support. The Company wishes to sincerely express its gratitude to the local residents who supported and assisted with the recent barging activity.��

Redcorp Ventures Ltd. is a Vancouver-based mineral exploration and development company with active projects in British Columbia and Portugal.� Further information on Redcorp and the Tulsequah Project can be obtained on the Company's website at www.redcorp-ventures.com and at Redfern's website at www.redfern.bc.ca or by calling toll-free to Troy Winsor, Manager of Investor Relations, at 1-888-225-9662.


ON BEHALF OF THE BOARD OF DIRECTORS OF REDCORP VENTURES LTD.
"Terence Chandler"
������
Terence Chandler
President


Megan O'Donnell, P.Geo. and Michael G. Allen, P.Geo are the qualified persons, as defined by National Instrument 43-101, supervising the exploration program at the Tulsequah Project.� Eco-Tech Laboratories of Kamloops BC is an accredited assay laboratory conducting the sample analyses and assays using standard techniques.

Certain of the statements made and information contained herein is "forward- looking information" within the meaning of the Ontario Securities Act. This includes statements concerning the Company's plans at its Tulsequah Project and other mineral properties, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the availability of financing for activities, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, metal price fluctuations, environmental and regulatory requirements, availability of permits, escalating costs of remediation and mitigation, risk of title loss, the effects of accidents, equipment breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration or development , the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management and other risks and uncertainties, including those described under Risk Factors Relating to the Company's Business in the Company's Annual Information Form and in each management discussion and analysis. In addition, forward-looking information is based on various assumptions including, without limitation, contractor's costs, remote site transportation costs and materials costs for future remediation. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
�