To: Goose94 who wrote (70790 ) 7/15/2020 9:27:48 AM From: Goose94 Read Replies (1) | Respond to of 203865 Red Moon Resources (RMK-V) Gypsum Production Continues In New Found Land Canada July 15, '20 - NR Production has begun at Red Moon Resources Inc.'s Ace gypsum/anhydrite mine in western Newfoundland. The first shipment of the season was made on June 19, and a second shipment is scheduled for this week. Notwithstanding the COVID-19 disruptions which have impacted production and sales, the company is pleased with the progress made thus far in 2020. Overall, production is anticipated to be less than in 2019. Barring any future Covid 19 disruptions markets are expected to normalize in 2021. In anticipation of future demands for gypsum, the Company has been evaluating further mine development opportunities in the historic Flat Bay mines. This includes the possible reclamation of historic gypsum tailings left over from previous operations. It is estimated internally, based on drone surveys, that the tailings pile contains approximately one million tonnes of gypsum tailings. Particle size appears to be less than 3 inches in diameter which was considered waste from previous operations. The tailings were produced solely from physical crushing and screening. They were never processed with chemicals and as such are not toxic. An independent bench scale analysis of the tailing samples has been undertaken on behalf of the Company. It indicates that gypsum purity may be amenable to enrichment through dry or wet sieve screening to remove insoluble impurities to the point of meeting customer specifications for cement and / or wallboard. The Company is planning on scaling up a dry screen test sample this summer to determine the enrichment profile and the potential recovery factor of saleable material versus insolubles and fines. This project, if viable, will not only provide saleable material for the Company but will help remediate historic workings on the property. As well, the Company is evaluating the merits of removing overburden to access another gypsum deposit on the Flat Bay mineral property. This will require a drilling program to confirm and reference historic drilling results. Patrick J. Laracy, PGeo, President is the qualified person responsible for the contents of this news release as defined in National Instrument 43-101. About Red Moon Resources Inc. Red Moon Resources is an industrial minerals company with production of gypsum/anhydrite at its Ace Mine in western Newfoundland. As well it is developing the Captain Cook Salt deposit and the Black Bay Nepheline deposit in Newfoundland and Labrador. Vulcan Minerals owns approximately 63% of the common shares of Red Moon. For information please contact: Patrick J. Laracy, President (709) 754-3186 laracy@vulcanminerals.ca www.redmoonresources.com