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September 08, 2008


Red Hill Energy finds more coal in Mongolia

Red Hill Energy announced that it has made a major new coal discovery in southwest central Mongolia contiguous to CVRD's lead Mongolian coal project. Drilling on Red Hill's 100% owned Chandgana Khavtgai coal property has defined a 678.4 million tonne coal resource, with 188.7 million tonnes measured and 489.7 million tonnes indicated.

Red Hill said that additionally, another 439.6 million tonnes of inferred coal resource has been outlined. Red Hill's total coal resources from two separate Mongolian coal districts now exceed 1 billion tonnes. This includes 504.5 million tonnes classified as measured resources and 524 million tonnes classified as indicated, with an additional 475.5 million tonnes classified as inferred. This is a 193% increase in tonnage from September 10th 2007, and is attributable to the very large Chandgana Khavtgai discovery.

Chandgana Khavtgai is located in southeast central Mongolia and is a sister property to Chandgana Tal Red Hill's 100% owned property 9 kilometers to the northeast. Both Chandgana projects are in the historic Nyalga Coal Basin and are contiguous to a large coal project underway by a subsidiary of Brazil's Companhia Vale do Rio Doce, also in the Nyalga Coal Basin. Combined, Red Hill's Nyalga Coal Basin projects account for 819.7 million tonnes coal (330.0 measured, 489.7 indicated) and an additional 439.6 million tonnes inferred.

Mr Ranjeet Sundher president of Red Hill said that "Reaching the 1 billion tonne milestone in less than 24 months of Mongolian coal exploration is a testament to our people. Going forward, Red Hill's goals remain unchanged, continuation of our projects, advancements towards production, and continued exploratory drilling regionally."

Red Hill Energy Inc is advancing over one billion tonnes of 100% owned coal from two Mongolian coal basins towards production. Red Hill also has multiple uranium properties and several gold and copper exploration projects located throughout Mongolia. Red Hill has a strategic alliance with Mega Uranium Ltd to jointly develop its uranium assets and has a full time office in Mongolia's capital of Ulaanbaatar.