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Abstract
(Marketwire - Nov. 13, 2012) - Red Pine Exploration Inc. (TSX VENTURE:RPX) ("Red Pine" or the "Company") provides a corporate update. Prevailing market conditions have made it difficult for many exploration companies to acquire funding for grass roots exploration programs. Red Pine has not been immune to these conditions, and as a consequence, does not have the available funds to undertake the scale of exploration programs required to advance the Company's projects. As a result, the Company is actively searching for outside parties who have the potential to advance our projects. Standard arrangements in the exploration sector such as Option/Joint Venture ("O/JV") agreements allow external parties to earn an interest in our projects over time. Since these partners have to use their own capital to earn that interest, such arrangements generally result in minimizing shareholder dilution while allowing the Company and our shareholders to benefit from any success.
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