?Red October is delighted to have identified such a world class...

?Red October is delighted to have identified such a world class copper project at this
early stage of our development. Our immediate priority is to establish a JORC-compliant
resource for Yellowstone by the end of June and progress metallurgical test work?, said
Ross Smith, Red October?s Managing Director.

?Based on the extensive previous diamond drilling campaigns at Yellowstone, we
believe this may be a company making asset. Yellowstone is very close to China where
much of the equipment is likely to be sourced at lower cost and there is good local
infrastructure which should further help keep costs down,? Mr Smith said.