Each Unit consisted of one common share issued on a "flow-through" basis and one common share purchase warrant of Ruby Red. Each warrant entitles the holder to purchase one additional common share of Ruby Red at a price of $0.30 per common share for a period of 24 months from the closing of the offering. The net proceeds from the offering will be used to fund Ruby Red's exploration, development and acquisition programs.

About MineralFields, Pathway and First Canadian Securities

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar resource limited partnerships to investors throughout the world.

Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds. First Canadian Securities, a division of Limited Market Dealer Inc., is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, with investors both within, and outside of MineralFields Group.

About Ruby Red Resources Inc.

Ruby Red was formed to participate in the acquisition, exploration and development of mineral claims in the Fort Steele Mining Division of British Columbia for the purpose of exploring for precious and base metals. Ruby Red holds 100% working interests in 144 mineral claims (approximately 44,000 hectares), all located within 80 kilometres of Cranbrook, B.C. in the Purcell and Rocky Mountains. -- www.cnxmarketlink.com