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Revolution Intersects 30.0 meters averaging 2.59 g/t Au and 70.0 meters averaging 1.10 g/t Au in Initial Holes at Champion Hills Project, Carolina Slate Belt



January 6, 2011

Vancouver, British Columbia – Revolution Resources Corp (“Revolution” or “The Company”) is pleased to announce that significant gold mineralization has been encountered in the first drill holes completed at its Champion Hills Project located in the Carolina Slate Belt, North Carolina.

The 2,700 metre, 11 hole Phase I drilling program focused on two areas of historic mining and drilling.    Results from the initial holes at the Loflin Prospect confirm a significant gold mineralized system with geological similarities to mines and deposits in the Carolina Slate belt; including Romarco Minerals’ Haile Mine. Assays are currently pending for two additional holes at Loflin, and three holes completed at the historic Jones-Keystone mine, located along trend 1,500 meters to the east.  Additionally, Revolution is completing an extensive soil geochemical sampling program and geological mapping throughout the trend.

Initial drill results from the Loflin target include:

  • LF10-17:  70.0 meters averaging 1.10 g/t Au
  • LF10-18:  30.0 meters averaging 2.59 g/t Au
  • LF10-19:  14.0 meters averaging 0.79 g/t Au

Revolution has commenced a second Phase, 5,000m drill program.  Drilling will continue to target the Jones-Keystone and Loflin prospects.  Along with drilling, mapping, prospecting, and soil sampling, will be conducted along the Champion Hills trend with the objective of identifying additional drill targets.   The estimated budget for this program is US$1 million, and is expected to be complete at the end of March 2011.

The Gold mineralization is hosted within andesitic metavolcanic rocks, typically with strong pyrite, pyrrhotite and arsenopyrite mineralization. Gold occurrences within the Champion Hills trend are likely hosted along synvolcanic structures that strike east-northeast.  Initial drill holes, including LF10-17, which intersected 70.0 meters averaging 1.10 g/t Au (including 20.0 meters averaging 2.19 g/t Au) and L10-18, which intersected 74.0 meters averaging 1.12 g/t Au (including 30.0 meters averaging 2.59 g/t Au) were completed from the same collar location and intersected near surface mineralization.  LF10-19 is a stepout hole, located 50 meters to the southwest.

Drill Holes LF10-20 and 21 were drilled towards the northeast as stratigraphic holes.  The purpose of these holes was to better understand the layered volcanic stratigraphy at Loflin; the different suites of metavolcanic flows and breccias are interpreted to have varying permeability, with brecciated host rocks being better hosts for gold mineralization.  These holes encountered long intervals of sericite and carbonate alteration, as well as moderate amounts of pyrite and pyrrhotite.  It is interpreted that these holes are drilled subparallel with the northeast trending mineralization structure.  Hole LF10-22 was collared at the same setup as LF10-17 and 18, and oriented to the southeast to test the upper portion of the mineralized zone, and for parallel zones.  This hole may have drilled overtop of the mineralized structure.  Assays for two additional holes at Loflin are currently pending.

A collar location map and table can be viewed on the Company’s website at www.revolutionresourcecorp.com

Complete drill results are as follows:

Hole ID
From (m)
To (m)
Length (m)
Au (g/t)
LF10-017
26
96
70
1.10
including
26
46
20
2.19
 
88
96
8
3.05
LF10-018
14
88
74
1.12
including
36
66
30
2.59
LF10-019
60
74
14
0.79
including
66
70
4
1.65
LF10-020
194
196
2
1.70
LF10-021
No significant intercepts
 
LF10-022
No significant intercepts
 

About the Champion Hills Project

The Champion Hills Property is comprised of multiple historic pits and workings within a 25 kilometer long trend in North Carolina.  The Project occurs within the Carolina Slate Belt, which hosts most of the major gold mines in the southeastern U.S.  Significant deposits include the Ridgeway Mine, which produced 1.5 million ounces of gold from 1988 to 1999, and Romarco’s Haile Mine project.  The Champion Hills project is geologically analogous to these deposits, whereby gold mineralization is hosted within quartz-sericite-pyrite altered volcanic rocks, associated with northeast trending shear zones. 

Minimal modern exploration has occurred in the Carolina Slate Belt, generally due to previous complex land tenure..  Gold was discovered in Champion Hills in the early 1800’s, with small scale production from many small operations.  Mining continued in the area through the 1930’s depression era.  Noranda explored Champion Hills for shallow, open-pit gold deposits from 1989 to 1992, completing 23 core holes totalling 2,936 meters.  This drilling encountered multiple drill intercepts averaging over 0.5 to 1.3 g/t Au over long intervals, including several holes that were abandoned in mineralization at depth.  Complete historic results can be viewed on the Company’s website at www.revolutionresourcescorp.com.

Acquisition of the Champion Hills Gold Project

Further to its news release issued on September 7, 2010, the Company has completed the acquisition from a non-arm's length private company (controlled by Aaron Keay, Rob McLeod and Michael Williams, three directors and/or officers of the Company) of a 90% interest in the option and lease agreements with underlying property holders covering the Champion Hills Gold Project.  The Company paid US$75,000 and issued 2,000,000 common shares to the private company to complete the acquisition.  The Company is required to make additional post-closing payments of an aggregate of US$300,000 to the private company in three stages over the next nine months.

The Company retains a right of first refusal to acquire the remaining 10% of the private company's interest in the option and lease agreements, exercisable at any time following the Company having expended at least US$1,000,000 on the subject properties.  Until such time as the remaining 10% interest is acquired by the Company, the 10% interest will be carried by the Company for the purposes of exploration expenditures.

In completing the acquisition, the Company has assumed multiple arms-length, third-party option and lease agreements (the "Agreements") with the underlying private land owners covering the Champion Hills Gold Project.  These Agreements include annual cash payments of US$200 per acre to the land owners over a five year lease term, as well as a payment of US$1 per foot drilled.  At any time during the five year lease term, the Company may enter into a lease/purchase agreement with the underlying private land owners for a 20 year lease term, pursuant to which the Company will pay the land owners a US$200 per acre annual advance royalty.  The Company may at any time purchase the land for 150% of its appraised value.  Upon commencement of commercial production, the Company will owe a 2% net smelter returns royalty (whether the property is leased or owned).

The Company completed the acquisition shortly following filing of a valuation with the Toronto Stock Exchange and obtaining the conditional approval of the Toronto Stock Exchange to the issuance of the 2,000,000 common shares.

The Company acquired certain additional property interests with respect to the Champion Hills Gold Project directly.

About Revolution 

Revolution’s 2010 exploration program at Champion Hills is performed under the supervision of Robert McLeod, P.Geo, Director of Revolution and a Qualified Person as defined by NI 43-101. Drill cores are cut in half using a diamond saw, with one half placed in sealed bags, and delivered to ALS-Chemex facilities in Reno, Nevada. A sample quality control/quality assurance program utilizing standards and blanks, as well as third-party check labs has been implemented.  Contents of this release were prepared by and approved for release by Mr. McLeod.

ON BEHALF OF THE BOARD

“Aaron Keay”

President, CEO and Director

Dylan Berg,
Manager, Investor Relations
604.681.5672 office
604.616.1182 mobile
dylan@revolutionrc.com

Aaron Keay,
President, CEO and Director
604.678.4024 office
604.323.6911 mobile
aaron@revolutionrc.com

Forward-Looking Statements: This Revolution Resources Corp. News Release may contain certain "forward-looking" statements and information relating to Revolution which are based on the beliefs of Revolution management, as well as assumptions made by and information currently available to Revolution management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, exploration and development risks, expenditure and financing requirements, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

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