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VANCOUVER, BRITISH COLUMBIA--(Jan. 6, 2011) - Revolution Resources Corp. (TSX:RV)("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:

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Overview

Revolution Resources� very low market cap, combined with its highly prospective properties in the Carolina Slate Belt, we think this company provides more speculative investors with the potential for major gains. And given some very promising drill results by Noranda Inc. in the past, we think the probability of building a mineable gold deposit is quite good. Underlying this view is an assumption that the gold bull market will remain in place and thus provide an environment for high risk capital to continue fueling high risk/high return exploration efforts like those being undertaken by Revolution Resources. A successful exploration campaign, Phase I of which got underway in October of this year, followed by subsequent success in Phase II and Phase III drill programs, could be expected to result in a substantial rise in the value of these shares, assuming the market environment for gold investments remains favorable.

Property Acquisition Is Key in the Slate Belt

Although the Carolina Slate Belt was where gold was first discovered in the U.S., and although there has been widespread evidence of the presence of gold mineralization in this geological setting, western states such as Nevada and Alaska have been areas of primary focus in the U.S.

The main reason the Carolina Slate Belt has taken a back seat to the western states is because the land in the Slate Belt is carved out into small, privately-owned properties, as opposed to vast areas of land owned by the U.S. government out West. Pulling together various smaller properties into a sizeable portion of land to allow for serious commercial mining is a challenge in the Slate Belt. However, once a land package of size is assembled, the permitting process, starting with drilling and going all the way through to production, is simpler than on government-owned lands. In fact, based on the experience of another company previously covered in this letter�namely, Romarco Resources�it is our view that the Carolina Slate Belt may provide some of the most favorable jurisdictions in North America for mine exploration and production.

The key for companies that have succeeded in pulling together sizeable tracts of land in this area is to have prominent local citizens on board. Since the local people are not inclined to deal with outsiders, companies that have aligned themselves with trusted locals have been able to pull larger tracts of land together of a size that can become commercial, given a viable ore deposit. Romarco is the best example at this time of this approach, but Revolution has also done well. It has some 400 acres pulled together and expects to expand that to 2,000 acres in 2011.

The Champion Hills Gold Project

The little red box labeled Ward-Sawyer in the illustration above encompasses two primary properties currently held by Revolution. Ward-Sawyer is a major structural trend in the Slate Belt. The two properties within this box, the Jones-Keystone Property and the Lofflin Property, are collectively known as �The Champion Hills Gold Project.�

The Jones-Keystone Property at present measures 164 acres. During the 1930s there was some limited mining carried out, but mostly from a surface saprolite zone. Noranda did some mapping, soil sampling, dug five trenches, and drilled three holes totaling 454 meters.

The Lofflin Property measures 170 acres. There was also some limited surface mining on saprolite zones on this property during the 1930s, and Noranda also carried out mapping, soil sampling, and trenching on this property as well. Noranda also drilled 20 holes totaling 2,484 meters and carried out some surface geophysical work. Noranda walked away from the project due to low gold prices.

Both of these properties are ready for drilling. The historical results from Noranda�s drilling, as posted below, are the major reason for optimism going forward:

These are grades that would not have been considered economic when Noranda was working on this property a few years ago. But with the price of gold where it is today, open pit mining projects under one gram per tonne can be highly profitable. Moreover, it has been the experience of Romarco that they have had increasing grades at depth.

We say that because there is every indication at this point in time that the Champion Hills Project is similar if not identical to the Romarco Property, which is evolving into a very large multimillion-ounce gold project.

In October, Revolution carried out a Phase I drill program to confirm Noranda�s earlier numbers. Obviously, if these numbers disappoint, it would likely pose some downside risk for shareholders. But if they confirm, it should provide a foundation for the next drill program, which hopefully will then begin to show the market prospects for outlining a viable deposit.

The prospect of the Champion Hills North Carolina site, located directly in the Carolina Slate Belt, is analogous to the Haile Gold Mine, a past producer by Piedmont Mining Company, which in the distant past was a recommendation in this letter. Romarco recently announced a resource estimate of 3.1 M oz. Au measured and indicated with an additional 1.1 M oz. Au inferred, prompting an active expansion of their operations in that region (Romarco Minerals Inc. News Release, Nov. 2, 2010). Of course considerably more work will need to be carried out before we will have any ideas if Champion Hills is comparable to that magnificent success story. We would remind our readers that our recommendation of Romarco brought us an 875.5% gain! Given the similarity of the rocks, gold values recorded to date, and limited past mining, there is reason to hope if not anticipate some good news from current and future drill programs.

The acreage Revolution possesses thus far has been smoothly acquired and given that mining is an industry known to and supported by local residents, permitting is not the typical speculative or contentious variable. As an example, no permitting is required to drill on private land. Further, Romarco Minerals, a widely known junior mining company, is rapidly expanding the Haile Gold Mine in South Carolina.

Revolution�s properties can be accessed via a major interstate highway system that runs up into Revolution�s locations. Due to the easy access, drilling costs are a fraction of what they are in Greenland or in other areas where properties are challenged by limited approach.

Historic Drill Results

In late October 2010, Revolution announced that diamond drilling and surface exploration has commenced at the company�s Champion Hills Gold Project. The Phase I drilling program totaled 2,500 meters in approximately 12 drill holes. The company completed holes from previous gold intercepts encountered by Noranda Exploration in the 1990s. Three of the holds drilled by Noranda are pictured above.

To give you an idea of the potential at Champion Hill, to your left are cross sections of drill results produced by Noranda. These are sizable intersections from surface to 120 meters, which is still very shallow. It is important to note that these holes remained in mineralization at depth. Any kind of depth and lateral extension outlined by future drill programs could very quickly delineate a large surface mineable gold deposit. Furthermore, management is prom�ising that exploration will continue on a year-round basis and on multiple targets. With all the current coring activities underway, combined with the historical presence of operational mines, there is reason for optimism.

Management

Aaron Keay, President and CEO - Mr. Keay was a partner at Inform Capital Partners where he was responsible for raising both equity and debt over the last five years in both the public and private sectors. He was responsible for the development and structuring of multiple financings or instrumental in putting together the syndicates for the companies. Mr. Keay has strong connections into both retail and institutional capital in Europe and North America, where he has built communication programs, led financing trips, and organized syndication road shows with multiple issuers, including the following: Universal Power Corp, Royalty Exploration Corp, Allon Therapetics, Minaurum Gold, Terrace Resources.

Michael Williams, Chairman - Mr. Williams is currently the President and CEO of Full Metal Minerals and a director and advisor to several mining exploration companies, including Underworld Resources. In March of 2010, Kinross Gold Corporation acquired Underworld for $140M after an initial resource estimate of over 1Moz gold. Mr. Williams has significant contacts with both retail and institutional investors and has an extensive investment banking network. He was previously Vice President of Atna Resources, a TSX listed company, where he developed and implemented all of the company�s communication and investor relations programs from 1996 through to 2004. Previous to joining Atna Resources, Mr. Williams provided public relations counsel to various sectors including: mining, manufacturing, financial services, hospitality, tourism, and government.

SUMMARY

Revolution appears to be well structured and capitalized, as they are well-funded and have no long-term debt. In addition, manage�ment is confident the areas are vastly underexplored and hold great potential for strong assay test results, which are projected to begin as soon as January, 2011. Both the Jones-Keystone and Lofflin properties are drill-ready, and President Keay shared his optimism for what he feels is a solid future for Revolution.

Past results by Noranda were noneconomic a few years ago. But now, with the nominal price of gold around $1,300 and with the real price of gold rising dramatically, open-pit grades of less than one gram per tonne are proving to be highly profitable, especially in areas where infrastructure is largely in place, as is true for the Revolution�s properties. A relatively friendly environmental permitting process combined with a very strong need to create jobs in a very depressed economy are also positive factors that bode well for future development of a mine, should exploration results justify thinking along those lines.

As always, there are no guarantees in this business. In fact, as this is a �D� progress company, let us remind you that without yet establishing a deposit of any size, this is our highest risk category. Other mitigating factors reduce the risk from many other �D� progress companies. But the risk is high, which of course relates to the upside potential that can be expected with successful future drill programs. As always, for the sake of prudent investing, we would like to remind you of our advice to diversify your portfolio by capping your allocation to this or any other one stock at time of purchase.

Revolution Resources Corporation was also resently covered by Lawrence Roulstons Resource Opportunities. Click here to view.

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