VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/21/11 -- Redhill Resources Corp. (TSX VENTURE: RHR) ('Redhill' or the 'Company') is pleased to announce that it has been informed by it's joint venture partner Mutiny Gold Ltd. ('Mutiny') that it is raising AUD$9,700,000 through the issuance of 101,000,000 common shares at $0.096 per share. The funding, led by Hartleys Ltd in Perth, was heavily oversubscribed.