Century Lithium Corp. V.LCE

RE: Redlake(RL) breakout!

[gaston99]

Press Release - Red Lake Resources Inc.(TSX-V : RL) Red Lake options Coeur d'Alene Idaho Silver Property March 24, 2006 8:18:00 AM Reaches agreement with Sterling Mining Company. Trading Symbol RL.V Chris England, President of Red Lake Resources Inc., ("Red Lake") is pleased to announce the Company has signed an Option Agreement whereby the Company has the right to earn a 50% interest in the Beacon Light Property located in the Coeur D'Alene Mining District in the State of Idaho, U.S.A. The property consists of eleven (11) mineral claims covering 220 acres, located in Shoshone County, Idaho. It includes the Beacon Light mine workings as well as parts of the Regional Osborne Fault and the Lookout Anticlines. The property is approximately 5 miles east of Hecla Mining's Lucky Friday Mine, which has been in continuous operation since 1958 and has produced several million ounces of silver. The formerly producing Pandora Mine is located approximately 3 miles to the southwest. The Agreement requires Red Lake to make total payments to the Optionor of $75,000 (US), issue 100,000 shares, and complete $250,000 (US) in exploration over a period of 3 years. The property is subject to a royalty of 2.5% of Net Smelter Returns (NSR). The acquisition of the Beacon Light silver property signals a new direction for Red Lake which has been primarily involved in the exploration for gold bearing properties. Management has researched the world demand for silver especially as it relates to China and India. The conclusion reached is that the price of silver is undervalued as it relates to current and future demand. This decision has been enhanced by the SEC approval of the Silver Exchange Traded Fund (ETF). Red Lake will be focusing on future acquisitions in areas specific to silver exploration in North America. Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". The Company intends that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected results. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Contact: Mr. Chris England, President Phone: [phone] Email: [e-mail]