Redcorp Financial and Operating Highlights for the 4th Quarter & Year Ending Dec. 31, 2007

REDCORP VENTURES LTD. (RDV-TSX) and its wholly-owned consolidated subsidiaries, Redfern Resources Ltd. and Redcorp Empreendimentos Mineiros Unipossoal Lda. (collectively, “Redcorp”) will, on or before March 31, 2007, file on www.sedar.com and mail to shareholders its annual report for the year ending December 31, 2007. In this release, we provide a comparative summary of the year’s operational and financial highlights. Readers are advised that due to the summary nature of this release, the highlights should be read in conjunction with our year end MD&A and audited consolidated financial statements contained in our annual report, once available.Summary of Operational and Financial Highlights
The following table shows selected comparative consolidated financial information for the fourth quarters (“Q4’s”) and years ended December 31, 2007 and 2006.

Permitting and Community Relations Activities (See Significant Subsequent Events)
During 2007, the following permitting and community relations activities were attained:

• We received approval from the BC Environmental Assessment Office (“BCEAO”) for proposed design and infrastructure changes from the original Tulsequah Chief Mine Plan, which enhances operational efficiency and has a smaller environmental footprint;
• We received our Mineral Exploration Code II Permits in two phases (MX-I and II) and Occupancy Licence to Cut from the BC Government, allowing us to construct certain roads and an airstrip at the Tulsequah minesite;
• We received from the BC Government a five-year Project Approval Certificate extension to December 2012 relating to our original Project Approval Certificate, during which time mining operations must substantially commence;
• We submitted a federal and provincial barge-access amendment to our existing Environmental Approval Certificate and provided the state regulatory authorities of Alaska with updated information for proposed river barging operations; and
• We executed a letter agreement with the Taku River Tlingit First Nation (“TRTFN”) that establishes a workplan and funding framework to assist with the evaluation of the newly-proposed river-based transportation system for the Tulsequah Project.

The provincial amendment process has taken longer than anticipated mainly due to its transboundary aspect and the scope of review the BCEAO has chosen to undertake. The public process is complete and the working group of stakeholders has formed subcommittees to deal with specific issues prior to formalizing recommendations to the BC Government. We now anticipate this formal process will conclude in 2008-Q2. The federal government has now acknowledged that the necessity for a barge landing facility will trigger a Screening level review under the Canadian Environmental Assessment Act. We anticipate completion of this federal process in a similar time frame as that for the BCEAO process.

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