Ruby Red proposes to extend terms of warrants



    TSX VENTURE: RRX

    CALGARY, Sept. 24 /CNW/ - Ruby Red Resources Inc. ("Ruby Red" or the
"Company") announces that it has made application to the TSX Venture Exchange
for approval to extend the terms of previously issued warrants of Ruby Red. A
total of 1,200,000 non-transferable warrants were set to expire on October 3,
2008 and 400,000 non-transferable warrants were set to expire on November 3,
2008. Each of the warrants entitles the holders thereof to purchase a common
share of Ruby Red at a price of $0.35 per share. The directors of Ruby Red
have determined, subject to TSX Venture Exchange approval, that it was
appropriate to extend the expiry dates of all the warrants to April 3, 2009.

    About Ruby Red Resources Inc.

    Ruby Red was formed to participate in the acquisition, exploration and
development of mineral claims in the Fort Steele Mining Division of British
Columbia for the purpose of exploring for precious and base metals. Ruby Red
holds 100% working interests in 144 mineral claims (approximately 44,000
hectares), all located within 80 kilometres of Cranbrook, B.C. in the Purcell
and Rocky Mountains.

    Except for statements of historical fact, this news release contains
certain "forward-looking information" within the meaning of applicable
securities law. Forward-looking information is frequently characterized by
words such as "plan", "expect", "project", "intend", "believe", "anticipate",
"estimate" and other similar words, or statements that certain events or
conditions "may" or "will" occur. Forward-looking statements are based on the
opinions and estimates of management at the date the statements are made, and
are subject to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from those
anticipated in the forward-looking statements, which include but are not
limited to risks inherent in the mining industry, regulatory and economic
risks, and risks associated with the company's ability to implement its
business plan. Ruby Red undertakes no obligation to update forward-looking
information if circumstances or management's estimates or opinions should
change except as required by law. The reader is cautioned not to place undue
reliance on forward-looking statements.

    
    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED, AND DOES NOT ACCEPT
    RESPONSIBILITY FOR, THE ADEQUACY OR ACCURACY OF THIS RELEASE.
    

    %SEDAR: 00024735E




For further information:

For further information: Randall Tronsgard, Vice-President, Corporate
Development of Ruby Red, at (403) 770-1346, 1-866-257-4337 or e-mail:
rtronsgard@rubyredresources.com

Organization Profile

RUBY RED RESOURCES INC.

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