Ruby Red Resources grants stock options



    TSX VENTURE: RRX

    CALGARY, Dec. 7 /CNW/ - Ruby Red Resources Inc. ("Ruby Red") announced
today that, pursuant to its stock option plan, it has granted options to
acquire up to 280,000 common shares of Ruby Red, of which 100,000 options were
granted to an officer of Ruby Red. Each of the options is exercisable for a
five year term expiring on December 7, 2012, and exercisable until that time
at a price of $0.25 per common share, being the current market price of the
common shares based on the closing price on the last trading day prior to the
date of grant. Any common shares issued upon exercise of the options will be
subject to a hold period expiring on April 8, 2007.

    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. In
addition to the properties Ruby Red has recently acquired, the Corporation
holds 100% working interest in 135 mineral claims (approximately
40,000 hectares), all located within 35 kilometres of Cranbrook, B.C. in the
Purcell and Rocky Mountains. Ruby Red is currently awaiting assay results from
its recent drilling program on its 100% owned Zeus, Jacleg and Loose Leg
properties.

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





For further information:

For further information: Randall Tronsgard, Vice-President, Corporate
Development of Ruby Red, at (403) 770-1346 or 1-866-257-4337

Organization Profile

RUBY RED RESOURCES INC.

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