Radisson Mining Resources inc. is a public mineral exploration company, listed on the TSX Venture Exchange (TSX-V: RDS). The Company is involved in the acquisition, exploration and development of mineral properties. The Company’s projects are located in the prolific Abitibi Region, in Québec, one of Canada's most productive gold districts, as well as in northwestern Ontario, for its molybdenum potential.

For several years, Radisson Mining Resources Inc. has been focusing on two specific properties that form the O’Brien/Kewagama project. A gold resource of more than 300,000 ounces of gold (calculated prior to the implementation of National Instrument 43-101) has already been defined, primarily in the 36E Zone. The project is wholly owned by Radisson and is located at the heart of the Cadillac gold camp, which has been enjoying exceptional success for several years with the deepening of Agnico-Eagle Mines Ltd.’s La Ronde gold mine (8 million ounces of gold) just north of the project; the discovery and development of Agnico-Eagle Mines Ltd.’s Lapa deposit (1.7 million ounces of gold) 6 km east of the project, which will be brought into production in 2008; and the recent discovery of three major gold zones by the Globex Mining Enterprises-Queenston Mining joint venture on the Wood-Pandora project, just east of the project, whose best drill intersection graded 22.6 g/t over 45.8 metres. The O’Brien/Kewagama project covers a strike length of nearly 4 kilometres of lithologies favourable for both Lapa-type and Wood-Pandora-type gold mineralization.

A 4000-metre drilling program is underway on the O’Brien/Kewagama project to test targets in geological settings similar to those of showings recently discovered on the Wood-Pandora project, in addition to testing known gold zones.

In light of the favourable price of gold and positive results already obtained in drill holes identifying the 36E Zone, the Company will re-evaluate the O’Brien/Kewagama project to determine whether it is preferable to go ahead with underground bulk sampling from shafts on the O’Brien and Kewagama properties or to continue diamond drilling from the surface to increase known gold resources. To this end, a scoping study will be carried out in 2006 by an independent consulting firm.

The Company has also been evaluating its portfolio of properties to effectively target future projects. The first result of this operation was the identification of the Douay and Massicotte properties, in northwestern Québec, as highly prospective for the discovery of gold deposits. To attain its goals, the Company staked additional claims surrounding its properties in 2005 and 2006. A total of 407 hectares were staked around the Douay property and 12,066 hectares around the Massicotte and Lac Gignac properties, which now form a single 15,800-hectare property (158 square kilometres). For the Douay property, this represents a 4-kilometre band along the Casa-Bérardi/Douay/Cameron corridor, and for the Massicotte group, a 20-kilometre band of lithologies favourable for Detour Lake-type mineralization (5.2 million oz. Au) along the Detour Lake Deformation Zone and 15 kilometres along the Massicotte Deformation Zone, where several gold showings have been discovered in the past.

Compilation work is currently underway to select the most prospective sectors. Exploration work will be proposed for selected targets, depending on the Company’s financial capability, and an airborne survey is being considered for this year.

In fall 2005, the Company also acquired properties in northwestern Ontario, south of Dryden, an area known for its molybdenum potential. The Company selected this commodity for its value added as an alloying agent in the steel industry due to its corrosion resistance, strengthening properties and high temperature performance. There has been relatively little exploration for this rare metal, which is increasingly in demand. The four newly acquired properties contain several molybdenum and a few gold showings. They cover a total area of 3,520 hectares. A preliminary prospecting program and an airborne electromagnetic survey have already been carried out over all four properties. The results of the analysis, which is underway, will guide upcoming exploration work.

* 1=compilation 2=reconnaissance 3=ground surveys 4=drilling 5=development 6=production