Red Hut MetalsInc. said July 11 that it is consolidating its shares, on a 1-for-2basis, for greater financial flexibility.

Upon completion of the share consolidation, the company'sissued and outstanding shares are expected to number 6,950,000 common shares.No name change will occur in conjunction with the consolidation.

The proposed share consolidation is subject to TSX VentureExchange acceptance.