Confederation Minerals Ltd.

Confederation Minerals Ltd.
Redstar Gold Corp.

Redstar Gold Corp.

January 10, 2011 09:00 ET

Confederation Minerals Ltd. Completes First Payment Under Option of Newman Todd Project From Redstar Gold Corp

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 10, 2011) - Confederation Minerals Ltd (TSX VENTURE:CFM); ( and Redstar Gold Corp. (TSX VENTURE:RGC) advise that, having received TSX Venture Exchange acceptance for filing of the option granted to Confederation by Redstar and announced by press release on November 22, 2010, Confederation has completed the first payment due to Redstar under the option. Under the terms of the option, Confederation can acquire up to 70% of Redstar's Newman Todd gold project located in the Red Lake Mining District of Northern Ontario. This initial payment consisted of 100,000 shares and $50,000 cash. Further payments and work commitments will need to be met for Confederation to acquire its interest. The remaining financial terms of the option are summarized in the November 22, 2010 release.

On Behalf of the Board, On Behalf of the Board,
Redstar Gold Corp Confederation Minerals Ltd.
"Scott Weekes" "Lawrence Dick"
Scott Weekes Lawrence Dick, Ph.D., P.Geo
President President

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