Redstar Gold Corp.

Redstar Gold Corp.

September 07, 2011 08:00 ET

Jeff Pontius Joins Redstar Gold Corp. Board

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 7, 2011) - Redstar Gold Corp. (TSX VENTURE:RGC) is pleased to announce Jeff Pontius has joined the board of Redstar Gold Corp. Mr. Pontius has over 30 years of geological experience, and a distinguished track record of successful discoveries that includes four precious metal deposits in North America. Most recently, as President and CEO of International Tower Hill Mines, he led the team that discovered the Livengood Gold Deposit in Alaska, which has a current resource of over 20 million ounces of gold and continues to expand. Additionally, he led the discovery and development team for the Cripple Creek Deposit in Colorado, which is operated by AngloGold Ashanti and contains over 15 million ounces of gold. He brings a wealth of knowledge in geology, and corporate development, and joins Redstar at an important time, with the advancement of the Newman Todd high-grade gold discovery in Red Lake and the acquisition of the district scale Shumagin project in Alaska.

Scott Weekes, President of Redstar Gold Corp., comments: "We are extremely pleased to have Jeff join our board as we aggressively move forward with our various gold projects. Jeff brings an exceptional skill set of discovery, financing and corporate development to the Redstar board and his advice will be important as we advance the Company. With the acquisition of our Alaskan gold project, the continued success at our Red Lake gold discovery and our expanding portfolio of Nevada projects, Redstar is poised to enter a significant phase of growth.

"Mr. Pontius has an impressive history with developing and growing junior mining companies that have enhanced shareholder's value. For the seven years prior to his position as President and CEO of International Tower Hill Mines, he served as the US and North American Exploration Manager for AngloGold Ashanti, was a Director of Anglo American (USA) Exploration Inc., and was a member of AngloGold Ashanti's regional business development team."

Mr. Pontius holds a Masters Degree from the University of Idaho (Economic Geology), a B.Sc. from Huxley College of Environmental Studies (Environmental Science) and a B.Sc. from Western Washington University (Geology).

About Redstar Gold Corp.

Redstar recently acquired a high-grade epithermal gold district in Alaska that is a good complement to the high-grade gold discovery in Red Lake, Ontario. The Shumagin project in Alaska includes a high-grade gold deposit with a non 43-101 compliant resource, a bulk tonnage non 43-101 compliant resource, a historic high-grade gold mine, and numerous high priority exploration targets. At the Shumagin project in Alaska a drilling program is currently being planned, and an aggressive drill program is underway on Redstar's high-grade gold discovery at the Newman-Todd project in Red Lake, Ontario. Along with the high-grade gold projects in Alaska and Red Lake, the Company also has a total of 14 gold focused projects in Nevada.

The Company also wishes to announce it has agreed to grant 500,000 incentive stock options to directors and employees at an exercise price of $0.50 for a period of five years.

On Behalf of the Board,

Redstar Gold Corp.

Scott Weekes, President

Forward-Looking Information This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Redstar Gold Corporation (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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