Redstar Gold Corp.
TSX VENTURE : RGC

Redstar Gold Corp.

August 23, 2005 08:30 ET

Redstar Appoints Jake Margolis as Exploration Manager USA

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 23, 2005) - Redstar Gold Corp. ("Redstar") (TSX VENTURE:RGC) is pleased to announce the appointment of Jacob (Jake) Margolis to the position of Exploration Manager USA. Jake will spearhead Redstar's exploration efforts in Nevada and the rest of the Great Basin and will be responsible for project development and acquisitions.

Jake has over 20 years of experience in gold exploration, mostly in Nevada and the Great Basin. He has worked as an exploration manager and district geologist for AngloGold Ashanti in Nevada, and therefore has an intimate knowledge of the AngloGold Ashanti database acquired by Redstar through an exploration partnership agreement (January 13, 2005). Jake was one of the geologists responsible for compiling the database and utilizing it to develop projects.

Jake has experience in both the senior and junior exploration and mining sectors including work for Corona Corporation, Homestake Mining Company and AngloGold Ashanti. Most recently Jake was Vice President of Exploration for Bullion River Gold Corp.

Scott Weekes, president of Redstar Gold Corp states: "Redstar is very pleased to have a person of Jake's caliber and experience to head-up our exploration efforts in Nevada. The fact he has experience developing projects using the AngloGold Ashanti database is a huge bonus for Redstar and will help Redstar become a significant player in the Nevada exploration scene."

On Behalf of the Board,

REDSTAR GOLD CORP.

Doug Fulcher, Director

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or the accuracy of this news release.

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