Redstar Gold Corp.

Redstar Gold Corp.

August 11, 2011 08:00 ET

Redstar Engages Doug McKay & Associates for Investor Relations Services

VANCOURVER, BRITISH COLUMBIA--(Marketwire - Aug. 11, 2011) - Redstar Gold Corp. (TSX VENTURE:RGC) is pleased to announce that it has retained Doug McKay & Associates to provide investor relations services for the company.

The agreement will be for a period of 6 months and is renewable, subject to earlier termination by either party on 30 days advance written notice. Redstar Gold will pay Doug McKay & Associates $6,000 per month and grant options to purchase 250,000 common shares of the company's stock at the deemed price of $0.41 per share. This option will vest in accordance with policies of the TSX Venture Exchange and the agreement is subject to approval of the exchange.

Doug McKay & Associates has extensive contacts in the investment community and has worked with a number of junior exploration companies. Most recently they provided Investor Relations services to Richfield Ventures Corp. (Richfield) from Jan 20, 2010 through to completion of takeover by New Gold Inc. in April 2011.

About Redstar Gold

Redstar has recently acquired a high-grade epithermal gold district in Alaska. 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. In addition to the Alaska project Redstar currently has an aggressive drill program underway on a high-grade gold discovery 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.

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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