Redstar Gold Corp.

Redstar Gold Corp.

March 20, 2007 08:30 ET

Redstar Gold Corp. Extends Nevada Geological Database Agreement With AngloGold Ashanti

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 20, 2007) - Redstar Gold Corp. (TSX VENTURE:RGC) (Redstar) and AngloGold Ashanti North America Inc. (AngloGold Ashanti) have agreed to extend Redstar's exclusive rights to AngloGold Ashanti's extensive Great Basin, Nevada geological database. The database includes detailed regional geological, geophysical and geochemical data, as well as over 1,200 property-specific, prospect files. The database gives Redstar a significant advantage in identifying high quality projects for acquisition in Nevada.

Redstar has used information contained in the database to acquire six projects in Nevada and is the basis for entering into its recently-announced agreements with International Tower Hill Mines Ltd. "The significant value of the AngloGold Ashanti database is demonstrated by our successful efforts in acquiring projects in established, gold producing areas including the prolific Carlin Trend as well as the Bullfrog and Sleeper districts," said Scott Weekes, president of Redstar Gold. "The database also includes proprietary ideas and techniques developed by AngloGold Ashanti for exploration in Nevada. Our partnership allows Redstar to compete for exploration properties in Nevada at a very sophisticated level and attract high-quality joint venture partners. We expect 2007 to be the most active in the Company's history including drill programs on the existing properties and new property acquisitions."

Under the terms of the agreement, once Redstar has spent a total of $750,000 on any particular project it acquires, AngloGold Ashanti will have the one-time right to back into that project for a 60% interest by spending $1,500,000 within three years. The agreement is renewable with both parties' consent for additional one-year terms. Once Redstar has spent $3,000,000 on exploration within the Great Basin the Company will acquire a full copy of the database and the agreement will be terminated. This is the second year that the agreement has been renewed, giving Redstar exclusive rights to the database until June 23rd, 2008.

About Redstar Gold Corp.

Redstar Gold Corp. is a Vancouver-based company focused on gold exploration in Nevada and Red Lake, Ontario. Redstar has partnered with AngloGold Ashanti to explore in Nevada and with Rubicon Minerals and AngloGold Ashanti to explore in the West Red Lake area of northern Ontario.

For more detailed information on Redstar's Nevada projects, as well as its gold projects in the Red Lake area, please visit the company's web site at

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 accuracy of this news release.

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