Redstar Gold Corp.
TSX VENTURE : RGC

Redstar Gold Corp.

April 18, 2007 08:30 ET

Redstar Gold and International Tower Hill Mines Ltd. to Commence Drilling and Geophysics at Nevada Projects

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 18, 2007) - Redstar Gold Corp. (TSX VENTURE:RGC) is pleased to announce that drilling on three high-potential targets at the North Bullfrog Project in Nevada is scheduled to commence on April 23, 2007. In addition, a geophysical program is underway at the Painted Hills Project in Nevada, after which an exploration drilling program will follow. Both projects are relatively under-explored and have the potential to host significant gold deposits.

Under the terms of the agreements announced on March 16, 2007, International Tower Hill Mines Ltd. ("ITH") is earning a 60% interest in the two RGC properties by making a series of payments, share issuances and work commitments over 4 years. ITH will have the right to earn an additional 10% interest by completing feasibility studies. Redstar will continue to assist ITH with the exploration efforts.

Jeff Pontius, president of ITH, comments: "ITH is excited to begin its new growth initiative of expanding our exploration reach into the Great Basin Gold province, one of the most productive on the planet and to have a strong technical group like Redstar as our partner. We believe that the North Bullfrog and Painted Hills projects represent a significant opportunity for a major new gold discovery in the Great Basin and we are prepared to aggressively advance them to that end."

North Bullfrog Project

The North Bullfrog Project consists of approximately five square miles (8 square kilometres) of unpatented and leased patented mining claims controlled by RGC lying in the northern portion of the Bullfrog district in south-western Nevada. Volcanic-hosted, widespread low-grade gold mineralization and high-grade veins within the project area share important similarities to the productive gold mineralization at the Bullfrog mine six miles (10 kilometres) to the south, where Barrick Gold Corporation recovered approximately 2.3 million ounces of gold from several open pits between 1989 and 1999.

A minimum 6,000 feet (2,000 meters) of core drilling is planned for North Bullfrog and will test three areas known to contain significant mineralization: the Pioneer mine, Sierra Blanca and Savage.

At Pioneer, three holes are planned to test extensions of the high-grade mineralization that was historically mined in the early 1900's. Historic production records indicate a head grade range from 7.5 to 67.5 g/t gold. Sampling of dumps and outcrops has returned values to 4.5 g/t gold. Channel sampling of shallow underground workings has returned 1.15 g/t gold over 33 meters and 5.16 g/t gold over 7.5 meters. Shallow reverse-circulation drilling in 1990 intersected significant mineralization, although most holes passed through workings. Results included 2.8 g/t gold over 9 meters and 2.3 g/t gold over 12 meters. Gold mineralization occurs within silicified volcanic rocks cut by a northeast-striking stockwork of quartz veins, although the subsurface geology of the area remains poorly understood. Mineralization is open along strike and at depth below 120 meters.

At Sierra Blanca, about 1.5 miles (2.5 kilometres) to the northwest of Pioneer, two holes are planned to test disseminated gold mineralization within silicified volcanic rocks. Mineralization is known from surface sampling and previous drilling in the target units. The target zone is 1 mile (1.6 kilometres) along strike and about one-half mile (800 meters) wide. Surface rock values reach 1.5 g/t gold and previous drilling encountered widespread low-grade gold, including 1.8 g/t over 15 meters, 0.4 g/t over 45 meters and 0.4 opt over 34.5 meters. The initial drilling will evaluate untested structural targets which could host higher grade zones similar to those historically mined in the Bullfrog mine to the south.

One hole is also planned for the Savage target, where surface samples reach 1.1 g/t gold in quartz-veined, brecciated and iron-oxide stained Paleozoic quartzite and shale. New surface sampling results have shown consistent low-grade mineralization across a 350 yard (350 metre) wide zone. Nearby overlying volcanic rocks are also altered and mineralized and contain a quartz-vein stockwork along the same fault zone. Farther northeast, the continuation of this fault is concealed by alluvium along a valley and represents a significant untested target for vein-style mineralization similar to the productive Bullfrog mine.

Painted Hills Project

Painted Hills is an undrilled, volcanic-hosted epithermal vein system along a regional range-front fault zone. The project has important geologic similarities to multi-million ounce, high-grade gold deposits of the north-western Great Basin that contain bonanza-grade veins, notably Sleeper (approx. 2.5M oz gold) and Midas (Ken Snyder mine; approx. 3M oz @ 1.1 ounces per ton gold). The Sleeper deposit is about 50 miles to the southeast. The project contains a mercury-bearing opal vein zone and surrounding kaolinite-opal alteration which are indicative of the shallowest levels of an epithermal system. Anomalous gold to 107 ppb occurs in underlying pyritic chalcedonic silicification. The exploration model is targeting high-grade vein zones at depth associated with projected boiling levels. ITH is currently completing a geophysical survey (CSAMT) designed to map subsurface silicification, trace the exposed veins to depth and locate potentially mineralized faults concealed beneath alluvial cover outboard of the range-front fault. A drilling program will be designed after reviewing the survey results, with drilling planned for June-July, 2007.

Scott Weekes, president of Redstar, states: "Redstar is pleased to have an aggressive explorer like ITH as a partner in Nevada, where our North Bullfrog and Painted Hills projects have very attractive geological characteristics. With the ink just drying on our agreement with ITH, work is already underway on one project and drilling will start on the other shortly. ITH and Redstar have an enormous amount of experience in Nevada gold exploration and we're eager to put our combined teams' expertise to work to validate the potential of these projects."

Bob Singh, Manager Exploration, Corporate Development, is the qualified person (as defined in NI 43-101) who has reviewed this news release. Historical data used in this release has come from published sources believed to be accurate, but has not been verified by Redstar.

Additional information on North Bullfrog and Painted Hills projects is available at the RGC website at www.redstargold.com.

On Behalf of the Board,

Redstar Gold Corp.

Doug Fulcher, Director

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release.

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