Redstar Announces Non-Brokered Private Placement

Redstar Gold Corp (TSX VENTURE:RGC) ("Redstar" or the "Company") is pleased to
announce that it has arranged a non-brokered private placement of up to
13,333,333 units at a price of $0.15 per unit (the "Units") for gross proceeds
of $2,000,000 (the "Offering"). Each Unit will consist of one (1) common share
and one-half (1/2) of one (1) non-transferable share purchase warrant. Each
share purchase warrant will entitle the holder thereof to purchase one (1)
additional common share of the Company for a period of eighteen (18) months from
the closing date of the Offering at an exercise price of $0.25 per common share.



In connection with the private placement, the Company may pay finders' fees
pursuant to the policies of the TSX.V. The Company anticipates that there may be
insider participation in the above private placement, for which the Finders will
not receive a commission. Proceeds from the offering will be used by Redstar for
exploration on its Alaskan properties and general ongoing corporate matters.


The above private placement is subject to all regulatory and board approvals.

On Behalf of the Board,

Redstar Gold Corp.

R. Bob Singh, President and CEO

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Redstar Gold Corp.
Tim Mikula
Business Development
604.488.0051
604.488.0053 (FAX)
tmikula@redstargold.com
www.redstargold.com

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