Redstar Gold Appoints Bob
Singh as New Chief Executive Officer
Redstar Gold Corp. (TSX.V: RGC): ("Redstar" or the "Company") is pleased to
announce the appointment of Mr. R. Bob Singh, P.Geo.,
as the Company's new Chief Executive Officer and as a member of the Board of
Directors, effective August 1, 2012. Bob will be stepping into the role as CEO
which is currently held by Mr. Scott Weekes, Mr. Weeks
will remain as the President of the Company as well as on the Board of
Bob Singh joined the Redstar team in 1996 to help
develop several of the Company's most important projects. Bob has also played a
key role in the discovery and advancement of the Newman Todd high grade gold
project in Red Lake, Ontario currently under option to Confederation Minerals.
Mr. Singh received his B.Sc. in Economic Geology at the University of British
Columbia in 1991 and has worked in the mineral exploration industry for over 23
years. Mr. Singh has worked for both junior and major mining companies as well
as being the founder and President of North Face Software Ltd.
Scott Weekes, President of Redstar stated: "I am
extremely pleased to have Bob join Redstar's board
and take on the mantle of CEO. He has been instrumental in the development of
the Newman Todd Project in the prolific Red Lake camp and our Unga project in Alaska. Bob's strong leadership and keen
corporate and technical skills will be invaluable in growing our Company's
shareholder value with its suite of exceptional high-grade discoveries. "
Bob Singh Redstar CEO states, "The Redstar portfolio of properties hold tremendous value and I
look forward to unlocking that value for shareholders. Redstar's
ability to discover and develop high grade systems throughout North America is
well known and I plan to continue and accelerate that corporate advantage in
the months and years to come to make Redstar one of
the leading explorers in our industry."
About Redstar Gold
Redstar has fourteen gold projects in Nevada, the Unga project in Alaska and the Newman Todd project in the
Red Lake district, Ontario. In Nevada, several projects are undergoing active
exploration by partners including Newmont Mining and others. The Unga Project in Alaska includes the high-grade Shumagin gold deposit, the Centennial disseminated
bulk-tonnage gold deposit and the Apollo-Sitka high-grade gold vein system,
which produced approximately 150,000 oz. of gold in the early 20th century. The
Newman Todd project contains a 2 km-long corridor of high-grade gold
mineralization that is similar to that at the nearby world-class Red Lake Mine
and has been the focus of an aggressive drilling campaign in 2011.
The Company also reports that it has granted incentive stock options to
purchase up to an aggregate of 400,000 shares to directors and employees of the
Company. The options are exercisable at a price of $0.20 for a period of five