Redstar Gold Corp

Published : February 03rd, 2010

Drilling Resumes On Redstar's High-Grade Gold Discovery In Red Lake

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Keywords :   Canada | Gold | Gold Discovery | Market |
=======================================================================
      Drilling Resumes On Redstar's High-Grade Gold Discovery In Red
      Lake
=======================================================================

Redstar Gold Corp. ("Redstar" or "the Company") (TSX.V:RGC) is pleased
to announce that drilling has resumed on its emerging high-grade gold
Newman Todd project in Red Lake, Ontario. Results from recent drilling
(announced January 12, 2010) have helped define three zones of
highgrade gold mineralization within a structural trend that can be
traced for 2000 metres.  Current drilling is focused on expanding the
known zones of mineralization and continuing to test the structural
trend.

Scott Weekes, President of Redstar stated: "We are very excited to be
back drilling in Red Lake.  The results from the drilling completed in
2009 have elevated the Newman Todd project to a new level.  The four
holes completed in 2009 targeted gold mineralization in two areas 400
metres apart and three of the four holes intersected intervals of
greater that 20 g/t gold.  In many of the Red Lake gold deposits
bonanza grade zones occur at depths much deeper than currently tested
at Newman Todd.  The current drilling will continue to expand on the
near surface gold zones, test the known gold zones at greater depths
and test along strike of the known gold zones.  Having an emerging
high-grade gold discovery in one of the highest grade gold camps in the
world is very exciting - we look forward to further drilling to better
understand the Newman Todd gold system."

Previous work by Redstar on the Newman Todd property has outlined gold
mineralization within a silicified breccia zone that has been traced
for at least two kilometres. Drilling done by Redstar intersected high
grade zones within broader intervals of lower grade (NT-040: 61.20 g/t
gold over 1.0 metre within a wider zone of 67.0 metres of 1.76 g/t
gold). The property has many similarities to the major mines in the Red
Lake camp such as Goldcorp's Campbell and Red Lake mines. Similarities
include; proximity to a major structure, secondary northwest-southeast
trending structures, proximity to a folded ultramafic body and
association with a large Fe-carbonate alteration zone.

To date, 20 drill holes have been completed by Redstar within the
Newman Todd Structural Zone. A plan map, sections and composite long
section can be found on Redstar's web site (www.redstargold.com).

Redstar is the co-operator of this project with the work funded by
Central Resources Corp. (Central) (TSX.V:CBC). Central has an option to
earn up to a 60% interest in the property under terms announced Oct.
05, 2009.

Bob Singh, Exploration Manager - Canada for Redstar Gold Corp., and a
Qualified Person as defined by National Instrument 43-101 has reviewed
this news release.

On Behalf of the Board,
Redstar Gold Corp

"Scott Weekes"

Scott Weekes
President

CORPORATE INQUIRIES

Redstar Gold Corp.
Tim Mikula, Investor Relations
Tel: 604.488.0051
tmikula@redstargold.com
www.redstargold.com

Contact Financial
Chris Gordon
Tel: 604.689.7422
cgordon@contactfinancial.com

Renmark Financial Communications Inc.
Barbara Komorowski or Dan Symons
Tel: 514.939.3989 or 416.644.2020
dsymons@renmarkfinancial.com
bkomorowski@renmarkfinancial.com
www.renmarkfinancial.com

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.

=======================================================================
Copyright (c) 2010 REDSTAR GOLD CORP. (RGC)  All rights reserved.  For
more information visit our website at http://www.redstargold.com/ or
send mailto:info@redstargold.com
=======================================================================
.
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Redstar Gold Corp

EXPLORATION STAGE
CODE : RGC.V
ISIN : CA75773Q2080
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Redstar Gold is a gold exploration company based in Canada.

Redstar Gold holds various exploration projects in Canada and in USA.

Its main exploration properties are PAINTED HILLS, DRY GULCH (NEVADA), EAGLE BASIN and RICHMOND SUMMIT in USA and NEWMAN TODD in Canada.

Redstar Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 31.2 millions as of today (US$ 23.5 millions, € 19.8 millions).

Its stock quote reached its lowest recent point on December 14, 2001 at CA$ 0.01, and its highest recent level on September 23, 2011 at CA$ 0.68.

Redstar Gold has 296 950 016 shares outstanding.

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