Redstar Gold Hires Drilling Contractor for Phase 1 drill program at the High-Grade Unga Gold Project, Alaska

VANCOUVER, BC / ACCESSWIRE / April 16, 2015 / Redstar Gold Corp (RGC:TSX.V), ("Redstar" or the "Company") announces that it has contracted Peak Drilling, a full service drilling company with extensive Alaskan experience, to undertake the proposed Phase 1 diamond drilling program on its high-grade Unga Gold Project, Alaska. The drill rig, camp and support crew is currently being mobilized to the project.

The drilling program of approximately eight holes totaling approximately 1,500 meters will focus on systematic expansion of known high-grade mineralization within the Shumagin Gold Zone. The Shumagin Gold Zone consists of an approximately five to forty metre wide zone of breccia bodies that are cut by multi-phase, precious metal-bearing, epithermal veins, vein-breccias and stockwork. The exposed strike extent of the Shumagin Gold Zone occurs for over 1000 metres along a northeast oriented faulted contact between footwall basaltic-andesite and hanging wall pyroclastic flows that remain open to the southwest. The deepest hole, BMS-01, intersected the vein system at 212 metres below sea level and returned 5.49 metres of 24.02 g/t gold and 19.4 g/t silver. This intercept provides a known vertical extent of high-grade gold-silver mineralization of approximately 330 metres.

The program will have two main objectives: 1) to provide geological constraint to areas of known high-grade mineralization for accurate geological modeling while simultaneously confirming existing gold-silver grades; and 2) will test for continuity and expansion of the existing known mineralization to the Northeast, both along strike and at depth.

The diamond drill program will occur in an area where historically reported holes (1983-2011) yielded high-grade gold intersections, such as more recent intercepts of 29.65 m of 14.98 g/t gold and 11.5 g/t silver (Redstar hole 11SH010); 4.0 m of 11.70 g/t gold and 10.2 g/t silver (Redstar hole 11SH009;) and 1.0 m of 43.90 g/t gold and 18.5 g/t silver (Redstar hole 11SH007).

The Phase-1 program has been designed as preparation to a more extensive Phase-2 drill program, planned to occur during Q-2/Q-3 of 2015 which is envisioned to further expand the Shumagin Gold Zone at depth and along strike in conjunction with exploration of other known high-grade gold targets located within the Unga Gold Project.

About Redstar Gold Corporation

Redstar is a junior exploration company focused on high-grade gold exploration in North America. In Alaska, the Company is exploring the high-grade Unga Gold Project which was initially acquired in 2011. The Unga Gold Project contains several high grade gold/silver vein systems, two of which Apollo & Sitka were sites of historic high-grade gold production. At Unga, a comprehensive exploration program was completed in the summer of 2014 and results will be used to determine drill targets for a first phase diamond drill program planned for Q2 2015.

Redstar also owns 30% of the Newman Todd Gold project, in Red Lake, Ontario, Canada. Newman Todd is a high-grade gold discovery along a 1.8 km corridor within the Newman Todd Structure (NTS). The gold mineralization in the NTS remains open along strike and at depth.

Additionally the Company has 10 properties in Nevada which have been optioned to True Grit Resources but over which Redstar has retained royalties and additional economic rights.

Jesse C. Grady, MSc, CPG-11592 is a qualified person as defined by National Instrument 43-101 and has reviewed the technical information in this news release

Redstar Gold Corporation (RGC:TSX.V)
Ken Booth, President and CEO
Tel.: +604.488.0051
Email: info@redstargold.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.

SOURCE: Redstar Gold Corp