Mr. Jacques Vaillancourt reports

REDSTAR GOLD INTERCEPTS HIGH-GRADE GOLD MINERALIZATION IN ALL FOUR INFILL DRILL HOLES

Redstar Gold Corp. has released assay results for the third and fourth core holes from its recently completed eight-hole drilling program on the Shumagin prospect, located on Redstar's 100-per-cent-owned Unga gold project, Alaska. Results from the first two holes were released on June 11, 2015.

Highlights

• High-grade gold/silver mineralization has been encountered in drill hole 15SH013 for four metres grading 11.62 grams per tonne (g/t) gold and 95.6 g/t silver, including one metre grading 20.9 g/t gold and 232 g/t silver and one metre grading 17.45 g/t gold and 122 g/t silver.
• Drill hole 15SH014 intercepted three metres grading 9.86 g/t gold and eight g/t silver, including one metre grading 19.9 g/t gold and 16.0 g/t silver.
• High-grade gold and silver mineralization has now been intersected in each of the first four drill holes.

       HIGH-GRADE INTERVALS FROM DRILL HOLES 15SH013 AND 15SH014

Drill hole        From -- to     Core length*            Gold       Silver
                    (metres)         (metres)           (g/t)        (g/t)

15SH013           143 -- 147              4.0           11.62         95.6
Incl.             144 -- 145              1.0           17.45        122.0
Incl.             146 -- 147              1.0           20.90        232.0
And               153 -- 154              1.0          4.67**          1.9
15SH014           185 -- 188              3.0            9.86          8.0
Incl.             187 -- 188              1.0            19.9         16.0
    
Notes
* True widths of the mineralized intervals are close to 70 to 80 per 
cent of core length. 
** Visible gold at 153.2 m.

"The success of the infill drill holes corroborates and greatly enhances our understanding of the high-grade mineralization reported by previous operators. This indicates to the company that the mineralization within the historically reported resource area now has a high possibility of becoming a coherent, continuous zone of high-grade mineralization with great potential for expansion. We look forward to seeing the results of the final four holes in the program that targeted areas outside of known mineralization," said Jacques Vaillancourt, executive chairman.

The infill drill holes targeted mineralization at various structural elevations across a portion of gold/silver envelopes previously incorporated into a non-National Instrument 43-101-compliant resource estimation. Over all, the precious metal-bearing Shumagin vein system has a strike extent of over 1.2 kilometres and a depth extent of approximately 330 metres as outlined by drilling and surface trenching. The Shumagin prospect is one of several noteworthy gold-silver structures found on Redstar's Unga project and is a high-priority exploration target that remains open at depth and along strike. Results are pending for the remaining four expansion drill holes.

Operational strategy

In conjunction with the drill data resulting from this drill program, a phase 2 drill program planned for later during 2015 will maintain a focus on the Shumagin prospect concurrent with exploration of other known high-grade gold targets located within the Unga gold project.

A major goal of future drill campaigns will be to continue with additional step-out drilling toward the northeast for an additional 350 metres where exposures of the Shumagin vein system returned high-grade intercepts at shallow depths from drilling during the 1980s (DDH26: 37.7 g/t gold and 20.6 g/t silver over 0.76 m and 11.48 g/t gold and 15.1 g/t silver over 1.21 m).

Quality assurance/quality control

The 2015 exploration program at the Unga project included a rigorous quality control/quality assurance program, overseen by Jesse C. Grady, Redstar's vice-president of exploration. Drill core selected for geochemical analysis was sawn in half, with one-half of the core shipped in a sealed bag to ALS Minerals in Fairbanks for sample preparation. Laboratory pulps were analyzed at ALS Minerals in Vancouver where gold was assayed using a 50-gram fire assay and AAS finish. Gold values in excess of 10 parts per million (ppm) were then reassayed by 50 g fire assay with a gravimetric finish. Samples that contained silver values in excess of 100 ppm were analyzed using an HF-HNO3-HClO4 digestion with an HCL leach and either an ICP-AES or AAS finish.

Redstar's QA/QC protocol consisted of semi-random insertion of calibration standards for gold and blanks at a rate of three per 30 samples. Additional blank samples were inserted after any visible gold or after high-grade standards. Two calibration standards and a single lab duplicate was selected on a random basis for each sample shipment and employed in consecutive order within the sample stream.

Jesse C. Grady, MSc, CPG-11592, is a qualified person as defined by NI 43-101. Mr. Grady has prepared and approved the technical information contained within this release.

We seek Safe Harbor.