Redstar Gold Corp
			Symbol			RGC
			Shares Issued			48,983,348
			Close 2009-10-22			C$ 0.21
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Redstar Gold to issue two million units for debt

2009-10-23 17:57 ET - News Release

Mr. Scott Weekes reports

Redstar Gold Corp. has reached a settlement agreement with one creditor to restructure $400,000 in outstanding debt. Redstar will settle the outstanding amount through the issuance of two million units of the company at a price of 20 cents per unit. Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire one common share exercisable for a period of two years from the date of closing at a price of 25 cents.

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