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"Assays Now Pending from its Spring 2017 Drill Program"

Redstar Key QuickFacts and Notes:

Institutional Ownership, Financials, Infrastructure, High-Grade Gold:

  • 100% control of the Unga Gold Project
  • Approximately $4.5M in the treasury with ZERO debt (as at July 1, 2017)
  • ~60% controlled by the some of the top gold funds and investors in the world including Mount Everest Finance (LONDON), Eric Sprott (CANADA), US Global (USA), Gold2000 (SWITZERLAND), Geologic Resource Partners (USA), Odey Asset Mgmt (LONDON), Gabelli Gold (USA).
  • Extensive infrastructure including mile long paved airstrip (daily flights from Anchorage), deep-water port, year round access, temperate climate noting 55th degree latitude.
    • Average temperature at the Unga Gold Project from Nov/16 to Jan/17 was warmer than Vancouver, BC., Canada.
  • Drill Results at the Shumagin Gold Zone:
    • 1.9m of 202g/t Au & 82 g/t Ag, 7.3m of 11.8g/t Au & 72.7g/t Ag (incl. 2.0m of 35.3 g/t Au and 209 g/t Ag), 29.6m of 14.97 g/t Au; 3.2m of 33.26 g/t Au and 5.5m of 24.02 g/t Au.
    • Of the previous 65 drill holes drilled before the current drill program:
      • 100% intersected gold mineralization
      • 38% returned intersections over 15 g/t Au
      • 25% over 25 g/t Au
      • 12% over 50 g/t Au
  • 12+ gold zones identified at the Unga Gold Project totalling an estimated 35-40 line-kilometers of vein systems within the district.

Industry Experts and Commentary:

  • Dr. Jeff Hedenquist, world renowned leading expert on Epithermal gold systems, provides positive report on Unga Gold Project in Summer 2016
  • Followed by newsletter writers:
    • Byron King (Jim Rickards Gold Speculator)
    • Jeb Handwerger (goldstocktrades.com)
    • Bob Moriarty (www.321gold.com)
    • John Kaiser (www.kaiserbottomfish.com)
    • Thibaut Lepouttre (www.caesarreport.com)
    • Gwen Preston (www.resourcemaven.ca)
  • Mining Analyst Mike Niehuser from Scarsdale Equities (NY, USA) completed Report and Buy Recommendation

Redstar’s President & CEO, Peter A. Ball, stated, “We are excited to have intersected the Shumagin vein structure along strike to the southwest, and in addition intersected the vein structure within the main breccia system to the northeast with infill drill holes. The Shumagin Gold Zone has now been traced by drilling for approximately 1,350 m, up from approximately 950 m in 2016, an increase of 42% or 400 m.The work completed this spring both confirms the extension of the vein structure and, importantly, shows that the structure remains open along strike and at depth. The geophysical surveys performed over the Shumagin Gold Zone in April 2017 defined multiple hidden/blind structures with significant potential to host high-grade gold mineralization. Redstar also completed a geochemical soil sampling survey over the recently discovered parallel footwall structure, which is located approximately 400 m to the north of the Shumagin Gold Zone. Exploration along this long-lived structure is significant and continues to yield solid results each time the drill bit turns. Once again, the methodical step-out diamond drill program southwest towards Orange Mountain has intersected the Shumagin vein structure. Historical surface sampling has shown gold showings along the 9.5 km Shumagin trend across the island, and our systematic and focused exploration programs continue to confirm this extensive trend.”

Redstar’s VP of Exploration, Jesse C. Grady, stated, “Delineating the expansion potential of the Shumagin Gold Zone to the Southwest has been the Company’s prioritized goal for the initial 2017 Spring Exploration and Drill Program. The methodical step-out drilling, that was guided by detailed IP and MAG ground surveys, has provided us with an exploration “template” that will be utilized on the other epithermal gold prospects within the Unga Gold District. A significant panel of vein breccia at the Shumagin Gold Zone has now been defined that can be infill drilled, while regional exploration efforts can focus on the other noteworthy gold prospects. From this drill program, we have recognized that the structures that host gold-silver bearing Intermediate Sulfidation-style Breccias/Veining at Shumagin occur at the transition of Advanced Argillic Alteration assemblages to Phyllic (quartz-sericite-pyrite) & Propylitic assemblages which also occur at other gold-bearing vein systems within the District (e.g. Aquila, Empire Ride/Apollo/Rising Sun, etc…). Noting that the structural controls, gangue mineralogy, and textures are all identical amongst these prospects, we have built a significant set of exploration vectors for the District. We are excited to further explore the Unga Gold District and continue the expansion of the Shumagin Gold Zone.”

The Company commenced its 2017 Spring Exploration Program in March 2017, and initiated its diamond drilling program at the Shumagin Gold Zone, within the Unga Gold Project, in May 2017. Planning for the next drill program is currently underway and will be focused on completing a geological mineral resource and 43-101 Technical Report at the Shumagin Gold Zone where a total of 77 holes (12,840.5 m) have been drilled, with 37 completed by Redstar since 2011.

In addition, the Company is planning to also drill test other high priority gold zones such as Orange Mountain, Empire Ridge, Aquila/Amethyst, and the newly discovered footwall vein to the north of the Shumagin Gold Zone.

Review of the 2017 Spring Exploration Program:

  • Commencing in early April, the Company completed a ground-based geophysical program that successfully tested the geophysical responses associated with well-known geological features and high-grade gold mineralization located across the Shumagin Gold Zone. The orientation survey was completed to provide a geophysical fingerprint that was used to target additional structures to the southwest, and potentially across other known gold zones across the island.
  • Complete preliminary metallurgical work to test gold-silver bearing mineralization drilled across the Shumagin Gold Zone during 2016.
  • Execute a focused drill program, initially up to 5,000 meters, on step out drill holes to the southwest of the Shumagin Gold Zone. Additional drilling and other gold zones will be potentially tested based on current geological models.

Geological Highlights of the Shumagin Gold Zone and Trend:

  • The Shumagin Gold Zone is currently defined over a strike length of approximately 1.2 kms by surface mapping and sampling.
  • Geological mapping and sampling towards the southwest from Shumagin indicates a very strong expansion potential along strike for an additional three (3) kms towards Orange Mountain, the interpreted hydrothermal center along the Shumagin Trend.
  • The Shumagin Trend is approximately 9.5 kms long, and is a major regional structure responsible for the localization of epithermal mineralization and associated alteration exposed about its strike length.
  • Results from the 2016 fall drill program at the Shumagin Gold Zone, indicate that high-grade gold-silver mineralization occurs at depth for approximately 950 meters of tested strike length, is vertically extensive (to approximately 330 meter at depth), and remains open at depth across the entire strike length.
  • Drilling has identified the structure to ~1,350 meters in strike length, with assays pending.

Other Controlled Assets:

  • Controls ~19.5% of NV Gold Corp. (TSXV: NVX) and two board seats
  • Controls 30% of the high grade Newman Todd Gold Project in Red Lake, Ontario

Other Key Highlights and Facts on the Unga Gold Project:

  • Prioritized Asset: Unga Gold Project Alaska:
    • 100% control of district-scale epithermal high-grade gold project
    • Remains open on trend and at depth with multiple drill ready targets across ~ 240 km2 property.
      • Shumagin, Apollo, Centennial, Orange Mountain, Zachary Bay, Amethyst, Aquila.
      • Two underexplored gold trends that are each ~10 kms long; numerous mineralized showings across each trend.
    • Focused on building high-grade gold resource and geological model.
    • Significant upside with numerous gold zones across property.
  • Location:
    • Geopolitically safe jurisdiction and extensive infrastructure.
    • Accessible daily by flights from Anchorage, Alaska.
    • Temperate climate with year round access and operation - 55th degree latitude.
    • Strong relationships with local Native Corporations.
    • Patented and State claims cover significant portion of current drill targets.
  • Past Producer:
    • Host of Alaska's first underground mine with historically reported average mined grade of ~10 g/t gold and ~150,000 oz Au.
  • Drill Results at Shumagin Zone:
    • 1.9m of 202g/t Au & 82 g/t Ag, 7.3m of 11.8g/t Au & 72.7g/t Ag (incl. 2.0m of 35.3 g/t Au and 209 g/t Ag), 29.6m of 14.97 g/t Au; 3.2m of 33.26 g/t Au and 5.5m of 24.02 g/t Au.
  • Geological mapping and sampling towards the southwest from Shumagin indicates a very strong expansion potential along strike for an additional three (3) kms towards Orange Mountain, the interpreted hydrothermal center along the Shumagin Trend.
    Geological mapping and sampling towards the southwest from Shumagin indicates a very strong expansion potential along strike for an additional three (3) kms towards Orange Mountain, the interpreted hydrothermal center along the Shumagin Trend.
  • Major Geological Features of the Shumagin Trend
    Major Geological Features of the Shumagin Trend
  • Shumagin Prospect Cross & Long Section Location Map
    Shumagin Prospect Cross & Long Section Location Map
  • Shumagin Prospect Long Section View to the North West
    Shumagin Prospect Long Section View to the North West
  • View to the North East Shumagin Vein System Cross Section 2300 NE
    View to the North East Shumagin Vein System Cross Section 2300 NE
  • View to the North East Shumagin Vein System Cross Section 2700 NE
    View to the North East Shumagin Vein System Cross Section 2700 NE
  • View to the North East Bunker Hill Cross Section 3100 NE
    View to the North East Bunker Hill Cross Section 3100 NE
  • 2017 Geophysical Survey Area Shumagin to Orange Mountain
    2017 Geophysical Survey Area Shumagin to Orange Mountain
  • Shumagin Zone Ground IP/Resistivtiy Survey
    Shumagin Zone Ground IP/Resistivtiy Survey
  • Shumagin Zone Ground Magnetic Survey
    Shumagin Zone Ground Magnetic Survey
  • Shumagin Ground Magnetics / Surface Geology
    Shumagin Ground Magnetics / Surface Geology
  • Shumagin Gold Zone Plan Map
    Shumagin Gold Zone Plan Map

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