Vancouver, B.C., September 19, 2007 - Redstar Gold Corp. (TSX-V:RGC) today announced that it has made the final share issuance to AngloGold Ashanti to earn a 100% interest in the Newman Todd project in the Red Lake region of Ontario. Under the terms of the agreement, announced February 10th, 2005, Redstar will issue additional shares upon commencement of gold production from the property.
Previous work by Redstar on the Newman Todd property has outlined gold values within a silicified breccia zone that can traced for at least two kilometres. Two holes, drilled 850 metres apart, both hit high grade gold values (1.0 metre intersection grading 16.35 g/t gold within a 2.0 metre zone grading 12.08 g/t gold and 1.0 metre intersection grading 69.02 g/t gold within a 3.0 metre zone grading 24.84 g/t gold) within similar looking breccias units. Both intercepts are within 200 metres of the surface.
The Newman Todd property has a very similar geologic setting 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.
Planning is currently underway for a $1,000,000 drill program to start late October. The program will continue to explore the two kilometre long breccia corridor; follow-up previous high grade results and test the mineralized system at depth.
Scott Weekes, President of Redstar Gold, said: "We are extremely pleased to have completed the earn-in with AngloGold Ashanti and to be planning a significant drilling program for the Newman Todd project. Our previous work has indicated the Newman Todd property hosts a large breccia zone with steeply dipping quartz zones and high grade gold mineralization. The fact that we are intersecting near-surface gold grades within this wide spread breccia zone in the Red Lake camp demonstrates the potential of the property to host a significant gold deposit."
About Redstar Gold Corp.
Redstar Gold Corp. is a Vancouver-based company focused on gold exploration in Nevada and Red Lake, Ontario. For more detailed information on Redstar's Nevada projects, as well as its gold projects in the Red Lake area, please visit the company's web site at www.redstargold.com.
On Behalf of the Board,
Redstar Gold Corp
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release