News Releases

Redstar Gold Corp. ("Redstar" or "the Company") (TSX.V:RGC) is pleased to announce the appointment of Mr. Raymond Mullaney to the board of directors. The appointment of Mr. Mullaney is a significant step made to raise Redstar's profile in the United States investment community. His past experience includes a career in the securities markets, prestigious commendations and as an active director will complement the current board.

Scott Weekes, Redstar President stated: "We are extremely pleased to have Ray Mullaney join our board and look forward to working with him to enhance our profile to U.S. investors. His extensive experience in the securities markets, contacts and industry knowledge will help us enhance shareholder value. More people in the U.S. investment community (especially institutional investors) are beginning to recognize the potential rewards of the Canadian gold mining sector and Mr. Mullaney will be instrumental in giving Redstar a higher profile within this community. We are looking forward to working with Mr. Mullaney as Redstar begins to ramp up its gold exploration activity in 2009/2010."

Notable Accomplishments:

Raymond Mullaney began his career in 1976 as an entrepreneur and started his first SEC registered investment advisory firm in 1980. He has over thirty years of experience in the financial services industry including research analysis, stock selection, trading, investment strategy development, and portfolio management.

One of Mr. Mullaney's career achievements was recognition from the White House for outstanding contribution to the White House Council on Small Business. Past interviews at key market junctures appeared with his correct market forecasts in the New York Times, Boston Globe, USA Today, Wall Street Journal and many other publications.

He is the founder and president of the Mullaney Trust LLC a registered investment advisory firm based in Stanford Connecticut. In 1977, Mr. Mullaney earned an MSW from Stony Brook University.

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

The Company has also agreed to grant 1.5 million incentive stock options at a price of $0.15 for a period of five years, subject to regulatory acceptance.

On Behalf of the Board,
Redstar Gold Corp

"Scott Weekes"

Scott Weekes

Corporate Inquiries
Tim Mikula, Investor Relations
Redstar Gold Corp.
Tel: 604-488-0051

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."


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