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-- NT-109: 7.11 g/t gold over 13.0 metres including 114.0 g/t gold over
 0.50 metres.

Exploration work on the Newman Todd property is fully funded by the operator, Confederation Minerals Ltd. (TSX VENTURE: CFM), who is in the process of earning a 60% interest in the project.

Baker, Nevada

Newmont Mining Corp. has informed Redstar that it is planning a first-phase drilling program for 2012 at the Baker project, six miles north of Newmont's Long Canyon gold deposit in northeastern Nevada. Newmont has completed surface sampling, geophysics and geologic mapping to define drill targets. Baker contains extensive sediment-hosted silicification along a range-front fault and has never been drill tested.

Root Spring, Nevada

Approval was received recently from the Bureau of Land Management (BLM) for a drilling program at the Root Spring Au-Ag vein system near Coeur d'Alene Mine Corp's Rochester silver mine in west-central Nevada. Mineralization at Root Spring has geologic similarities to Rochester. Recent sampling along the +1.2km-long vein system returned values reaching 1,420 g/t Ag and 7.91 g/t Au over 1.15 metres and grab samples of 635 g/t Ag and 8.8 g/t Au. The work is being carried out by Brocade Metals Corp., a private company which has an option to earn a 70% interest in Root Spring. Additional claims were staked in 2012 to cover potential extensions to the mineralized system under alluvial cover that were identified by a recent geophysical survey. Thirty drill sites were approved by the BLM, and Brocade is in the process of logistical planning for a first-phase drilling program.

Cooks Creek, Nevada

Drilling is also planned in 2012 to test outcropping gold mineralization at the Cooks Creek project, which consists of approximately 4 square miles of unpatented mining claims 100%-owned by Redstar 13km west of the world-class Pipeline mine operated by Barrick Gold Corp. Work at Cooks Creek is being conducted by Catalina Metals Corp. (TSX VENTURE: CTX.H), who is earning an interest in the project (see March 2, 2011 news release). In 2011, Catalina and Redstar discovered a significant new area of gold mineralization with rock-chip samples of up to 2.45 g/t (0.071 ounces per ton) gold along a district-scale fault. The zone is about 750m south of previously-defined gold mineralization at the Main zone and has not been drill tested. Historic drilling at the Main zone intersected 21.3m (70 feet) grading 2.317 g/t gold (0.068 opt) from 18.3 to 39.6m. Gold mineralization contains strongly anomalous arsenic, mercury, and antimony (which locally occurs as stibnite), elements characteristic of Carlin-type gold deposits such as nearby Pipeline-Cortez. Induced-polarization (IP) geophysics completed in 2011 has also assisted in defining drilling targets.

Oasis Project, Nevada

Results of an 11-hole drilling program completed in late 2011 continued to identify significant thicknesses of low-grade gold mineralization within the Oasis porphyry gold system near Goldfield, Nevada. The 2011 program was carried out by Centerra (U.S.) Inc., a subsidiary of Centerra Gold Inc. (TSX: CG). On February 21, 2012, Centerra informed Redstar that it will be terminating its agreement with Redstar, and the property has been returned to Redstar. Centerra did not meet its expenditure requirement to earn a 75% interest in the project, and Redstar remains 100% owner of Oasis.

Centerra completed eleven reverse-circulation drill holes (holes OA11-17 through OA11-27) for 2,447.5m (8,030 feet) between September 25th and November 12th, bringing the total number of holes for 2010 and 2011 to 27. Five of the 11 holes (OA11-17, 18, 22, 23 and 25) were terminated well short of target depth due to drilling problems. Drilling focused around the eastern and western edges of the known gold system, where the 2010 drilling intersected stronger disseminated mineralization. For example, from the 2010 drilling program, drill hole 16 (T.D. 1,200 ft, 365.8 m) contains a combined 153.9m (505 feet) grading 0.181 g/t (0.1 g/t cutoff) that includes higher-grade intervals, e.g., 0.322 g/t over 15.2m (50 feet). Additional results included drill hole 14 (96.1 metres of 0.26 g/t including 12.2m of 0.40 g/t), hole 15 (7.6m of 0.80 g/t and 10.7m of 0.63 g/t) and hole 10 (13.7m of 0.49 g/t including 3.0m of 1.06 g/t). Highlights include 169.2m (555 feet) grading 0.223 g/t in hole 24 and 0.405 g/t over 30.5m (100 feet) in hole 26 that contains 0.907 g/t over 10.7m (35 feet). Complete results for Oasis are available on Redstar's website.

The 2011 results show copper increasing with depth within the gold mineralization and a strong correlation between gold and copper. However, the deepest drilling has tested to only 365m (1,200 feet) below surface, and as noted above, many of the 2011 holes failed to reach targeted depths. The system remains open at depth and to the south and west, and Redstar believes that deeper testing has the potential to intersect an economic porphyry Au-Cu deposit. Redstar will be seeking a partner to continue advancing the project.

Dr. Jake Margolis is the qualified person as defined by National Instrument 43-101 and has reviewed this news release. Dr. Margolis is the US Exploration Manager for Redstar Gold Corp.

About Redstar Gold Corp.

Redstar has fourteen gold projects in Nevada, the Unga project in Alaska and the Newman Todd project in the Red Lake district, Ontario. The Unga Project in Alaska includes the high-grade Shumagin gold deposit, the Centennial disseminated bulk-tonnage gold deposit and the Apollo-Sitka high-grade gold vein system, which produced approximately 150,000 oz of gold in the early 20th century. The Newman Todd project contains a 2 km-long corridor of high-grade gold vein mineralization that is similar to that at the nearby world-class Red Lake Mine and has been the focus of an aggressive drilling campaign in 2011. In Nevada, several projects are undergoing active exploration by partners including Newmont Mining Corp.

On Behalf of the Board,

Redstar Gold Corp

Scott Weekes, President

Forward-Looking Information This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Redstar Gold Corporation (the "Company") expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

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.