Redstar Gold Announces Extension of Warrants

Press Release

Redstar Gold Announces Extension of Warrants

October 14, 2015

Vancouver, British Columbia, October 14, 2015 – Redstar Gold Corporation Ltd. (TSX-V: RGC) (the "Company" or "Redstar Gold") announces that 39,383,363 warrants issued on August 21, 2013 at an exercise price of $0.07 up until August 21, 2014 and then $0.10 until October 21, 2015 will be extended an additional twelve (12) months with the exercise price remaining at $0.10. The extension of the warrants is subject to the approval of the TSX Venture Exchange.

About Redstar Gold Corporation

Redstar is a junior exploration company focused on high-grade gold exploration in North America. In Alaska, the Company is exploring the high-grade Unga Gold Project which was initially acquired in 2011. The Unga Gold Project contains several high grade gold/silver vein systems, two of which Apollo & Sitka were sites of historic high-grade gold production. At Unga, a 1,450 metre, eight hole, first phase diamond drill program is currently underway.

Redstar also owns 30% of the Newman Todd Gold project, in Red Lake, Ontario, Canada and 100% of ten properties in Nevada that have been optioned. Newman Todd is a high-grade gold discovery along a 1.8 km corridor within the Newman Todd Structure (NTS). The gold mineralization in the NTS remains open along strike and at depth.

Redstar Gold Corporation (RGC: TSX.V)

Ken Booth, President and CEO

Tel.: +604.488.0051

Email:[email protected]

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.