HSTR.V · 2020-07-30 12:00:00

Redstar Gold – Technical Disclosure Review

Technical Reports (NI 43-101)

409 West Granville Street, Suite 1500, Vancouver, BC V6C 12M, Canada -- Tel 604.488.0051 | Toll Free 1.877.488.0046

TSX. V: RGC www.redstargold.com

Vancouver, Canada – July, 30, 2020 – Redstar Gold Corp. (TSX.V: RGC, US: RGCTF, FRA: RGG)

announces that, as a result of a review by the British Columbia Securities Commission, it is issuing the

following news release to clarify the Company’s disclosure.

("Redstar" or the "Company") announces that the NI 43-101 Technical Report and Resource Estimate for

the SH-1 Gold and Silver Deposit – Part of the Unga Project, Southwest Alaska, U.S.A. of March, 26 2020,

including the mineral resource estimate, should not be relied upon until a new (or amended) report

correcting the deficiencies is filed. Redstar is working to address the deficient issues as quickly as possible.

In the meantime, the Company is being placed on the Default List.

For additional information please contact:

John A. Gray

President

Tel: +44 747 068 6474

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.

Forward-Looking I nformation 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", "belie ves",

"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 guaranteeing 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 incl ude 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 a nd 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. Exc ept 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.