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HSTR.V ·

Redstar Gold Announces Board Changes

Management Changes

PRESS RELEASE

October 3rd, 2019

Redstar Gold Announces Board Changes

Vancouver, Canada - Redstar Gold Corp. (TSX.V: RGC) ("Redstar" or the "Company") announces an

addition to its Board.

As voted by the shareholders, Mr. Patrick Chidley joined the Company as a Director effective 25 September

2019. Mr. Chidley is currently a partner with 3ppm LP, a US based investment group focused on mining

industry private equity and venture capital opportunities. Mr. Chidley is also a partner and director of several

other mining industry companies, including 3ppb LLC, a management consulting firm providing specialist

advice and services in the corporate development field to mining and exploration companies, and Gemdale

Ltd, a private mineral exploration company operating in Europe. Mr. Chidley has over 25 years’ experience

in mining and mining finance, extensive evaluation and investing experience in broking, (as a leading gold

industry analyst with HSBC), in investment management with USAA Investment Management Company

and in investment banking and commodities. He started his career as a mining and exploration geologist in

Southern Africa. He holds a CFA, a BSc. in Mining Geology (Royal School of Mines, Imperial College,

London) and an MS in Mineral Economics (Penn State University). Ms. Mitchell will continue as a

consultant to the Company.

Jacques Vaillancourt, Executive Chairman of Redstar stated: “We are very pleased that Patrick is joining

Redstar's Board of Directors. Patrick’s depth of experience across many areas of the mining industry will

strengthen the Board even further and provide Redstar with valuable guidance and insight as we continue to

move the company forward and grow our business. Additionally, we are very appreciative of Susan

Mitchell’s contribution to the proper governance, guidance and strategy of the Company during her time on

the Board”.

About Redstar Gold Corp

Redstar is a well -financed junior exploration company, with a n experienced , supportive institutional

shareholder base, no debt, and is focused on high -grade gold exploration and advancing its high -grade Unga

Gold Project in Alaska. The 100% controlled Unga Gold Project is an intermediate sulfidation epithermal

high-grade gold project on a district scale, with the property encompassing 240km 2, and containing multiple

high-grade gold zones drilled or identified at surface. The former Apollo -Sitka gold mine, located on the

southern Apollo-Sitka Trend, was Alaska’s first underground go ld mine and the site of historic high -grade

(~10 g/t Au) gold production. The Unga Gold Project can be reached by daily flights from Anchorage to

Popof Island landing on a one mile long paved airstrip. There is also a deep-water port on Popof, a moderate

climate due to its location at N55° latitude and next to year -round tidewater. In addition, Redstar owns

approximately 5 million shares of NV Gold Corp. (TSXV: NVX) and 30% of the Newman Todd Gold

Project, in Red Lake, Ontario, Canada.

For additional information please contact:

Jacques Vaillancourt

Chairman

Tel: +44.780.226.8247

Email: [email protected]

John Gray

President

Tel.: +44.747.068.6474

Email: [email protected]

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 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 state ments 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 p rices, 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 re sults 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.