Redstar Gold Announces Stock Option Grant
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
Redstar Gold Announces Stock Option Grant
Vancouver, Canada, September 4 , 2020 - Redstar Gold Corp. (TSX.V: RGC, US: RGCTF, FRA: RGG) ("Redstar" or
the " Company") announces that it has granted to directors, officers, and consultants of the Company stock
options (the "Options") exercisable to acquire up to a total of 20,730,000 common shares in accordance with the
Company's Stock Option Plan. The Options are exercisable for a period of five years at a price of $0.115 per share
and will vest 1/3 immediately; 1/3 after 12 months from the date of grant; and 1/3 after 24 months from the
date of grant. The Options are exercisable for a period of five years from the date of the grant and are subject to
the policies of the TSX Venture Exchange.
About Redstar Gold Corp.
Redstar is a well-financed junior exploration and development company with a portfolio of high-grade projects
in Alaska and Mexico. The company’s flagship asset is the 100% controlled Unga Gold Project on Unga and Popof
Islands in Alaska. The project hosts an intermediate sulfidation epithermal gold deposit, located within the
district-scale property that encompasses 240km 2 across the two islands . Additional targets on the property
include porphyry, high sulphidation and intermediate sulphidation epithermal veins. On Unga Island, priority
targets include: the SH-1 and Aquila high-grade gold zones, both on the Shumagin Trend; the former Apollo-Sitka
mine which was Alaska’s first underground gold mine; and the Zachary Bay porphyry gold -copper district. The
supergene-enriched, disseminated gold mineralization at the Centennial Zone is located on neighbouring Popof
Island, within four kilometres of infrastructure and services available at Sand Point.
In Mexico, the company owns 100% of three early stage epithermal projects in Sonora that are highly prospective
for gold and silver. Cumaro forms a key piece of the El Picacho district, while the Oso Negro and La Lola projects
are also prospective for epithermal gold-silver mineralization.
Redstar is asking shareholders at the company’s AGM on September 29th, 2020 to approve a 15:1 consolidation
of the outstanding Redstar shares and approve a name change to Heliostar Metals Ltd.
For additional information please contact:
Charles Funk
Chief Executive Officer
Redstar Gold Corp.
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". 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 "would", "may", "could" or "should" occur.
TSX.V: RGC
www.redstargold.com
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
Forward-looking statements in this press release include Redstar’s expectations that the transactions
contemplated in the Agreement will be approved by the TSX Venture Exchange and completed and that it can
obtain shareholder approval for its proposed post-closing share consolidation, name change and the election of
both the Redstar nominees and the Heliodor nominees at its next general meeting of shareholders, that it can
successfully raise at least C$6 million and, if so, the number of Redstar shares that would be issued in the offering,
and, finally, that it can commence exploration at its Unga project in late August and that it can achieve its 2020
exploration plans. 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 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.