Redstar Gold Announces the Appointment of John Gray as President and member of Board of Directors.
PRESS RELEASE
March 12, 2019
Redstar Gold Announces the Appointment of John Gray as President
and member of Board of Directors.
Vancouver, Canada - Redstar Gold Corp. (TSX.V: RGC) ("Redstar" or the "Company") announces
additions to its Board and its management team.
Subject to approvals, Mr. John Gray will join the Company as President effective March 15, 2019. Mr.
Gray will also join the Redstar Gold Board of Directors. Mr. Gray is joining Redstar Gold from Verde
Resources where he was Chief Executive Officer. Prior thereto Mr. Gray was Chief Operating Officer of
Tesoro Minerals and before that was the Chief Executive Officer of African Aura Resources. Mr. Gray is
a geologist having graduated from the Royal School of Mines, London with a B.Sc. in Geology.
Jacques Vaillancourt, Executive Chairman of Redstar said - "We are delighted that John is joining Redstar's
management team. We are confident that John will bring the same energy, diligence and professionalism
that he successfully brought to his previous executive roles. We believe that the Redstar portfolio of
projects, and most particularly our Unga project is significant and require s the type of leadership and
cooperation that John has exhibited in his previous roles and will bring to Redstar.
We believe that Unga, with its dual trends of epithermal low to medium sulphidation formation with gold
showings over 19 km (2 x 9.5 km) is currently amongst the most exciting and prospective gold exploration
projects in North America. In the most recent 43-101 report, 32 distinct areas of mineralization and potential
mineralization were defined. The project area includes the Apollo-Sitka Gold Mine which was Alaska's
first gold mine produced gold bearing oxide ore for 36 years (from 1886 to 1922).”
The Company also wishes to announce that it has granted incentive stock options to purchase up to
2,500,000 shares to Mr. Gray as part of his compensation package . The options are exercisable at a price
of $0.05 for a period of five years.
About Redstar Gold Corp
Redstar is a well -financed junior exploration company, with a very strong, 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% contro lled Unga Gold Project is a low to intermediate sulfidation
epithermal high-grade gold project with district scale, the property encompass es 240 km 2, and contain s
multiple high-grade gold zones drilled or identified at surface along with some historic res erce estimates
(non-43-101 compliant) . The former Apollo-Sitka gold mine, located on the southern Apollo-Sitka Trend,
was Alaska’s first underground gold mine and the site of historic high-grade (~10 g/t Au) gold production.
The Unga Gold Project can be reached by daily commercial flights from Anchorage to Sand Point landing
on a one mile long paved airstrip . Additionally, Sand Point has a deep-water port, and benefits from a
moderate climate due to its location at 55° 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]
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 simila r 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 guarante es 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 an d 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 secu rities 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.