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HSTR.V ·

Redstar Gold Comments on Trading Activity at the Request of IIROC

Listings & Exchange

Suite 1500, 409 Granville Street

Vancouver, BC

604.245.5861

www.redstargold.com

Redstar Gold Comments on Trading Activity at the Request of IIROC

June 15th, 2017: Redstar Gold Corp. (TSX.V: RGC, OTCQB: RGCTF, FRA: RGG)

("Redstar" or the "Company") has been requested by the Investment Industry Regulatory

Organization of Canada (IIROC) to comment on the recent increase in the trading volume and

price of the Company's common shares on the TSX Venture Exchange. The Company is not

aware of any material change in its business or affairs that has not been publicly disclosed that

would account for the recent increase in volume or price.

The Company commenced its 2017 Spring Exploration Program in April 2017, and initiated its

diamond drilling program at the Shumagin Gold Zone, within the Unga Gold Project, in May

2017. The 2017 Spring Drill Program, initially totaling up to 5,000m, has commenced on the

geophysical anomalies along strike to the southwest of the known Shumagin Gold Zone, with a

main goal to initially trace the occurrence quartz -adularia-carbonate breccias along strike of the

Shumagin Fault and the footwall splay along approximate 100m centers. Concurrent with

drilling, detailed prospecting and soils sample grids will cover the entire footwall basalt/andesite

within the areas of the Northe rn footwall anomalies to locate geochemically anomalous areas

along the structures that can be drill tested later during the summer.

About Redstar Gold Corp

Redstar is 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% controlled Unga Gold Project is an intermediate

sulfidation epithermal high-grade gold project on a district scale, with the property encompassing

approximately 240 km 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 gold mine and the site of historic high -grade (~10 g/t Au) gold

production. The Unga Gold Project has extensive infrastructure with daily flights from

Anchorage landing on a one mile long paved airstrip and a deep-water port on neighboring Popof

Island, and a moderate climate noting it resides at the 55th degree latitude and next to tidewater.

In addition, Redstar owns approximately 22.2% of NV Gold Corp. (TSXV: NVX). Redstar also

owns 30% of the Newman Todd Gold Project, in Red Lake, Ontario, Canada.

On Behalf of the Board of Directors,

Peter A. Ball, President and CEO

For additional information please contact:

2

T: 604.245.5861

TF: 877.310.3330

E: [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

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.