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HSTR.V ·

Redstar Gold Issues Stock Options

Share Capital & Compensation

Suite 600, 800 West Pender Street

Vancouver, BC

604.245.5861

www.redstargold.com

Redstar Gold Issues Stock Options

April 11, 2017: Redstar Gold Corp. (TSX.V: RGC, US: RGCTF, FRA: RGG) ("Redstar" or

the "Company") announces the granting of 3,100,000 incentive stock options (the "Options") to

officers and directors of the Company. These Options are exercisable at CDN$0.14 per share for

a period of five years from the date of grant. These options will vest immediately and are

subject to the policies of the TSX Venture Exchange.

About Redstar Gold Corp

Redstar is well-financed junior exploration company, with a very strong 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 km2, 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 neighbouring

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

ocean. 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,

Jacques Vaillancourt,

Chairman

For additional information please contact:

T: +44.708.026.8247 | Toll Free: 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.

2

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.