Gold Fields Options Two Carlin Trend Properties

VANCOUVER, BC - Redstar Gold Corp. reported the signing of two letter agreements with Gold Fields Netherlands Services BV, a subsidiary of Gold Fields Ltd. (NYSE:GFI - News). Under these agreements Gold Fields can earn up to a 70% interest in two properties currently held 100% by Redstar within the Carlin Trend in Nevada. Gold Fields has committed a total of $1.4 million in exploration expenses in the first year of these agreements.

The two projects optioned to Gold Fields are the Richmond Summit and Dry Gulch properties. The Richmond Summit property is located 4 miles northwest of the Mike deposit (8.5 M oz gold) in the Gold Quarry district and 5.5 miles south of the Carlin - West Leeville gold mines (greater than 10 M oz gold production plus reserves). Surface sampling has returned gold values up to 7.75 g/t and limited drilling has returned values up to 2.5 g/t gold over 3.28 metres.

The Dry Gulch property is located within 6 miles of the Gold Quarry gold mine (greater than 15 million ounces gold) and 7 miles of the Carlin - West Leeville gold mines (greater than 10 million ounces gold). Geophysics indicates that structures controlling these gold deposits can be traced to the project area, and there is evidence that favourable host rocks may underlie the area at shallow depths. No previous drilling has been completed on the Dry Gulch property.

The company's address is 800 West Pender Street, Suite 615, Vancouver, BC V6C 2V6, 604 682-0301, fax: 604 682-0307.