Redstar Presentation September

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Slide 1:

Growth Through Discovery… UNGA HIGH GRADE EPITHERMAL GOLD DISTRICT - Alaska NEWMAN TODD MESOTHERMAL GOLD DISCOVERY – Red Lake, Ontario

Forward Looking Statements:

Forward Looking Statements This presentation contains certain statements that may constitute "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934 and “forward looking information” within the meaning of applicable Canadian provincial securities legislation (collectively “forward looking statements”). All statements in this presentation, other than statements of historical fact, that address events or developments that 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", “suggest” and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this presentation include statements regarding the timing and nature of future exploration programs and projections which are, in part, dependent on results from those exploration programs. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements express or implied by the forward-looking statements. These statements are based on a number of assumptions regarding general market conditions, timing and receipt of regulatory approvals, the ability of the Company and other relevant parties to satisfy regulatory requirements, the availability of financing for proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, results of exploration, availability of capital and financing on acceptable terms, inability to obtain required regulatory approvals, and market conditions and general business, economic, competitive, political and social conditions. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those express or implied in forward-looking statements, there may be other factors which cause actual results to differ. Accordingly, readers should not place undue reliance on forward-looking statements. Forward looking statements contained herein are made as of the date of this presentation, and the Company disclaims any obligation to update these forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

Slide 3:

Alaska Acquisition of a high grade gold vein district in Alaska includes a historic non 43-101 compliant resource of 281,000 tons at a grade of 0.80 oz/t (27.4 g/t) gold 3.7 oz/t (127 g/t) silver 3 mineralized trends to drill test (Shumagin, Apollo, Norms) 30 km of epithermal of strike extent identified Bulk tonnage quartz adularia disseminated gold deposit to grid drill on Popov Island - Centennial Deposit (non 43-101 compliant resource of 4.8 million tons grading 1.5 g/t gold) Red Lake New gold discovery in Red Lake (Newman Todd) News June 20, 2011 “STEP-OUT DRILLING CONTINUES TO INTERSECTS HIGH GRADE GOLD” 32.43 g/t gold over 2.70 metres within a wider zone of 5.32 g/t gold over 19.0 metres Confederation is spending $5.0 million to earn 50% and must produce a PEA to earn a 70% interest Redstar Recent Highlights

Slide 4:

Capital Structure – August 2011 Shares Outstanding 66.7 Mil Stock Options 4.6 Mil Warrants Outstanding 7.1 Mil Fully Diluted 78.5 Mil Cash – $3.75 Million Share Ownership Institutional - 25% Management - 10% Market Cap – $42 million

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Directors / Management Management Scott Weekes (President, CEO, Director): Over 30 years experience in all aspects of mining exploration and project management in North America, South America and Europe. Scott has been a director on several boards and is the former Vice President of Skygold Ventures Ltd. Doug Fulcher (Director) Over 30 years experience in mining exploration and project management with Pamicon Developments Ltd. He is the past President and CEO of Skygold Ventures Ltd. He has served as a director on numerous boards within the industry. Michael McInnis (Director) Over 35 years of experience in mineral exploration, in North America and overseas. Over 25 years managing resource companies. He is the President and CEO of Riverstone Resources Inc. and serves on the boards of several other minerals companies including Abacus Mining & Exploration Corp., Canasil Resources Inc. and Victoria Gold Corp. Jeff Pontius (Director) Mr. Pontius has over 30 years of geological experience, and a distinguished track record of successful discoveries that includes four precious metal deposits in North America.  Most recently, as President and CEO of International Tower Hill Mines, he led the team that discovered the Livengood Gold Deposit in Alaska which has a current resource of over 20 million ounces of gold and continues to expand.  Additionally, he led the discovery and development team for the Cripple Creek Deposit in Colorado, which is operated by AngloGold Ashanti and contains over 15 million ounces of gold. Raymond Mullaney (Director) Over 30 years of experience in the financial services industry including research analysis, stock selection, trading, investment strategy development, and portfolio management. He is the founder and President of the Mullaney Trust LLC a registered investment advisory firm based in Stanford Connecticut. Jeannine P.M. Webb (CFO) Jeannine has over 20 years of experience in the mining resource sector and was a principal of Badger & Co. Management Corp. (“Badger & Co.”), a private company providing a full range of financial, corporate and geological management services to junior public mineral exploration companies. During this time, Mrs. Webb served as CFO and Corporate Secretary for companies under management with Badger & Co. Since the disbandment of Badger & Co., Mrs. Webb has served as CFO for of various other private and junior “small cap” public companies.

Slide 6:

Properties Unga Property – Alaska District scale high grade epithermal gold targets and bulk tonnage open pit gold mineralization Property includes a historic resource, a past producer, 8 defined gold targets and 20 km of exploration potential A NORTH AMERICAN FOCUSED GOLD EXPLORER Newman Todd Property – Red Lake New 2 km long gold trend in Red Lake Currently two drills turning Funded by Confederation Minerals Ltd. Nevada Property Portfolio Acquired AngloGold Ashanti’s geological database in Nevada Currently has 14 active projects in Nevada

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Unga Epithermal Gold District - Location Property consists of a 240 square km land package on two islands in the Aleutians 15 km from the town of Sand Point Deep water port Air strip with daily year round direct flights from Anchorage On the marine ferry schedule and barge service Temperate climate On tide water with sheltered bays for anchorage Roads and trails on both Popov and Unga Island Sheltered bays for potential dock facilities on Unga Island Juneau Anchorage Unga Property

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Unga Project – Land Sand Point Village Sand Point Airport 10 km POPOV ISLAND UNGA ISLAND Unga-Popov Property private land owned by native corporations and leased to Full Metal Mining– Redstar can earn up to a 75% interest in the property from Full Metal Shumagin property consists of patented and state mineral claims – Redstar is purchasing a 100% interest with no underlying royalties.

Slide 9:

Unga Gold District – Epithermal Trends Unga Island 3 main trends identified to date (over 30 km of strike) Shumagin Trend includes a non 43-101 compliant high grade gold resource open at depth and along strike Apollo Trend includes historic production from a 2m km long portion of the trend and is open along strike and at depth Norms Trend is an underexplored poorly exposed trend north of Shumagin Popof Island 2 zones of volcanic hosted disseminated gold mineralization identified Centennial Deposit hosts a non 43-101 compliant resource and is open along strike and at depth Historic drill collar Quartz vein Structural trend of epithermal system

Slide 10:

Shumagin Trend Non 43-101 compliant resource of 281,000 tons at a grade of 0.80 oz/t (27.4 g/t) gold 3.7 oz/t (127 g/t) silver The deepest hole, drilled130 metres below the resource intersected 5.6 metres of 16 g/t gold Drill defined strike length of 1.0 km Open for expansion along strike and at depth Gold mineralization intersected in drilling 8km along strike Unga Gold District - Summary Apollo – Sitka Trend ~ 3 km south of the Shumagin Trend Three turn of the century mines active along ~ 2 km of the vein system Approximately 150,000 ounces produced from 1896 – 1922 at a recovered grade of ~ 0.3 oz/t gold (from historic production records) All mines ended production in “complex ore” (base metal rich). Little modern day exploration completed along the trend Mineralization open at depth and along strike Trend can be followed for over 7 km

Slide 11:

Approx. 1000 m High grade epithermal vein traced for over 1 km Last explored in the 1980’s Resource calculated for one ore shoot Mineralization remains open in all directions Unga Gold District – Drill Results Proposed Drilling Hole # From (m) To (m) Core Length (m) Gold (g/t) DDH23 89.3 98.8 9.4 11.2 DDH26 49.1 49.8 0.8 37.7 DDH26 77.7 78.9 1.2 11.5 DDH26 Incl. 78.3 78.9 0.6 14.1 DDH28 44.8 48.2 3.4 10.3 DDH28 Incl. 44.8 46.0 1.2 16.5 DDH28 55.9 56.7 0.8 11.0 DDH34 59.1 60.4 1.2 10.6 DDH34 79.2 81.7 2.4 11.1 DDH34 Incl. 80.8 81.7 0.9 17.7 DDH35 77.3 77.9 0.6 192.6 DDH42 124.4 126.2 1.8 11.1 DDH42 Incl. 124.4 125.1 0.8 13.0 DDH42 128.6 136.9 8.2 15.8 DDH42 Incl. 129.5 134.1 4.6 19.1 DDH42 And 132.6 134.1 1.5 31.0 DDH42 And 135.6 136.9 1.2 22.3 DDH44 135.8 140.5 4.7 8.2 DDH44 Incl. 137.5 138.2 0.8 30.3 DDH46 152.7 154.8 2.1 209.3 DDH46 Incl. 153.6 154.8 1.2 365.3 DDH50 168.9 169.9 1.1 15.3 DDH50 188.4 190.5 2.1 8.2 DDH51 156.1 156.7 0.6 182.0 DDH54 101.3 102.4 1.1 11.7 DDH57 38.1 41.3 3.4 33.3 DDH57 Incl. 38.1 39.6 1.5 59.6 DDH58 37.6 38.4 0.8 15.8 BMG -1* No drill log 5.5 16.1

Slide 12:

Ore Shoot? Ore Shoot? Value = Grade (g/t) x Width (m) 1 - 3 3 - 10 > 10 Unga Gold District – Shumagin Trend Hole NOT included in the resource 16.13 / 5.49 365.8 / 1.22 37.8 / 0.76 27.1 / 3.66 * 33.3 / 3.20 15.8 / 8.23 5.2 / 1.22 15.8 / 0.76 192.9 / 0.61 19.6 / 6.10 Proposed Phase 1 Drilling * Percussion drill hole

Slide 13:

33.26/3.2 Incl. 59.59/1.52 10.63/1.22 11.08/2.44 Incl. 17.66/0.91 3.8/12.65 Incl. 16.70/1.52 15.26/1.07 4.78/6.10 Section A-A’ gold (g/t) / length (m) Multiphase epithermal vein Vein sits at contact between mafic and felsic volcanics Average width of 3 – 4 metres Ore shoots may be associated with “kinks” in the structure Unga Gold District – Shumagin Trend

Slide 14:

The Apollo trend is sub-parallel to the Shumagin trend 3 mines produced at the turn of the century from 2km of a structure that can be traced for over 7 km All of the mines ended in “complex ore” which is base metal rich and could not be processed at the turn of the century The entire 2km long trend represents a high priority target as mineralization has not be cut-off at depth Unga Gold District – Apollo Trend Historic Long Section of the Apollo Mine Proposed Phase 1 Drilling

Slide 15:

Unga Gold District – Centennial Deposit During the 1980’s Battle Mountain Gold completed 59 core holes Defined a non 43-101 compliant resource of 4.8 million grading 1.5 g/t gold at Centennial Within 60 metres of surface Road access from Sand Point (year round exploration) Centennial Deposit is a quartz + adularia disseminated gold system Potential underlying structural controls have not been drill tested (high grade feeder zones) Trenching and IP surveys indicate the mineralization is open for expansion Two additional targets identified using rock and soil sampling

Slide 16:

Unga Gold District - Targets Historic drill collar Quartz vein In addition to the advanced exploration targets at Shumagin and Apollo numerous other showings demonstrate the district scale potential of the property Aquila vein – 8 km along strike from the Shumagin vein 113 g/t Au / 0.4m 12.0 g/t Au / 2.7 m Centennial Deposit Volcanic hosted bulk tonnage deposit outlined by Battle Mountain Gold in the late 1980’s - 200,000 oz @ 1.5 g/t) to a depth of 50 m

Slide 17:

2011 – Budget ~ $2.5 - $3.5 million Confirm and expand the historic resource at Shumagin confirm historic drilling and follow the mineralization down plunge 200 – 250m Test for continuity of parallel ore shoots at Shumagin Test beneath the historic workings on the Apollo Trend Test under explored showings along the Shumagin Trend Continued drilling of the Centennial bulk tonnage gold deposit Unga Gold District – 2011Exploration Program

Slide 18:

Unga Gold District – 2011Exploration Program 2012 – Budget ~ $5.0 - $10.0 million Continue to expand the Shumagin Resource Follow-up previous drill results both down dip and along strike Continue to Expand the Apollo mineralization Continued testing of the Apollo trend beneath the Apollo workings Continued expansion of the Centennial deposit and additional exploration for similar targets on Popov Island Structural mapping to help define controls to mineralization Regional geophysics to help define new targets within the district Stripping and geological mapping and sampling program Drilling of high priority targets within the district

Slide 19:

Redstar has a partnership with Confederation Minerals Ltd. in Red Lake Confederation can earn 50% interest in the Newman Todd Property completing $5 million exploration expenditures over 3 years 50 – 60 diamond drill holes Make $250,000 in cash payments over 3 years Issue 500,000 shares of Confederation Minerals Ltd (TSX.V: CFM) Confederation can earn an additional 20% interest, with the completion of a Preliminary Economic Assessment (PEA) and issuing another 500,000 shares Includes NI 43-101 compliant resource Includes initial economic studies Total cost???? Newman Todd Property- Red Lake Two Drills Currently Active on the Property – Project is Fully Funded by Confederation in 2011

Slide 20:

Campbell – Red Lake Mine RED STAR ’s Newman Todd Property Rubicon F2 Discovery Red Lake Balmertown Madsen Newman Todd Property– Location Located in the west end of the Red Lake greenstone belt (over 25 million ounces gold production) Road access for year round exploration 80 road kilometres from the town of Red Lake (labor, supplies, transportation)

Slide 21:

Newman Todd Property– Summary 2 km long gold bearing structure defined by 150 – 250 metre wide zone of brecciation, carbonate alteration, quartz veining and sulphide replacement zones Gold intersected along entire 2km length of the structure All zones remain open along strike and at depth Only 40% of strike tested to date Heath Bull Zone Hinge Zone North East Breccia Zone North East Extension

Slide 22:

Newman Todd Property– Results Summary Hole Core Length Gold (g/t) NT-060 1.00 11.65 NT-061 1.00 7.12 NT-061 1.00 7.33 NT-036 2.00 12.08 NT-036 Incl. 1.00 16.35 NT-039 1.00 14.00 NT-062 incl. 5.00 18.25 NT-062 and incl. 2.70 32.43 NT-062 and incl. 0.70 103.00 NT-062 and 1.00 8.86 NT-063 0.50 27.30 NT-063 and 0.50 8.11 NT-063 and 1.00 7.66 Hole Core Length Gold (g/t) NT-042 1.00 25.70 NT-046 3.00 10.87 NT-046 Incl. 1.00 23.50 NT-046 Incl. 0.30 15.70 NT-053 0.50 11.60 NT-031 Incl. 3.00 24.89 NT-031 Incl. 1.00 69.02 NT-040 Incl. 1.00 15.00 NT-040 and 5.00 14.23 NT-040 Incl. 1.00 61.20 NT-047 Incl. 1.30 12.84 NT-047 Incl. 0.65 24.86 NT-047 Incl. 0.35 45.30 NT-048 1.50 26.80 NT-055 1.00 24.00 NT-056 3.00 42.84 NT-056 Incl. 1.00 122.00 NT-056 and 3.00 22.49 NT-056 Incl. 1.00 63.60 NT-056 and 1.10 32.60 NT-056 Incl. 0.50 62.90 NT-058 2.00 25.55 NT-058 Incl. 0.50 75.80 NT-058 And 0.50 23.30 North Extension Zone North East Breccia New Zone Hinge Zone Heath Bull Zone

Slide 23:

High grade gold mineralization intersected along 1.2 km of the Newman Todd Structure Bonanza grades and wider intervals of lower grade gold Alteration and mineralization similar to the High Grade Zone at Gold Corps Red Lake Mine Structure only tested to very shallow depths Newman Todd Property– Long Section

Slide 24:

Newman Todd Property– Plan Map

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Heath Bull Zone Composite Section Only drilled to ~350 metres depth Grades appear to be increasing with depth High grade intervals typically associated with wide zones of lower grades Gold mineralization associated with quartz veining, sulphides and magnetite replacement of carbonate altered volcanic rocks Limit of drilling 500m 400m 300m 200m 100m Newman Todd Property– X-Section

Slide 26:

Newman Todd Property– Exploration Plans 2011 – Budget ~ $2.5 million ( Fully Funded by Confederation Minerals ) Two drills currently active on the property One drill following-up known high grade gold mineralization with 25 – 50 metre step outs One drill continuing to test the 2 km strike extent of the Newman Todd structure with 100 – 200 m step-outs 25 – 30 holes are anticipated Stripping and structural mapping program to help define secondary controls to the high grade mineralization Plans are to keep two drills active on the property till year end (budget will be expanded as needed)

Slide 27:

In 2005 Redstar acquired AngloGold Ashanti’s geological database for the Great Basin Highlights 1,225 prospect files for Nevada Files cover all of the major gold trends in the state as well as a significant amount of data away from main trends Regional and detailed geophysics, geochemistry, age dates, etc . Results Redstar currently has 14 active projects in Nevada Most of the projects… are in the productive belts, including the Carlin & Cortez Trends have known gold and or trace element occurences All of the projects have been acquired based on geological data not as “area plays” Nevada Projects

Slide 28:

Painted Hills Baker Spring (Leased to Newmont) Richmond Summit Root Spring (Optioned to Brocade Metals) Cooks Creek (Optioned to Catalina) Seven Devils Larus Eagle Basin Opal Hill Queens Long Island Oasis (Optioned to Centerra) Black Hawk Gold Cloud North Bullfrog (Sold) Oasis Long Island Queens Opal Hill Eagle Basin Seven Devils Root Spring Cooks Creek Painted Hills Richmond Summit Baker Spring Larus 100 km Battle Mtn –Cortez – Eureka Trend Carlin Trend Nevada Projects Black Hawk Gold Cloud

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Redstar News Flow 2011 Alaska Drilling planned to start in September Newman Todd Two drills currently active – results June – December Nevada Four projects optioned – work programs currently being planned Newmont, Centerra, Catalina, Brocade Metals Additional acquisitions in Nevada Additional partnerships in Nevada

Slide 30:

Redstar Value Drivers Redstar controls a high grade epithermal gold / silver district in Alaska Drilling planned this year to confirm and expand a historic high grade resource Drilling planned to expand a historic bulk tonnage open pit resource Drilling planned to test additional targets to confirm the district scale potential of the project Two drills currently active on a high grade gold discovery in Red Lake Project is fully funded by our partner Additional acquisitions and partnerships in Nevada Current market cap of ~$42million CONTACT INFORMATION Scott Weekes, President Tim Mikula, Investor Relations sweekes@redstargold.com tmikula@redstargold.com 604.488.0051 604.488.0051

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