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| | Thu Jan 7, 2010
Redstar Hires Contact Financial
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| | Redstar Gold Corp has engaged Contact Financial to develop and execute a comprehensive marketing and investor communications plan called the "Fast Focus" program to help raise awareness of the company over a 3-month renewable term, subject to TSX Venture Exchange approval.
Contact Financial is a Vancouver-based strategic marketing and communication firm that will increase Redstar Gold Corp's exposure to industry stakeholders and investors. Contact Financial will be responsible for providing advice to the company with respect to corporate development, producing and distributing effective marketing communication tools, and increasing investor awareness. For more information please visit www.contactfinancial.com.
Redstar Gold Corp is an exploration company with active projects in Red Lake and Nevada that advances its projects through partnerships with aggressive exploration companies. Its most advanced project is the Newman Todd project in Red Lake, Ontario where the company has recently completed an initial 4 drill holes of a planned 5,000 metre program. Previous drilling by Redstar has returned values up to 61.2 g/t gold over 1.0 metre within a larger interval of 14.23 g/t gold over 5.0 metres. The gold occurs within a structure that can be traced for 2.0 kilometres and is associated with quartz veining and silica, sulphide and magnetite replacement of intensely iron carbonate altered breccias zones.
Redstar has 12 projects in Nevada; a drill program has recently been completed by Fronteer Developments Ltd on the Richmond Summit project on the Carlin Trend. Over the past number of years Redstar has been able to acquire high priority projects in Nevada largely based on a geological database purchased from AngloGold Ashanti. The database is an extensive treasure chest of proprietary data including drill data, soil and rock geochemical data and geophysics. Redstar is actively seeking additional partners for its Nevada projects.
Under the renewable agreement, Contact Financial will receive a fee of $25,000 for an initial term of three months and $6,000 per month, on a month-to-month basis, following. Contact Financial will further receive 200,000 incentive stock options good for two years from date of signing to purchase common shares of the company at $0.30 that will vest over a period of 12 months. Contact Financial is at arm's length to Redstar Gold Corp.
On Behalf of the Board,
Redstar Gold Corp
"Scott Weekes"
Scott Weekes
President
CORPORATE INQUIRIES
Redstar Gold Corp.
Tim Mikula, Investor Relations
Tel: 604.488.0051
tmikula@redstargold.com
www.redstargold.com
Contact Financial
Chris Gordon
Tel: 604.689.7422
cgordon@contactfinancial.com
Renmark Financial Communications Inc.
Barbara Komorowski or Dan Symons
Tel: 514.939.3989 or 416.644.2020
dsymons@renmarkfinancial.com
bkomorowski@renmarkfinancial.com
www.renmarkfinancial.com |
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| | You can view the Next News Releases item: Tue Jan 12, 2010, Redstar Continues to Intersect High-Grade Gold at Red Lake
You can view the Previous News Releases item: Wed Dec 16, 2009, Redstar Adds Two Gold Projects in Nevada Near World-Class Round Mountain Gold Deposit
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