Lost our partner in Nevada, not good but it's Red Lake Property,(Newman Todd property)is where I think Redstar should be concentrating, but thats my opinion, anyway news follows:

Gold Fields drops Redstar Gold's Richmond Summit and Dry Gulch Gold Projects

Redstar Gold (TSX-V:RGC) announced that Gold Fields (NYSE:GFI) would not taking up its options on the Dry Gulch and Richmond Summit gold projects within the Carlin Trend in Neveda. The Richmond Summit property lies only four miles north-west of Newmont Mining's 8.5 million ounces Mike deposit and six miles south of the equally large Carlin-West Leeville gold mines.

Gold Fields completed drilling programs on both projects, and while it did encounter anomalous gold and arsenic along dyke-filled faults in the upper-plate rocks, the results of the drilling campaign were not enough to convince it advance either project further.

Redstar Gold put on a brave face, stating that the results were "very encouraging" and said that both projects required follow up work and the Company would be seeking a new partner to advance the projects.

Scott Weekes, President of Redstar, stated: "Redstar is encouraged with the results of the Phase 1 drill programs completed by Gold Fields on our Carlin trend projects. From the exploration work at Richmond Summit we have been able to define north-trending dyke-filled structures with anomalous gold and arsenic in upper plate rocks. Most importantly, the drilling confirms the presence of carbonate rocks at depth on the property. The intersection of these structures with carbonate rocks is the key ingredient in productive gold deposits along the Carlin trend. Using what we've learned from exploration work completed we can make plans to focus future drilling on this target environment. I'm confident that we will be able to find a partner to continue to advance our Carlin Trend projects in 2009."