CFM Confederation Minerals Ltd

Confederation Minerals Ltd (TSX VENTURE:CFM); (www.confederationmineralsltd.com)
and Redstar Gold Corp. (TSX VENTURE:RGC) advise that, having received TSX
Venture Exchange acceptance for filing of the option granted to Confederation by
Redstar and announced by press release on November 22, 2010, Confederation has
completed the first payment due to Redstar under the option. Under the terms of
the option, Confederation can acquire up to 70% of Redstar's Newman Todd gold
project located in the Red Lake Mining District of Northern Ontario. This
initial payment consisted of 100,000 shares and $50,000 cash. Further payments
and work commitments will need to be met for Confederation to acquire its
interest. The remaining financial terms of the option are summarized in the
November 22, 2010 release.




On Behalf of the Board,            On Behalf of the Board,    
Redstar Gold Corp                  Confederation Minerals Ltd.
                                                              
"Scott Weekes"                     "Lawrence Dick"            
                                                              
Scott Weekes                       Lawrence Dick, Ph.D., P.Geo
President                          President                  



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 the Companies expect 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 Companies
believe 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 management on the date the
statements are made. Except as required by applicable securities laws, the
Companies undertake no obligation to update these forward-looking statements in
the event that management's beliefs, estimates or opinions, or other factors,
should change.

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