Mr. Doug Fulcher reports

TRUE GRIT MEETS ALL OBLIGATIONS FOR FIRST YEAR COMMITMENT ON NEVADA ASSETS

True Grit Resources Ltd. is responding to Redstar Gold Corp.'s news release of May 15, 2015, suggesting that True Grit has not met the company's commitments as set out in the option agreement dated Jan. 24, 2014.

True Grit denies any suggestion that it has not met the commitments required under the option agreement and asserts that the option agreement remains operative. On April 27, 2015, True Grit delivered to Redstar, and Redstar accepted, $50,000 and 500,000 common shares of the company, representing True Grit's first anniversary payment under the option agreement. To date, True Grit has made payments totalling $100,000 and one million common shares to Redstar.

True Grit also incurred more than $250,000 of expenditures to meet True Grit's first-anniversary expenditure commitment under the option agreement. Moreover, the report required by the option agreement was delivered to Redstar by the March 31, 2015, deadline, as set out in the option agreement. True Grit has also repeatedly delivered to Redstar additional information not required under the option agreement.

The company is of the view that the arbitration process initiated by Redstar is wholly unnecessary; however, True Grit welcomes the opportunity to obtain an arbitrator's ruling that True Grit has satisfied the company's commitments under the option agreement.

True Grit will continue to work toward advancing the company's projects in Nevada and seeking potential joint venture partners. A drilling program is expected to be carried out on the Cooks Creek project this summer. True Grit will continue to look for new and exciting projects in Nevada and surrounding states.

True Grit will proceed with an equity financing in spite of the news release that Redstar has disseminated. The company intends to proceed with a non-brokered private placement for up to $500,000. The offering will comprise up to 10 million units of the company at a price of five cents per unit. Each unit will consist of one common share and one non-transferable common share purchase warrant. Each warrant will entitle the holder to purchase one common share at a price of 10 cents per common share for 24 months following the closing of the offering.

Finders' fees in cash and/or units, together with broker warrants containing the same terms as the warrants, may be payable on a portion of the financing to finders that assist in the offering.

The offering, including such compensation arrangements, will be completed in accordance with applicable securities laws and will be subject to the approval of the TSX Venture Exchange.

Proceeds of the offering will be used for exploration work on the company's Nevada properties and for general working capital. The securities issued under the offering will be subject to a hold period of four months plus one day from the date of completion of the offering, in accordance with applicable securities laws.

We seek Safe Harbor.