RSM.P Red Star Capital Ventures

Red Star Capital Ventures Inc. ("Red Star" or the "Company") (TSX VENTURE:RSM.P)
announces the resignation of Asha Reeves, as Chief Financial Officer and
Director of Red Star, effective August 10, 2011. The board of directors would
like to thank Ms. Reeves for her efforts over the course of her involvement with
the Company, and wish her success in her future endeavours.


The Company is pleased to announce the appointment of Jamie Lewin as Interim
Chief Financial Officer, effective August 12, 2011. Mr. Lewin is a Certified
Management Accountant (CMA), who has held various positions including Chief
Financial Officer, and Director, with public and private sector companies.


Red Star is a capital pool company listed and trading on the TSX Venture
Exchange, symbol: RSM.P.

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