Mr. Pat Lynch reports

KESTREL GRANTS OPTIONS TO ITS DIRECTORS AND OFFICER

Kestrel Gold Inc. has granted to its directors and officer options to purchase in the aggregate four million common shares at an exercise price of 6.5 cents per share, which options will expire on Sept. 15, 2030.

About Kestrel Gold Inc.

Kestrel Gold is an exploration company headquartered in Western Canada and focused on the Canadian cordillera. Kestrel has earned a 100-per-cent interest, subject to a 2-per-cent net smelter return royalty with buydown provisions, in the QCM property, which is an orogenic gold target located in the Manson-Germanson placer district. Kestrel has also earned a 100-per-cent interest, subject to a 2.5-per-cent NSR royalty with buydown provisions, in the KSD property, which is an orogenic gold target located in the Yukon portion of the Tintina gold belt. Kestrel is listed on the TSX Venture Exchange under the symbol KGC.