NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS. 


Kestrel Gold Inc. ("Kestrel" or the "Corporation") (TSX VENTURE:KGC) announces
that the board of directors resolved to grant 100,000 fully vested stock options
to a director of the Corporation on September 1, 2011. The stock options permit
the individual to purchase common shares of the Corporation ("Common Shares") at
an exercise price of $0.80 per Common Share for a period of five (5) years from
the date of grant.


About Kestrel Gold Inc. 

Kestrel is a gold exploration corporation headquartered in Canada. Its principal
projects include the King Solomon Dome properties in Canada's Yukon Territory
and the Huachi and Antofalla properties, in Argentina. Kestrel is listed on the
TSX Venture Exchange Inc.
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