KGC Kestrel Gold Inc

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Kestrel Gold Inc. ("Kestrel" or the "Corporation") (TSX VENTURE:KGC) is pleased
to announce the release of further exploration results from its surface sampling
of road cuts and trenches on its 540 hectare Huachi property (the "Huachi
Property").


The results from 170 continuous two metre rock chip samples sampled in February
(not including QA/QC samples) have been processed and compiled by Kestrel.
Sampling was conducted along trenches (that include road trenches) in the
vicinity of the 'Agua Dulce' and 'Sanjuanina Structure' areas. 


The Huachi Property is in San Juan Province which is one of Argentina's oldest
mining provinces and currently host to Barrick Gold Corporation's Veladero and
Yamana Gold Inc.'s Gualcamayo gold producing mines, the latter of which is
within 30 kilometres of the Huachi Property. Kevin Nephin, the President and
Chief Executive Officer of Kestrel stated that, "While the market is currently
out of favor and has over sold junior producing and non-producing equities, the
announcement this week by Yamana regarding its agreement to acquire Extorre Gold
Mines Limited will hopefully demonstrate to the market that Argentina boasts
some of the world's greatest unexplored mining projects, similar to our Huachi
project. We see further consolidation by well-capitalized major developers and
producers with access to capital and project financing who will pursue other
acquisition opportunities in the region to exploit these potential resources".


Highlights  

Significant new continuous chip road sections include: 

Sanjuanina Area:



--  0.48 g/t Au over 58.0 metres including 1.81 g/t Au over 8.0 metres 
    
--  0.58 g/t Au over 10.0 metres 
    
--  0.55 g/t Au over 10.0 metres 
    
--  0.34 g/t Au over 18.0 metres



Agua Dulce Area:



--  0.48 g/t Au over 18.0 metres including 1.11 g/t Au over 6.0 metres 
    
--  0.36 g/t Au over 12.0 metres



The results are consistent with previous findings from drilling and surface
sampling that suggest gold mineralization at the Huachi Property is particularly
strong in the Sanjuanina area as well as the highly prospective Agua Dulce area
(in addition to the known Sentazon area). 


Geological Setting 

Dioritic wall rock is present in the Sanjuanina trench area with the trench
towards Agua Dulce approximately 700 metres to the south of this, exhibiting
grabbros with what are thought to be dacitic intercalations. Commonly, in both
areas, hydrothermal limonitic alteration occurs in association with vein related
brecciated structures and is superimposed over partial propylitic argillic
alteration. 


The gold mineralization is open to depth but also laterally, particularly
towards the east of these areas in unexplored regions of the Huachi Property,
now more accessible as a result of the road construction that has been completed
to date. The surface sampling represents a continuation of Kestrel's testing of
the structurally controlled gold vein component of what is believed to be the
upper part of a significant copper-gold porphyry system. 


Maps relating to the content of this news release showing the distribution of
samples will be posted on the Corporation's website in the near future.


Quality Assurance/Quality Control 

Samples were submitted to Alex Stewart Assayers Argentina S.A. in Mendoza,
Argentina an ISO 9000-2000 accredited laboratory. Gold and silver results were
determined using standard fire assay techniques on a 30 gram sample with a
gravimetric finish for gold and silver. In addition to this, ICP-AR (Aqua Regia
digestion) analysis was performed on 39 elements. Field duplicate, standard,
blank and preparation duplicate samples were used in compliance with National
Instrument 43-101 requirements.


About Kestrel Gold Inc. 

Kestrel is a gold exploration company headquartered in Canada. Its two principal
projects are the King Solomon Dome project in Canada's Yukon Territory and the
Huachi project in Argentina. Kestrel (KGC) is listed on the TSX Venture
Exchange. 


Technical aspects of this news release have been reviewed and approved by W.A.
Taylor, P.Geo., hereby designated as a qualified person under National
Instrument 43-101.


Cautionary Statements

This news release contains "forward-looking information" within the meaning of
applicable securities laws, including with respect to the potential
mineralization of the Huachi Property. Readers are cautioned to not place undue
reliance on forward-looking statements. Forward-looking statements are based on
certain key assumptions made by the Corporation, including assumptions based on
the Corporation's current exploration results. Actual results and developments
may differ materially from those contemplated by these statements depending on,
among other things, the inherent risks involved in the exploration and
development of mineral properties and the uncertainties involved in interpreting
exploration results and other geological data. The forward-looking statements in
this press release are made as of the date of this release and the Corporation
undertakes no obligation to update publicly or revise any forward looking
statements whether as a result of new information or otherwise, except as
required by applicable securities laws. The Corporation undertakes no obligation
to comment on analyses, expectations or statements made by third parties in
respect of the Corporation or its financial or operating results or (as
applicable) its securities.

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