KGC Kestrel Gold Inc

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Kestrel Gold Inc. ("Kestrel" or the "Corporation") (TSX VENTURE:KGC) announces
the completion of a geophysical survey (the "Survey") at Kestrel's King Solomon
Dome Property south of Dawson City, in the Yukon Territory ("KSD"). 


The Survey is intended to map the geophysical properties of resistivity and
chargeability of the subsurface down to a depth of 500 metres. SJ Geophysics
Ltd. of Delta, British Columbia using their new Volterra-3DIP system in
conjunction with a magnetometer survey over a grid approximately 1.6 km by 1.6
km, has been focusing on the area encompassing the Sheba and Mitchell workings
which lie within a large gold geochemical soil anomaly. This second phase of
deeper geophysical work is envisaged to give a much clearer (3D) picture of the
morphology of structures, contrasting lithologies and additional potential drill
targets at greater depths. The Survey follows on from the first phase of
geophysical work conducted in 2011 which was successful in outlining a large
chargeable IP anomaly centred in the area around the Sheba showing and trending
towards the Mitchell Shaft to the north over a distance of approximately 1.2 km
open along strike and extending to depth. 


William Taylor, the Vice President Exploration of Kestrel comments: "We know
from work done to date the importance of regional scale NNW trending D4
structures at KSD in relation to Klondike gold mineralization. This survey will
help us better understand the other factors that have concentrated the gold and
other path finder elements in this particular area where the signatures are so
relatively high." 


A number of drill targets have already been outlined at KSD and the results of
the Survey are anticipated to be received in advance of the Corporation's
planned 2012 diamond drill program.


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 scope and timing of
the Survey, potential exploration results mineralization of KSD and anticipated
future exploration of KSD. 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 anticipated
size and scope of the Survey, the timing of the completion of the Survey and the
future exploration activities, potential mineralization of KSD and assumptions
related to obtaining sufficient financing and other resources to carry out
future exploration. 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, the uncertainties involved in interpreting exploration results and
other geological and geophysical data and the ability of the Corporation to
obtain the funds and resources required to carry out further exploration. 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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