KGC Kestrel Gold Inc

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) is pleased
to provide an update related to exploration activities on its one hundred (100%)
percent owned Huachi Property, in San Juan Province, north western Argentina and
on its gold exploration properties in the Yukon, Canada, that Kestrel holds an
option to acquire a 100% interest.


At Huachi, the first two drill holes (with HQ core) have been completed at the
North Ridge Road Cut Zone and the NE Agua Amarga Headwaters Zone, respectively.
The North Ridge Road Cut Zone is a gold-mineralized area (that has returned
surface rock sample values of up to 12.93 g/t Au - see May 13, 2011 news
release) on the northeast side of the East Peak Stock. At the North Ridge Road
Cut Zone, gold mineralization occurs in several limonitic shear zones (with
variable attitudes) that intersect highly argillically altered diorite host
rock. Diamond drilling in this zone is intended to cut north-south and
north-east trending near-vertical precious-metal bearing structures. The Agua
Amarga Zone also has epithermal textures, alteration and gold mineralization
hosted in breccias similar in nature to the North Ridge Road Cut Zone.


On the King Solomon Dome group of properties in the Yukon, field crews have
completed soil and silt geochemical surveys on grids on the KSD, Dominion, Gold
Run and Gulf properties that include close-spaced soil geochemical survey grids
surrounding existing gold soil geochemical anomalies proximal to localities
where previously collected grab and rock chip samples have returned values of up
to 51.2 g/t Au - (See Feb. 3, 2011 news release). 


At the KSD property, Kestrel geologists have also completed the first phase of a
1000 linear metre trenching, rock sampling and mapping program that was designed
using existing geochemical, geological and geophysical data centred on and also
along strike and adjacent to known gold-silver mineralization occurrences,
including the Sheba and Mitchell veins. 


Results from all the above-mentioned ongoing exploration programs will be
released as they are received by the Corporation once compiled and interpreted
and subjected to the necessary QA/QC procedures.


Cautionary Statements

This news release contains "forward-looking statements" within the meaning of
applicable securities laws relating to certain explorations activities,
including the contemplated future reporting of exploration results. 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 related to sufficient financing and other
resources to carry out planned exploration programs. Actual results and
developments may differ materially from those contemplated by these statements
depending on, among other things, insufficient funds or other resources to carry
out the planned exploration programs. 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) their securities.

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