Kestrel Gold Inc. Announces Proposed Private Placement

flow-through units on a non-flow-through basis for a period of 24 months from the date of issuance at a price of $0.20 per Flow-Through Warrant Share for the first 18 months and at a price of $0.25 per Flow-Through Warrant Share thereafter.

The Corporation is focused on gold exploration within the Canadian Cordillera, with an emphasis on hard rock targets located in placer gold mining districts.

The outcome and timing of the proposed Private Placement, as well as the Corporation’s actual results, performance or achievement could differ materially from those expressed in, or implied by, such forward-looking information, and accordingly, no assurances can be given that any of the events anticipated by the forward-looking information will transpire or occur or, if any of them do, what benefits that the Corporation will derive from them.

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