KGC.V · 2022-06-22 12:00:00

Kestrel Gold – Announces 2022 Exploration Plans

Exploration Programs

NEWS RELEASE

Calgary, AB, June 22, 2022: Kestrel Gold Inc. (“Kestrel” or the “Co mpany”, TSX-V: KGC) is

pleased to issue an update on exploration plans for 2022.

• At the QCM property, further prospecting and sampling of the gold bearing showings

located by Kestrel’s 2021 prospecting programs will be completed. Significant targets

defined by this work will be followed up with a reverse circulation drill program. Upon

receipt of these drill results a second reverse circulation drill program will be planned for

targets of significance from the initial drill program and to further expand upon results from

last fall’s QCM Main Zone drill program. The reader is encouraged to see Kestrel’s

February 18th and April 23rd, 2022 News Release s for further details of th e prospecting

and drilling completed at QCM during 2021.

• Jean M. Pautler, P.Geo. of JP Exploration Services Inc. has been retained to complete a

43-101 compliant report for the recently acquired Fireweed project. This report will help

better define the geological setting and allow for the development of a n exploration plan

to further advance the property. The reader is encouraged to see Kestrel’s May 5th, 2022

News Release for further details on the Fireweed project.

"We're very excited for our 2022 exploration programs to commence," commented President and

CEO Rob Solinger. "We are financed for a busy field season and look forward to seeing results

begin to flow in from our various work programs.”

About Kestrel Gold

Kestrel Gold Inc. is a gold exploration company headquartered in western Canada. The

Corporation is focused on gold exploration within the Canadian Cordillera, with an emphasis on

hardrock targets located in placer gold mining districts. Kestrel is listed on the TSX Venture

exchange under the symbol KGC. Readers are encouraged to refer to the Corporation’s website

“www.kestrelgold.com” for further information.

Forward-Looking Statements

The information and statements in this news release contain certain forward -looking information. This

forward-looking information relates to future events or the Corporation’s future p erformance including

exploration activity that could take place on the Corporation’s properties or projects. This forward -looking

information is subject to certain risks and uncertainties and may be based on assumptions that could cause

actual results to differ materially from those anticipated or implied in the forward -looking information. The

Corporation’s forward-looking information is expressly qualified in its entirety by this cautionary statement.

Except as required by law, the Corporation undertake s no obligation to publicly update or revise any

forward-looking information.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as that

term is defined in the policies of the TSX Venture Exchange) ACCEPTS RESPONSIBILITY FOR THE

ADEQUACY OR ACCURACY OF THIS RELEASE.

For further information contact:

Rob Solinger, President and CEO

Office: (403) 816-2141