KGC.V · 2024-08-01 12:00:00

Kestrel Gold – Appoints New Director & CFO, Grants Stock Options and Terminates Fireweed Option

Management Changes Share Capital & Compensation

NEWS RELEASE

Kestrel Gold – Appoints New Director & CFO, Grants Stock Options and

Terminates Fireweed Option

Calgary, AB, August 1, 2024: Kestrel Gold Inc. (“Kestrel” or the “Corporation”, TSX-V: KGC)

is pleased to announce the appointment Greg Lynch, P. Geo as a Director of the Corporation and

that Jean Sharp has been appointed Chief Financial Officer as Debbie Fern has resigned effective

July 31, 2024.

Mr. Lynch is a Professional Geologist , APEGA, with a PhD from the University of Alberta in

Economic Geology. He has over 35 years experience in resource exploration and research split

between Shell Canada, the Geological Survey of Canada, and junior mining companies focused on the

Cordillera. He is a Past President of the Canadian Society of Petroleum Geologists, and remains

engaged in mineral exploration and fieldwork in Yukon Territory.

Ms. Sharp has 35 years of experience as a controller and financial accountant with various public and

private companies. She studied financial accounting at the Southern Alberta Institute of Technology,

and business administration at the University of New Brunswick.

The Corporation would like to thank Debbie Fern for her contribution and service to the Corporation.

Kestrel also announces that Mr. Lynch and Ms. Sharp have each been granted 500,000 stock options

to purchase in the aggregate 1,000,000 common shares. All stock options have an exercise price of

$0.07 per share and will expire on July 30, 2029.

The Corporation has elected to terminate the Fireweed option agreement and will be returning the

property to the vendor.

About Kestrel Gold

Kestrel Gold Inc. is an exploration company headquartered in western Canada and focused on the

Canadian Cordillera. Kestrel has earned a 100% interest in the QCM Property which is an orogenic

gold target located in the Manson-Germanson placer district. Kestrel also owns a 100% interest in

the KSD Property which is an orogenic gold target located in the Yukon portion of the Tintina

Gold Belt. 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 performance

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

undertakes 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