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KGC.V ·

Kestrel GOLD Inc. Announces Debt Settlement

Share Capital & Compensation

NEWS RELEASE

KESTREL GOLD INC. ANNOUNCES DEBT SETTLEMENT

March 31 , 2017 : Mr. Kevin Nephin, President and CEO of Kestrel Gold Inc. ( the

“Corporation” or “Kestrel”) (TSX -V: KGC) is pleased to announce that further to the news

release of the Corporation on March 28, 2017, the Corporation has entered into debt settlement

agreements with certain of its creditors to settle debts owed in a total amount of $300,000 by the

issuance of a total of 6,000,000 common shares at a deemed price of $0.05 per share.

About Kestrel Gold Inc.

Kestrel Gold Inc. is a gold exploration corporation headquartered in Canada. Kestrel’s principal

property is the King Solomon Dome property, located in the Dawson Mining District, Yukon

Territory, Canada.

For further information contact:

Kevin Nephin, President and CEO

Office (604) 824-6056

[email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined

in the policies of the TSX Venture Excha nge) accepts responsibility for the adequacy or

accuracy of this release.