Kestrel Gold Inc. Announces Issuance of Bonus Shares

NEWS RELEASE

KESTREL GOLD INC. ANNOUNCES ISSUANCE OF BONUS SHARES

March 12, 2015: Mr. Kevin Nephin, the President and CEO of Kestrel Gold Inc. (“Kestrel” or the “Corporation”) (TSX-V: KGC) announces that the Corporation has issued 350,000 bonus common shares, at a deemed price of $0.05, to an independent third party in connection with a bridge loan, as previously announced on November 7, 2014. The bridge loan has since been repaid in full. The bonus shares were issued on December 10, 2014, however, due to an oversight, a press release was not issued at that time.

All bonus shares are subject to a hold period under applicable securities laws until April 10, 2015.

About Kestrel Gold Inc.

Kestrel Gold Inc. is a gold exploration corporation headquartered in Canada. Kestrel Gold (Trading Symbol: KGC) is listed on the TSX Venture Exchange Inc. Kestrel’s principal property includes the King Solomon’s Dome property, located in the Dawson Mining District, Yukon Territory, Canada. For further information, please visit our website at www.kestrelgold.com or contact:

Kevin Nephin, President & CEO Office (604) 824-6056 [email protected]

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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.

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