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KGC.V ·

Kestrel GOLD Inc. Announces Issuance of Shares Pursuant to Settlement of Debt

Share Capital & Compensation

NEWS RELEASE

KESTREL GOLD INC. ANNOUNCES ISSUANCE OF SHARES PURSUANT TO

SETTLEMENT OF DEBT

August 31, 2020: Kestrel Gold Inc. (the “Corporation” or “Kestrel”) (TSX-V: KGC) announces

that, further to its News Release of July 29, 2020, the TSX Venture Exchange has accepted and the

Corporation has, as at August 31, 2020, issued 1,000,000 Common Shares at a deemed price of $0.035

per Common Shares in settlement of management fees in the amount of $35,000.

About Kestrel Gold Inc.

Kestrel Gold Inc. is a Canadian listed public company with its shares trading on the TSX Venture

Exchange under the symbol “KGC”. The Company’s registered and head office is Suite 208, 110

- 12th Avenue SW, Calgary, Alberta, T2R 0G7.

Kestrel is a resource exploration stage company engaged in the acquisition and exploration of

mineral properties.

For further information contact:

Robert Solinger, President and CEO

Phone: (403) 816-2141

[email protected]

Neither 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.