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KGC.V ·

Kestrel GOLD Inc. Announces Reinstatement ON TSXV

Corporate Updates

NEWS RELEASE

KESTREL GOLD INC. ANNOUNCES REINSTATEMENT ON TSXV

March 14, 2017: Mr. Kevin Nephin, President and CEO of Kestrel Gold Inc. (the

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

Exchange has advised that the Common Shares of the Corporation will be re-instated for trading

on March 15, 2017.

Subject to acceptance by the TSX Venture Exchange, the Corporation intends to undertake debt

settlements with its creditors in exchange for common shares of the Corporation. The Corporation also

intends to undertake a financing to enable it to carry on its business and continue with its exploration

activities.

The Corporation also announces that effective on the date of re-instatement of trading, Mr. Rob

Solinger will be appointed as a director and as Chief Financial Officer of the Corporation. Mr. Solinger

is a chartered accountant, with over 30 years of finance experience in a variety of industries, including

junior oil and gas, technology and financial services.

The board of directors of the Corporation will consist of Kevin Nephin (who will continue as President

and Chief Executive Officer, Rob Solinger (who will be Chief Financial Officer), Scott Kellaway and

Stuart Peterson. Kevin Nephin, Scott Kellaway and Stuart Peterson will constitute the Audit

Committee. Scott Kellaway and Stuart Peterson will be independent directors on the board and on the

Audit Committee.

About Kestrel Gold Inc.

Kestrel Gold Inc. is a gold ex ploration 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 Exchange) accepts responsibility for the adequacy or

accuracy of this release.