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KGC.V ·

Kestrel GOLD Inc. Announces Resignation of CFO, Appointment of CFO and Resignation of a Director

Management Changes

NEWS RELEASE

KESTREL GOLD INC. ANNOUNCES RESIGNATION OF CFO, APPOINTMENT OF

CFO AND RESIGNATION OF A DIRECTOR

January 29, 2018 : Kestrel Gold Inc. ( the “ Corporation” or “Kestrel”) (TSX -V: KGC)

announces that Robert Solinger has resigned as the Chief Financial Officer of the Corporation, but

will remain as a director, and Brendan Reeve has been appointed to the position of Chief Financial

Officer of the Corporation.

Mr. Reeve is a n accountant with a diploma in Business Adminis tration with an option in

Accounting from Okanagan College in Kelowna, BC. He provides consulting services to

companies as well as operating his own private firm.

The Corporation also announces that Stuart W. Peterson has resigned as a Director of the

Corporation. The Corporation thanks Mr. Peterson for his past service to the Corporation.

About Kestrel Gold Inc.

Kestrel Gold Inc. holds a 100% interest in the King Solomon’s Dome project and has options to

earn a 100% interest in four gold projects totaling approximately 5,700 hectares located within

the Yukon portion of the Tintina Gold Belt, as well as four copper -gold projects in British

Columbia, Canada, north of the Red -Chris copper -goldmine, totaling approximately 7,200

hectares. Numerous mineralized occurrences exist on these various properties and each has an

excellent data base from previou s work. Kestrel’s proposed 2018 work programs will focus on

further enhancing the value of these projects.

For further information contact:

Kevin Nephin, President and CEO

Office (604) 799-2456

[email protected]

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

in the policies of the TSX Venture Exchange) a ccepts responsibility for the adequacy or

accuracy of this release.