KGC.V · 2026-01-16 12:00:00

KESTREL GOLD INC. announces the appointment of a director and grant of options

Management Changes Share Capital & Compensation

NEWS RELEASE

Calgary, Alberta, January 16, 2026: Kestrel Gold Inc. (the “ Corporation” or “Kestrel”) (TSX-

V: KGC) announces the appointment of Duncan McBean as a Director of the Corporation.

Mr. McBean is a Professional Geologist with 35 years of experience operating and managing mining

exploration projects from discovery to feasibility and into production. His experience includes

orogenic gold deposits, diamondiferous kimberlite exploration, and lithium exploration.

The Corporation also announces the grant to Mr. McBean of options to purchase 1,000,000

Common Shares at an exercise price of $0.065 per share, which options will expire on September

15, 2030.

About Kestrel Gold Inc.

Kestrel Gold Inc. is an exploration company headquartered in western Canada and focused on the

Canadian Cordillera. Kestrel has earned a 100% interest, subject to a 2% NSR royalty with

buydown provisions, in the QCM Property which is an orogenic gold target located in the Manson-

Germanson placer district. Kestrel has also earned a 100% interest, subject to a 2.5% NSR royalty

with buydown provisions, in the KSD Property which is an orogenic gold target located in the

Yukon portion of the Tintina Gold Belt. Kestrel is listed on the TSX Venture exchange under the

symbol KGC. Readers are encouraged to refer to the Corporation’s website

“www.kestrelgold.com” for further information.

Forward-Looking Statements

The information and statements in this news release contain certain forward-looking information.

This forward-looking information relates to future events or the Corporation’s future performance

including exploration activity that could take place on the Corporation’s properties or projects.

This forward-looking information is subject to certain risks and uncertainties and may be based on

assumptions that could cause actual results to differ materially from those anticipated or implied

in the forward-looking information. The Corporation’s forward -looking information is expressly

qualified in its entirety by this cautionary statement. Except as required by law, the Corporation

undertakes no obligation to publicly update or revise any forward-looking information.

NEITHER THE 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.

For further information contact:

Pat Lynch, President and CEO

Office: (403) 660-3329