KGC.V · 2024-08-28 12:00:00

Kestrel Gold – Announces Settlement of Debt

Share Capital & Compensation

NEWS RELEASE

Calgary, AB, August 28, 2024: Kestrel Gold Inc. (“Kestrel” or the “Corporation”, TSX-V: KGC)

announces that further to its News Release s dated August 15, 2024 and August 27, 2024 , the

Corporation has issued 1,522,100 Common Shares at a deemed price of $0.03 per Common Share

in full settlement of the management fee indebtedness to Rob Solinger in the amount of $45,663.

About Kestrel Gold

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

Canadian Cordillera. Kestrel owns both a 100% interest in the QCM Property which is an orogenic

gold target located in the Manson -Germanson placer district and i n the King Solomon’s Dome

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.

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 Chief Executive Officer

Office: (403) 660-3329