Estrella Gold Clarifying/Retracting Its Technical Disclosure on the Website

Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") has
updated its technical disclosure on its website and retracted certain documents.


As a result of a review by the British Columbia Securities Commission, the
Company is issuing the following news release to clarify its disclosure.


The Company performed a review of all its technical disclosure on the Company's
website and determined that certain of its previously disclosed fact sheets and
corporate presentations were not completely in compliance with National
Instrument 43-101 Standards of Disclosure for Mineral Properties (NI 43-101). 


In the Company's May 2012 technical presentation, the Company inappropriately
disclosed an economic analysis including cash flow and Net Present Value
estimates from its Colpayoc property in Peru. This disclosure violated National
Instrument 43-101, Part 2.3(1)(b), that states that "An issuer must not disclose
the results of an economic analysis that includes or is based on inferred
mineral resources or an estimate permitted under 2.3(2) or section 2.4". The
Company hereby retracts the disclosure of the economic analysis, including the
cash flow and NPV analysis. In addition, the Company was in violation of
National Instrument 43-101, Part 2.3(3) as this economic analysis (i.e. cash
flow and NPV) was not supported by a preliminary economic assessment (i.e. PEA).
The Company does not intend on completing a PEA in the foreseeable future. The
Company has deleted these estimates and removed all such references to these
estimates from our presentations and website. The Company's only NI 43-101
report on the Colpayoc property is the "Colpayoc Gold Project Technical Report
dated December 21, 2011" and this report remains current and is available on the
Company's website. 


The definition of a "preliminary economic assessment" in NI 43-101 is "a study,
other than a pre-feasibility study or feasibility study, which includes an
economic analysis of the potential viability of mineral resources". The
Company's estimates do not meet the conditions and definition of a preliminary
economic assessment. Given that a preliminary economic assessment was never
prepared, the investors should not rely on these estimates in this earlier
presentation. 


In addition, the Company did not specify the category of the gold resource in
its Colpayoc property on its website, more specifically in its July 2012 and
January 2013 fact sheets and technical and corporate presentations. The Company
corrected such deficiencies by retracting these disclosures and updated the
website with the latest fact sheet and corporate presentation, clearly
identifying that the estimated resource at the Colpayoc property is all in the
"inferred" category. The Company also retracted all other resource information
on its adjacent properties that the Company did not have proper references.


The definition of "Inferred Mineral Resource" is that part of a mineral resource
for which tonnage, grade and mineral content can be estimated with a low level
of confidence. It is inferred from geological evidence and assumed but not
verified geological/or grade continuity. It is based on information gathered
through appropriate techniques from location such as outcrops, trenches, pits,
workings and drill holes which may be of limited or uncertain quality and
reliability.


The Company further retracted its technical presentation on the La Estrella
property that could be misinterpreted as a potential exploration target which
was unsupported since the volume and grade disclosed in the earlier presentation
were conceptual in nature only. The Company failed to provide the necessary
cautionary language needed in the earlier disclosure. The current presentation
and website have removed such disclosure completely.


The Company also corrected some potentially misleading disclosure in our earlier
fact sheets and presentations related to the Colpayoc property such as "minimum
gold resource", "+313,000 oz Gold" and "the resource can be rapidly increased"
by retracting such disclosures and updating our website with the latest fact
sheet and corporate presentation. The Company's estimated resource estimates are
in the "inferred" category and due to the low level of confidence, such resource
number can be increased or decreased.


Finally, the Company did not disclose who the qualified person was approving the
technical information on its website and certain presentations. The Company's
former Chief Executive Officer was the qualified person reviewing the previously
disclosed technical information. The Company has since corrected this deficiency
by updating its website as well as its fact sheet and presentation to clearly
identify that our newly appointed Chief Executive Office is the qualified person
who has approved, prepared or supervised the preparation of the revised
technical information.


About Estrella Gold Corporation (TSX VENTURE:EST) - Exploration is risky and
Estrella is seeking to increase the chances of success as a "Prospect Generator"
focused on gold exploration in Latin America. Estrella identifies and acquires
new mineral properties, and then conducts initial, low-cost exploration to
define a potential new deposit. Once defined, Estrella forms joint ventures with
other companies that will provide funding and reduce Estrella's risk and
expenditures. The Prospect Generator business model allows Estrella to
aggressively seek a major discovery. Estrella has twenty-three (23) active
exploration properties in Peru, with five (5) held in venture agreements. The
Company has 31.6 million shares issued and outstanding, and is listed on the TSX
Venture Exchange (TSX VENTURE:EST). 


Mr. John R. Wilson, BSc. MS., is a Qualified Person for the purposes of National
Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian
Securities Administrators, and has prepared, reviewed and verified the technical
information contained in this news release. Further information is available at
Estrella Gold's website: www.estrellagold.com.


STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION,
INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR
EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING
STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS
AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT,
ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING
STATEMENTS. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Estrella Gold Corporation
John R. Wilson
President and CEO
[phone]
[phone] (FAX)
www.estrellagold.com