Estrella Gold Increases Private Placement to $600,000

Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is
pleased to announce that the non-brokered private placement offering announced
on April 29, 2014 and May 7, 2014 has been over-subscribed. Estrella has
increased the offering from $500,000 to $600,000 or 12,000,000 units and the
offering is fully subscribed. 


Certain strategic shareholders decided to increase their positions significantly
and this has oversubscribed the financing. All of these shareholders have been
long term investors in Estrella and supporters of the prospect generator model
which Estrella follows.


Estrella will use the proceeds on several strategic fronts which include:



(i) continuing Joint Venture negotiations on current projects;              
(ii) new project generation;                                                
(iii) adding value to current projects; and                                 
(iv) for working capital and general corporate purposes.                    



Each Unit is comprised of one common share and one non-transferable warrant
(each a "Warrant"). Each Warrant entitles the holder to purchase one common
share at an exercise price of $0.10 per share for three years following the date
of the closing. The money from the Offering is in and the Offering will close
upon receiving the TSX Venture Exchange final acceptance.


The securities issued pursuant to the Offering will all be subject to a 4 month
regulatory hold period commencing from the date of closing. 


About Estrella Gold Corporation (TSX VENTURE:EST)

Mineral exploration is inherently risky and Estrella increases the chances of
success as a "Prospect Generator" focused on gold exploration in Latin America.
Estrella identifies and acquires new mineral properties, conducts initial,
low-cost exploration to define new targets and then seeks joint ventures with
other companies to fund more advanced exploration. Estrella has two properties
optioned out or held in joint venture agreements. The Company is listed on the
TSX Venture Exchange (TSX VENTURE:EST). Mr. John 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 reviewed
and verified the technical information contained in this news release.


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. 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
Jason Weber
President and CEO
[phone]


Estrella Gold Corporation
Sandrine Lam
Shareholder Communications
[phone]
[phone] (FAX)
www.estrellagold.com