Estrella Gold Regains 100% Interest in Flagship La Estrella Property

Estrella Gold Corporation's (TSX VENTURE:EST) ("Estrella" or the "Company") has
retained 100% interest in its flagship property La Estrella Gold Project after
its joint venture partner Mines Management Inc. ("Mines Management") served its
termination notice to option in 75% interest in the property on January 20,
2014.


Mr. John R. Wilson, President and CEO of Estrella commented, "Given the
historical data and the amount of excellent work performed by Mines Management
during its option period, the Company is excited to get the La Estrella Project
back. The mineral system at La Estrella is quite large, and we feel that it has
significant upside tonnage potential. Estrella will now actively move ahead on
advancing the project and initially, we will focus on reviewing the data
compiled by Mines Management over the past 2 years."


La Estrella Project

La Estrella property is comprised of approximately 2,200 hectares of land within
the Central Peru Polymetallic Belt, and is located 130 km south of Huancayo in
the Department of Huancavelica, a region with a history of silver mining dating
to the 1500's. The Project is in an area of established infrastructure, with
roads and electricity, and lies within 30 km of Minera Buenaventura's historic
Julcani Silver Mine which began operation in 1955. 


Exploration of La Estrella

In 2012, eight diamond drill holes totaling approximately 2,700 meters were
completed, seven of which intercepted significant thicknesses of gold and silver
mineralization (see News Release September 13, 2012). These intercepts expanded
the historically known area of mineralization toward greater depths on the west
and southwest side of the project's 2012 area of interest.


Because a strong positive correlation between higher grade gold mineralization
and moderate to high values of chargeability had previously been demonstrated on
La Estrella Project, a 3-D Induced-Polarization/Resistivity survey by Val D'Or
Geophysics Peru was contracted in December 2012 to February 2013 to provide
indications of mineralized trends and directions useful for exploration. The
survey identified a large, previously unknown area of anomalous chargeability
extending north and northwest from the 2012 area of interest for a distance of
approximately 1,400 meters. This new area, when combined with previously known
areas of anomalous chargeability, forms a prospective zone over 2,000 meters in
N-S extent and up to 1,100 meters in E-W extent. 


La Estrella Geology and Mineralization

La Estrella concessions cover a large area of gold-silver mineralization hosted
by a thick west-dipping dacite sill beneath a sequence of andesitic volcanic
rocks. Gold mineralization occurs as pyrite-associated disseminations in
silicified and phylically-altered dacite; also as quartz-sulfide stockworks in
brecciated or structurally-disrupted andesitic rocks. Higher-grade silver
intervals (greater than 100 gpt) occur with galena and a variety of sulfosalts
in mineralized structures cutting the dacite sill and volcanic package,
reflecting an event later than the more widespread gold-silver dacite-hosted
mineralization. To date, historic and current sampling and drilling activities
have identified a roughly tabular zone of mineralization generally conformable
to the dacite sill over 1,500 meters in strike length, 300-500 meters in width,
and 50-150 meters thick. Geophysical indications of mineralization include this
known area and extend across a strike length of 2,000 meters and up to 1,100
meters width in the central portion of the deposit. The system remains open to
the north, south, west, and at depth in the central, widest portion of the
anomalous zone. 


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 a potential new deposit and then forms joint ventures with other
companies that will provide funding for more advanced exploration. Estrella has
three properties optioned out or held in joint 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 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.


To learn more visit: www.estrellagold.com.

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
John R. Wilson
President and CEO
[phone]
[phone] (FAX)


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