Estrella to Enter Agreement With Buenaventura Regarding Pucarana

Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company"),
announced that its subsidiary, Gallant Minerals Peru Ltd. S.A., has signed a
Memorandum of Understanding with Compania de Minas Buenaventura S.A.A.
("Buenaventura") regarding the Pucarana property in Peru. 


Under the arrangements, Buenaventura will be in charge of planning, implementing
and developing for the exploitation of the Pucarana property and Buenaventura
will grant a 3% NSR royalty to the joint venture that will be then distributed
as to 60% to Alamos Gold Inc., 36% to Estrella and 4% to Gallant Minerals Ltd.
The parties expect the final agreement to be fully executed by mid May 2014. 


Estrella will have no further obligations with regard to the project and will
simply hold the net 1.08% NSR. In the case that gold production comes from the
property in the future, Estrella will receive 1.08% of the revenues from any
gold production from the Pucarana mineral claims, net of smelter costs. 


Mr. John R. Wilson, President and CEO of Estrella commented, "We are excited to
have Buenaventura advancing the Pucarana property on behalf of the joint
venture."


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.


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]


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