Kestrel Gold Inc. Retains Macam Investor Relations

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


Kestrel Gold Inc.("Kestrel" or the "Corporation") (TSX VENTURE:KGC) is pleased
to advise that it has entered into a consulting agreement with Macam Ltd.
("Macam IR") to provide investor relation services on behalf of the Corporation,
subject to regulatory and TSX Venture Exchange ("TSXV") approval. Macam IR will
initiate and maintain contact with the financial community, shareholders,
investors and other stakeholders for the purpose of increasing awareness of
Kestrel and its activities. The services of Macam will not include market making
activities. 


The initial term of the agreement between Kestrel and Macam IR is for a one year
period subject to renewal or earlier termination by either party pursuant to the
terms of the consulting agreement. Macam IR will receive a monthly average fee
of $7,032. In addition, subject to regulatory and TSXV approval, Macam IR will
be granted 650,000 options at an average exercise price of $0.4125. The stock
options will fully vest over the next 12 months and will expire two years from
the date of issuance. 


Macam IR is a full and comprehensive provider of investor relations services
based in Calgary, Alberta. Neither Macam IR, nor any of its employees holds an
interest, directly or indirectly, in Kestrel, nor any right or intent to acquire
such an interest. 


About Kestrel Gold Inc. 

Kestrel is a gold exploration company headquartered in Canada. Its two principal
projects are the King Solomon Dome property in Canada's Yukon Territory and the
Huachi property in Argentina. Kestrel (KGC) is listed on the TSXV.


Cautionary Statements

This news release contains "forward-looking information" within the meaning of
applicable securities laws relating to regulatory and TSXV approvals for the
engagement of Macam IR. Readers are cautioned to not place undue reliance on
forward-looking statements. Forward-looking statements are based on certain key
assumptions made by the Corporation, including assumptions relating to the
satisfaction of the terms and conditions relating to obtaining regulatory body
approval. Actual results and developments may differ materially from those
contemplated by these statements depending on, among other things, the failure
of the Corporation to obtain the required approvals or clearances from
regulatory authorities. The forward-looking statements in this press release are
made as of the date of this release and the Corporation undertakes no obligation
to update publicly or revise any forward looking statements whether as a result
of new information or otherwise, except as required by applicable securities
laws. The Corporation undertakes no obligation to comment on analyses,
expectations or statements made by third parties in respect of the Corporation
or its financial or operating results or (as applicable) their securities.