Estrella Gold Corporation's (TSX VENTURE:EST) ("Estrella" or the "Company") has
terminated its two option agreements for the Colpayoc gold project, located 12
km southwest of the Yanacocha gold mine in northern Peru.


In consideration of recent social issues at gold mines nearby and the very high
costs of holding this project, the Company terminated its earn in agreements
with the two claim holders but will remain in contact with them should
conditions change in the future. The claim holders can now option or sell the
projects to third parties and Estrella has no further claims on the project. 


Mr. John R. Wilson, President and CEO of Estrella commented, "The Company will
now move ahead and focus its resources on advancing its projects in southern
Peru as well as exploring for more prospects in this part of the country where
the environment for discovery of potentially economic projects is more
favourable."


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
twenty-two (22) 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
(604) 687-3520


Estrella Gold Corporation
Sandrine Lam
Shareholder Communications
(604) 687-3520
(888) 889-4874 (FAX)
www.estrellagold.com

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