EST

Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is
pleased to announce that exploration work has begun on the Yanac Project in
October 2013 by its JV Partner. The Yanac project is located in Departamento Ica
approximately 35 kilometers northeast of the town of Chinca Alta, Peru. 


Geologically, the property is comprised of a coarse-grained granodiorite (J-K
Coastal Batholith) which has been intruded by more felsic, copper-bearing,
hypabyssal dikes and plugs. Currently, a field camp is on site at Yanac, and two
geological teams are conducting detailed and reconnaissance geological mapping
and geochemical sampling. An Induced Polarization survey is planned for later
this year, and it is hoped that the mapping/sampling and geophysical surveying
will delineate targets that can be drill tested in 2014.


The Yanac Project is a 50-50 joint venture project between Estrella Gold
Corporation and Cliffs Natural Resources Exploration Inc., a wholly owned
subsidiary of Cliffs Natural Resources Inc. (NYSE:CLF) (PARIS:CLF)  ("Cliffs").
Cliffs is required to expend a minimum of US$500,000 exploring Yanac during the
first year of the joint venture. Cliffs can acquire an additional 20% interest
in the Yanac joint venture, for a total 70% interest, by spending a minimum of
US$4,000,000 and completing 3,000 meters of drilling by February 27, 2017. If
Cliffs does not acquire the additional 20% interest, the property reverts 100%
to Estrella, subject in certain circumstances to a potential NSR royalty in
favour of Cliffs. Upon earning 70% interest, Cliffs can acquire an additional
10% interest to a total 80% interest in Yanac by completing an NI 43-101
Compliant Pre-Feasibility Study or by defining a compliant Inferred Mineral
Resource containing a minimum of 1,000,000 ounces of gold or gold equivalent,
within four years of earning its 70% interest. If Cliffs elects not to earn an
additional 10% interest, Cliffs will pay Estrella US$2,000,000 within 60 days
and the parties will fund their proportional interest, subject to conventional
dilution. If either party's interest in the Project is reduced to 10% or less,
that interest will convert to a 2% NSR royalty. 


Under the terms of the earn-in agreement, Cliffs will fund and manage all
exploration work on the Project. The Yanac project was identified as a Property
of Merit in 2011 under the Alliance Agreement with Cliffs. 


Mr. John R. Wilson, President and CEO of Estrella, commented, "We believe that
the project has the potential to host a significant porphyry copper deposit, and
we are extremely pleased that the project is moving ahead under Cliffs'
supervision. Continuing work with Cliffs on this project offers the potential
for increasing Estrella shareholder value, and we look forward to encouraging
news in the coming months."


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
four 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). 


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
(604) 687-3520
(888) 889-4874 (FAX)


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

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