KGC Kestrel Gold Inc

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.


Mr. Kevin Nephin, the President and CEO of Kestrel Gold Inc. ("Kestrel" or the
"Corporation") (TSX VENTURE:KGC) is pleased to announce several recent
developments related to the Corporation.  


In respect of the Corporation's previously announced option to acquire a 100%
interest in the King Solomon's Dome, Gold Run Creek and Dominion Mountain
properties pursuant to an Option Agreement, dated October 31, 2010 between
Bernie Kreft and J.A.E. Resources Ltd. as Optionor and the Corporation as
Optionee, as amended, the Corporation and the Optionor have agreed to amend
certain terms of the Option Agreement related to the consideration payable under
the Option Agreement to acquire the Gold Run Creek and Dominion Mountain
properties. Specifically, the Optionor has agreed that in lieu of the
Corporation paying the Optionor the sum of $110,000 cash on or before September
20, 2013, as a further instalment to acquire the Gold Run Creek and the Dominion
Mountain properties, such instalment payment has been restructured to allow for
the payment of $27,500 to the Optionor on or before September 20, 2013 and the
issuance of 1,100,000 common shares of the Corporation at a deemed issue price
of $0.05 per common share and an aggregate amount of $27,500 on or before
October 20, 2013, subject to regulatory body approval. 


Restructuring of the foregoing instalments under the Option Agreement will allow
the Corporation to continue exploration of the King Solomon's Dome property in
conjunction with Rackla Metals Inc. (previously announced on September 10, 2013)
and to continue to earn an interest in the Gold Run Creek and the Dominion
Mountain properties under the Option Agreement at the same time. 


In addition to the foregoing, the Corporation proposes to issue a series of
$300,000 3% convertible secured debentures ("Debentures"), subject to regulatory
body approval. The Debentures are anticipated to be issued in the principal
amount of $300,000, bear simple interest at a rate of 3% per annum, mature two
years after the date of issue, secured with a floating first charge against all
of the assets and undertakings of the Corporation and shall be convertible at
any time and from time to time up to the time of maturity at the option of the
holders of the Debentures, into units of the Corporation ("Units") at a deemed
issue price of $0.05 per Unit. Each Unit shall consist of one common share and
one-half of one (1/2) share purchase warrant ("Warrant"). Each full Warrant
shall entitle the holders thereof to purchase one additional common share of the
Corporation at an exercise price of $0.10 per common share on or before two
years following issuance of the Debentures. 


All of the proceeds of the Debentures have been advanced to the Corporation and
have and will be used for general working capital purposes of the Corporation
and obligations of the Corporation under the Option Agreement. 


About Kestrel Gold Inc. 

Kestrel Gold Inc. is a gold exploration corporation headquartered in Canada.
Kestrel Gold (Trading Symbol: KGC) is listed on the TSX Venture Exchange Inc.
Kestrel, in conjunction with Rackla Metals Inc. will be the first to diamond
drill at the King Solomon Dome's property which is the high point of a prominent
topographical feature from which some of the richest producing placer gold
creeks of the great Klondike gold rush (to the present day), find their
headwaters. Kestrel's principal properties include King Solomon's Dome, Gold Run
Creek and Dominion Mountain, located in the Dawson Mining District, Yukon
Territory, Canada. 


Cautionary Statements

This news release contains "forward-looking information" within the meaning of
applicable securities laws relating to certain financing activities, including
the contemplated completion of a private placement of Debentures. 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 related to obtaining sufficient financing to
complete the private placement and other resources to carry out any future
exploration activities of the Corporation. Actual results and developments may
differ materially from those contemplated by these statements depending on,
among other things, the ability of the Corporation to obtain the funds to
complete the private placement. 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.


The TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kestrel Gold Inc.
Kevin Nephin
President & CEO
(604) 824-6056
kvnephin@gmail.com
www.kestrelgold.com

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