Kestrel Gold Announces Completion of Acquisition for 100% Interest in the QCM Property

Kestrel Gold Inc. proudly declared the fulfillment of all conditions to entirely obtain the QCM Property from Bernard Kreft. The company satisfied the remaining cash payment and common share issuances, successfully exercising the QCM Property Option Agreement. Positive drill results and a robust gold market encouraged Kestrel to accelerate this process. The finalized transaction included a $100,000 cash payment and the issuance of 2,500,000 Kestrel common shares to Kreft, amounting to overall consideration of $75,000.

Before this transaction, Bernard Kreft held a 9.99% share, directly and indirectly in Kestrel, on an undiluted basis and 10.30% on a partially diluted basis. Post-acquisition, Kreft's investment rose to approximately 12.14% of Kestrel's outstanding common shares undiluted and 12.43% on a partially diluted basis. Kreft reiterated his long-term investment view, hinting at possible future transactions based on market conditions and strategic considerations. The acquisition aligns with regulations under Section 2.13 of National Instrument 45-106 for Prospectus and Registration Exemptions.

Following the acquisition, Kestrel Gold strengthens its portfolio, increasing its control over the promising QCM Property. The move demonstrates Kestrel's aggressive stance on expanding its stake in significant mining properties, supported by earlier favorable drilling results and an optimistic outlook for gold prices.