Kestrel Partner Centerra Drilling Results at QCM Gold Property

CALGARY, AB / ACCESS Newswire / October 10, 2025 / Kestrel Gold Inc. ("Kestrel")(TSXV:KGC) provides an update on ongoing drilling program by Centerra Gold Inc. ("Centerra", TSX:CG or NYSE:CGAU) at Kestrel's 100% owned QCM property located in the Manson-Germanson area of central British Columbia.

The QCM project is comprised of 8,729 hectares, centered over a 15-kilometre NW-SE striking segment of the Manson Fault Zone. Centerra holds an exclusive option to earn a 75% interest in QCM by making cash payments totalling $900,000 and completing $6,500,000 in exploration work, which must include a minimum of 13,500 metres of drilling, by May 7th, 2029.

A total of 7,276 m of diamond drilling was completed between 25 May- 29 September. Drilling focused on two areas of interest, located approximately 7 km apart. Drilling at the Main Zone was designed to validate historical results, test for preferred vein orientations, and step out along strike. Sixteen holes (4,455 m) were completed at the Main Zone (Figure 1; Table 1). Drilling at the 14 Vein was designed to step out along strike from historical results and test additional anomalies. Fourteen holes (2,821 m) were completed at the 14 Vein (Figure 2; Table 1). Partial assay results are now available for the Main Zone. Remaining results from the Main Zone and 14 Vein will be the subject of an upcoming news release once available. Drilling continues with up to an additional 2,500 m to be completed following up on new results at the Main Zone.

Figure 1. Main Zone 2025 drill hole locations

Figure 2. 14 Vein 2025 drill hole locations

Table 1. Drill collar details