Kestrel Gold Inc. announced results of the Corporation's 2021 reverse circulation ("RC") drill program completed on the QCM property. The program, comprising 992.38 metres in nine holes, provided infill drilling within, and confirmed the potential for northwest strike extensions to, the QCM Zone. The QCM Zone is a road accessible, near surface, bulk tonnage gold target consisting of replacement and vein style mineralization within carbonate altered and pyritic volcanic greywacke and argillite.

Broad intervals of gold-bearing mineralization and alteration were intersected in all holes completed, with peak values of 0.847 g/t Au over 152.44 metres including 3.665 g/t Au over 16.77 metres found within hole 7. The gold bearing intervals within holes 1 and 2 provide confirmation that the QCM Zone remains open beyond the northwestern limits of the historical drill array. Holes 3 (240° Azimuth) and 7 (180° Azimuth) were drilled from the same pad and at the same -45° dip. The overall higher gold values found within hole 7 may be attributed to the presence of narrow gold bearing shears trending approximately 240° Azimuth which would be intersected by hole 7 but which trend parallel to hole 3 and were therefore likely missed.

The program tested an approximate 350 metre strike length of the QCM Zone. True widths of the reported intervals are unknown. Holes QCM21-3, 4, 5 and 7 bottomed in 1.52 metre intervals grading 0.13 g/t Au, 0.38 g/t Au, 0.56 g/t Au and 1.02 g/t Au respectively.

Due to poor ground conditions, holes QCM21-1, 3, 5, 6 and 8 were terminated before their planned target depth of approximately 160 metres.