Estrella Gold Corporation
TSX VENTURE : EST

Estrella Gold Corporation

December 15, 2010 08:00 ET

Estrella Gold Appoints Stan Myers as Vice President for Exploration

TORONTO, ONTARIO--(Marketwire - Dec. 15, 2010) - Estrella Gold Corporation (TSX VENTURE:EST)("Estrella" or the "Company") is pleased to announce the appointment of Mr. Stanley A. Myers as Vice President – Exploration. Mr. Myers is a highly motivated, successful, and respected precious metals geologist with more than 23 years of experience in the Americas, including 16 years in Latin America, mainly in Peru.

Stan brings a wealth of successful exploration experience to Estrella. Stan worked with Newmont in South America from 1994-2006 in a variety of senior management roles, including Exploration Manager for the Yanacocha District in 1997-2000 where he was instrumental in guiding the team to discover two new multi- million ounce deposits, as Regional Geologist for the Andes from 2001-2004 and as Project Manager for the Nassau Project in Suriname in 2004-2006, where the teams also achieved significant success. He also served as Director of Exploration for Southwestern Resources, which was taken over by Hochschild Mining PLC in 2009 and, most recently, Vice President of Operations for Latin Resources in Peru.

Mr. Myers received his Bachelor of Science degree (1987) and his Master of Science degree in Geology (1992) from the University of Idaho. Keith Laskowski, President of Estrella, commented; "We are very fortunate and grateful to have Stan join us at Estrella. His experience and knowledge is perfectly aligned with the strategies and goals of Estrella. We look forward to supporting his programs and ideas as we explore for gold in Latin America." Mr. Myers will continue to be based in Peru and will be responsible for all of the Company's exploration programs in Peru, Chile, and the Dominican Republic.

About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is a "Prospect Generator" focused on gold in Latin America. The Company's dual strategies focus on 1) generating new prospects/discoveries and 2) increasing the Company's inventory of gold resource ounces. Estrella has a NI 43-101 compliant inferred gold resource of 144,600 ounces at its Colpayoc project in Peru, and additional historic non-compliant gold resources. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has 16 million shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com

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.

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