Kestrel Gold Inc.
TSX VENTURE : KGC

November 29, 2010 18:37 ET

Kestrel Gold Retains Javelin Partners As Corporate Development Advisors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2010) -

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.

Kestrel Gold Inc. (the "Corporation") (TSX VENTURE:KGC) is pleased to announce the commencement of a 12 month engagement period wherein Javelin Corporate Development Partners Inc. ("Javelin" or "Javelin Partners") of Toronto, Ontario will take on the role of development advisor to the Corporation. Services to be spearheaded by Javelin include; corporate strategy forecasting, the creation of marketing materials, news flow planning, investor relations consulting, etc. Such services will not include market making activities.

In consideration of the services to be provided, the Corporation has agreed to pay out of general working capital a monthly retainer of $10,000 to Javelin over the engagement period. In addition, the Corporation has granted Javelin options to purchase 300,000 common shares of the Corporation at an exercise price of $0.86 per common share, subject to regulatory approval. Such options shall be subject to such restrictions as to term, vesting and applicable hold periods as required by applicable regulatory bodies.

About Javelin Partners

Javelin Corporate Development Partners is a Toronto based mining industry consulting firm that assists junior resource companies in effectively communicating their stories to the market. Clients are selected in instances where Javelin has identified opportunities to unlock and expose previously unrealized shareholder value. Launched in October 2010, the Javelin team is headed by Jed Richardson, Principal. 

About Kestrel Gold Inc

Kestrel recently listed on the TSX-V and is committed to acquiring, exploring and developing precious metal projects in North and South America. The Corporation has an experienced and committed board of directors and the financial ability to aggressively meet its objectives.

Cautionary Statements

This news release contains "forward-looking statements" within the meaning of applicable securities laws relating to obtaining regulatory body approval of matters discussed herein. 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 regarding the satisfaction of terms and conditions relating to obtaining regulatory body approval. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the parties will not proceed with the option, and that the option will not be successfully completed for any reason, including the failure to obtain the required approvals or clearances from regulatory authorities. 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.

Contact Information