Kestrel Gold Inc. announced the election of a new director of the Corporation on March 15, 2013, the appointment of a new Corporate Secretary of the Corporation and the appointment of members of the Compensation Committee and the Audit Committee of the Corporation, effective March 15, 2013. At the annual and special meeting of the holders of common shares of the Corporation, held on March 15, 2013, Timothy J. Termuende did not stand for re-election as a director of the Corporation. In his place, Michael J. Perkins was elected as a member of the Corporation's board of directors.

Subsequent to his appointment as a director, Mr. Perkins resigned as Corporate Secretary of the Corporation and, effective March 15, 2013, Debbie Fern was appointed as Corporate Secretary. Mr. Perkins is a senior partner with Borden Ladner Gervais LLP, Barristers and Solicitors and has practiced law in the area of securities and capital markets, natural resources, and corporate and commercial law for in excess of 30 years. The directors of the Corporation appointed Kevin V. Nephin, Michael J. Perkins and Marc J. Stachiw as members of the Compensation Committee and the Audit Committee of the Corporation, effective March 20, 2013.