Kestrel and Centerra Progress on QCM Gold Property Exploration

Kestrel Gold Inc. has announced the continuation of exploration with Centerra Gold Inc. on Kestrel's QCM gold property in British Columbia. Centerra holds an option to earn a 75% interest by investing $6.5 million in exploration and making $900,000 in cash payments by 2029. The new exploration budget is set at $3 million for 7,430 metres of diamond drilling, focusing on the Main Zone and 14 Vein areas.

The QCM property spans 8,729 hectares along a significant mineralized zone. Notable past drilling results include 2.86 g/t Au over 110.95 metres and other high-grade discoveries. Improved access due to recent logging aids exploration efforts. Kestrel retains 100% interest in the property, with Centerra's involvement enhancing potential shareholder value through these exploration activities.