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Kestrel Gold Retains Javelin Partners as Corporate Development Advisors

November 29, 2010 – Vancouver, British Columbia: Kestrel Gold Inc. (the “Corporation”) (TSXV: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 Kestel Gold Inc.

Kestrel is listed on the TSX-V and is committed to the acquisition, exploration and development of precious metal projects in North and South America. It has an experienced and committed board of directors and the financial ability to aggressively meet its objectives. Technical aspects of this news release have been reviewed and approved by Tim J. Termuende, P.Geo., hereby designated as a qualified person under National Instrument 43-101.

On behalf of the Board of Directors

Signed,

“Kevin Nephin”

President and CEO

For further information, please contact Kevin Nephin at 604-824-6056 or 604-799-2456
Email: kvnephin@telus.net or visit our website at kestrelgold.com

Cautionary Statements
This news release contains "forward-looking statements" within the meaning of applicable securities laws relating to planned exploration activities properties in the Yukon Territory. 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 availability of equipment and funds to complete future exploration activities. Actual results and developments may differ materially
from those contemplated by these statements depending on, among other things, the risks that the Corporation will not proceed with exploration activities for any reason. 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.

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