QCM Gold Property Gold Zone Mineralization Confirmed

CALGARY – Kestrel Gold Inc. reported on the drilling program completed on the Main Zone and 14 Vein zones at its QCM Gold Property, located in the Manson-Germansen area, approximately 240 kilometres northwest of Prince George, British Columbia, Canada.
Pat Lynch, President and CEO,said, “We are strongly encouraged by the potential for QCM to host significant mineralization in both Main Zone and 14 Vein and Centerra’s continued project evaluation to pursue the full earn-in Option agreement. The 2025 results extending Main Zone to a 500 metre strike length, open to the north, northwest and down dip are particularly encouraging. The 2025 results for 14 Vein are the first extensive drilling completed and hold strong evidence for parallel zones and to increase extents in future testing. The early stage >90% gold recovery tests demonstrated in 24-hour bottle roll tests suggest the gold is easily liberated and we look forward to further testing.”
During the 2025 field season Centerra, the project operator, was responsible for planning and execution, completing 9,110.5 metres of diamond drilling in 36 drill holes. At Main Zone, 22 diamond drill holes were completed for 6,305.5 metres and at 14 Vein, 14 diamond drill holes were completed for 2,805.00 metres.
Two zones of gold mineralization have been discovered to date at the QCM Property, the Main zone and 7.5 kilometres to the northwest, the 14 Vein. The initial drilling and discovery at 14 Vein were completed in nine Reverse Circulation (“RC”) drill holes totaling 1,124 metres in 2024. The main purpose of the 2025 diamond drilling was to extend both these discovered zones of mineralization. Main Zone gold mineralization is associated with quartz-ankerite-sulfide veins and veinlets in quartz-sericite-ankerite-albite altered greywacke and tuff assigned to the Takla Group. The 14 Vein gold mineralization is associated with quartz-ankerite-sulfide veins and veinlets in quartz-sericite-ankerite-albite altered greywacke and schist assigned to the Big Creek Group. The two zones are separated by the Manson Creek fault.
The best 2025 results were from QCM-25-006 and returned up to 137.0 metres at 0.522 g/t Au from 136.00 metres. QCM-25-035 returned multiple zones of mineralization at 74 metres and 216 metres depth and up to 72 metres at 0.591 g/t Au from 319 metres depth. This drill hole tests the NW extension which remains open.
Drilling confirmed continuity of broad, lower-grade mineralization hosting discrete higher-grade intervals. Drill results delineate a NW trending zone 500 metres along strike length by 200 metres width and 270 metres depth and is open to the northwest and depth. The zone of mineralization is defined to the north by Takla Sediments and the east by an interpreted fault. Mineralization is open to northwest and depth. Mineralization occurs as multiple sub-parallel vein sets and stockworks with strong structural control.