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Kestrel Partner Centerra to Continue Exploration at Kestrel's QCM Gold Property

1. Centerra Gold will explore Kestrel's QCM property for another year. 2. They have an option for a 75% interest contingent on payments and drilling.

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FAQ

Why Bullish?

The continued investment and exploration efforts signal confidence in resource potential. Historically, similar exploration announcements have positively influenced stock prices in the mining sector.

How important is it?

The exploration commitment and financial investments may significantly affect CGAU's future resource base and investor perceptions.

Why Long Term?

The metrics involved extend until 2029; exploratory results can affect CGAU's valuations. Previous explorations have demonstrated that long-term projects gradually build investor confidence.

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KGCGFIAUY
CALGARY, AB / ACCESS Newswire / April 17, 2025 / Kestrel Gold Inc. ("Kestrel" or the "Corporation", TSX-V:KGC) is pleased to announce that Centerra Gold Inc. ("Centerra", TSX:CG)(NYSE:CGAU) will be returning for a second year of exploration on Kestrel's QCM gold property ("QCM") located in the Manson-Germanson area of central British Columbia. Centerra holds an exclusive option to earn a 75% interest in QCM by making cash payments totalling $900,000 and completing $6,500,000 in exploration work, which must include a minimum of 13,500 metres of drilling, by May 7th, 2029.

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