EST

Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company")
announces that Cliffs Natural Resources Exploration Inc., a wholly owned
subsidiary of Cliffs Natural Resources Inc. (NYSE:CLF)(PARIS:CLF) ("Cliffs"),
has released the Henry Sur property under the Alliance Agreement. The Henry Sur
project was identified as a "Target" under the Alliance Agreement with Cliffs in
2012 and is comprised of 16 concessions totaling 11,600 hectares. 


Mr. John R. Wilson, President and CEO of Estrella, commented, "Although Cliffs
has decided not to proceed with the Henry Sur Project, we continue to believe
that the property has the potential for the discovery of a major copper skarn
system with by-product gold, zinc and lead. As such, the Company plans to either
continue work on the property or to look for a qualified Joint Venture partner
for the property. In our mind, the project continues to offer significant
potential for increasing Estrella shareholder value, and we look forward to
getting good exploration results in the future." 


The Henry Sur property is located in Departamento Ica approximately 30
kilometers east of the town of Chincha Alta, and currently, the Company is
preparing a complete data package to offer to potential qualified partners. 


Geologically, the prospect is comprised of limestone and clastic sedimentary
rocks which has been intruded by Cretaceous granodiorite (Coastal Batholith) and
locally diorite. The limestone sequence trends northwesterly and is up to 5 km
wide and a minimum of 15 km long. The sedimentary sequence probably represents a
mega roof pendant within the coastal batholith, and it is estimated to be a
minimum of 300 meters thick.


To date, the entire property has been mapped at a scale of 1:10,000, and a total
of 160 surface rock-chip samples have been collected. The majority of these
samples were taken within skarn zones at or near to the limestone/granodiorite
contact. 


Work to date has identified two areas of significant interest: the Abrapata Zone
and the Catalina Zone. The Abrapata Zone is approximately 2.5 kilometers long
and 1.0 kilometer wide and contains approximately 30, relatively small zones of
garnet-(+/-pyroxene) skarn. The skarn bodies generally occur at the contact
between the limestone and the adjacent granodiorite, and they range from a few
meters up to approximately 30 meters wide and have a maximum strike length of
150 meters. Grades within this zone range up to 0.79 percent copper and 0.20
percent zinc, with more erratically distributed silver (up to 117 gpt), lead (up
to 0.27 percent), gold (0.24 gpt), and molybdenum (up to 353 ppm). The Catalina
Zone is approximately 2.5 kilometers long and 1.0 kilometer wide and contains
24, relatively small zones of garnet-(+/-pyroxene) skarn. These skarn bodies
range up 10 meters wide and they have a maximum strike length of 30 meters.
Grades within this zone range up to 6.1 percent copper and 6.6 percent zinc,
with more erratically distributed silver (up to 271 gpt), lead (up to 7.1
percent), gold (0.3 gpt), and molybdenum (up to 451 ppm).


In addition to the copper skarn potential of the Henry Sur property, it should
be noted that a small quartz-veined granodiorite dike was identified within the
limestone during the mapping/sampling program. This dike contains 0.16 percent
copper and 0.45 gpt gold, and although this is a relatively minor occurrence, it
is possible that this style of mineralization may indicate that a
copper-gold-type system may be present at depth.


About Estrella Gold Corporation (TSX VENTURE:EST) Mineral exploration is
inherently risky and Estrella increases the chances of success as a "Prospect
Generator" focused on gold exploration in Latin America. Estrella identifies and
acquires new mineral properties, conducts initial, low-cost exploration to
define a potential new deposit and then forms joint ventures with other
companies that will provide funding for more advanced exploration. Estrella has
four properties optioned out or held in joint venture agreements. The Company
has 31.6 million shares issued and outstanding, and is listed on the TSX Venture
Exchange (TSX VENTURE:EST). 


www.estrellagold.com.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. STATEMENTS IN THIS NEWS RELEASE,
OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE
COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE
FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS
ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN
RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY
MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Estrella Gold Corporation
John R. Wilson
President and CEO
(604) 687-3520
(888) 889-4874 (FAX)


Estrella Gold Corporation
Sandrine Lam
Shareholder Communications
(604) 687-3520
(888) 889-4874 (FAX)
www.estrellagold.com

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