Estrella Gold Corporation (CSRFF)

[chmcnfunds]

Estrella Appoints New CFO and Sets Up New Office

VANCOUVER, BRITISH COLUMBIA, Oct 03, 2011 (MARKETWIRE via COMTEX) --

Estrella Gold Corporation CA:EST -1.43% ("Estrella" or the "Company") is relocating its corporate office to Vancouver, British Columbia effective October 1, 2011. The Board of Directors of the Company has appointed Ms. Winnie Wong, CA, as the new Chief Financial Officer and Corporate Secretary, and has established a management contract with Pacific Opportunity Capital Ltd. ("POCL"). Ms. Wong is the Vice President of Client Services at POCL, a firm the Company has retained to provide financial management and accounting services. Following her graduation from Queen's University, Ms. Wong worked with Deloitte & Touche where she earned her Chartered Accountant designation. Ms. Wong also acts as the CFO and Corporate Secretary a number of TSE and TSX Venture Exchange companies including Rare Element Resources Ltd., Animas Resources Ltd. and Avrupa Minerals Ltd.

The Board of Directors wishes to express their sincere appreciation to Khurram Qureshi who diligently served as the Company's CFO, and to Michelle Carreau, the Company's corporate secretary, who both have helped Estrella for several years. Keith Laskowski, president of Estrella commented: "We are grateful to our outgoing officers for their dedicated service as the Company focus's its program in Vancouver, closer to our investor base and markets. We look forward to working with Winnie and her team at POCL and the new opportunities that her involvement brings to Estrella." The Board of Directors have granted 170,000 incentive stock options on October 3, 2011 to one new officer and one new employee. The stock options have an exercise price of $0.74 per share and vest quarterly over an 18 month period, expiring on October 3, 2014. All options granted and any common shares issued upon the exercise of the options will be subject to a statutory four month hold. The granting of the options is subject to regulatory approval.

About Estrella Gold Corporation CA:EST -1.43% : Estrella Gold is a "Prospect Generator" company focused on gold exploration and resource definition in Latin America. Estrella Gold has six precious metal exploration projects in Peru. The Company has a minimum of 144,000 ounces of gold at its Colpayoc Project in Peru (NI 43-101 Inferred Resource) and is expanding its gold resource inventory and also making new gold discoveries.. The Company has 23.7 million shares issued and outstanding on the TSX Venture Exchange (tsx venture:EST). Further information is available at Estrella Gold's website: www.estrellagold.com .

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.

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.

Contacts:
Estrella Gold Corporation
Keith Laskowski
President, MSc., QP
Direct: [phone] or [phone]
[phone] (FAX)
[e-mail]

www.estrellagold.com

SOURCE: Estrella Gold Corporation

mailto: [e-mail]

http://www.estrellagold.com

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http://www.marketwatch.com/story/estrella-appoints-new-cfo-and-sets-up-new-office-2011-10-03-931210?reflink=MW_news_stmp

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