Estrella Gold Corporation (CSRFF)

[chmcnfunds]

Estrella Staff Changes

VANCOUVER, BRITISH COLUMBIA, Dec 30, 2011 (MARKETWIRE via COMTEX) --

Estrella Gold Corporation CA:EST +10.00% ("Estrella" or the "Company") announces that Mr. Stanley Myers will step down as Vice President - Exploration effective December 31, 2011. Mr. Myers will continue to support the Company's programs in Peru and will consider another role upon his return from holidays. The Board wishes to express their appreciation for Mr. Myer's contributions during the past year.

About Estrella Gold Corporation CA:EST +10.00% The Company has 24.1 million shares issued and outstanding on the TSX Venture Exchange CA:EST +10.00% . Estrella is a "Prospect Generator" company focused on gold exploration and resource definition in Latin America. Estrella has forty-one exploration properties in Peru, with thirty-four held in venture agreements most in a strategic exploration alliance with Cliffs Natural Resources Exploration Inc. The Company also has a NI 43-101 compliant inferred resource containing a minimum of 313,000 ounces of oxide gold at its Colpayoc Project in Peru (from 19.3 Mt @ 0.5 g/t gold, NI 43-101 Inferred Resource, 2011 Global Geotechnologies Inc.). Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release. 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], [phone] or [phone]
[phone] (FAX)
[e-mail]

www.estrellagold.com
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http://www.marketwatch.com/story/estrella-staff-changes-2011-12-30?reflink=MW_news_stmp

CSRFF