EST

Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is
pleased to announce that Mark T. Brown has been appointed Interim President and
CEO. Mr. Brown was appointed a director of the Company in July 2011 and has
assisted Estrella in completing the last two financings. Mr. Brown has been
involved in the public company markets for the past 18 years focussing on the
financing aspects of the junior resource market. He was the founder of Rare
Element Resources Ltd. and has raised all of the funds for Rare Element since
inception. Mr. Brown has been an officer and director of several successful
companies and invests in those companies through Pacific Opportunity Capital
Ltd. which also provides M&A consulting services, raises funds, and provides
financial management services.


Mr. Keith Laskowski has stepped down from his positions as Director, President
and CEO of the Company to accept an appointment with the International Finance
Corporation, a division of the World Bank, based in Washington D.C. Estrella has
benefitted greatly from Mr. Laskowski's leadership and geological talents and is
pleased that Mr. Laskowski is moving into his new role which has the ability to
positively affect exploration and mining worldwide. 


Mr. Brown commented that "I will be holding the reins at Estrella until a
suitable replacement is found. It has been great to work with Keith and Estrella
has benefitted greatly in Peru from his work. While we will miss Keith at
Estrella, the group is pleased that he has been offered such a prestigious role
in mineral exploration."


About Estrella Gold Corporation (TSX VENTURE:EST)   Exploration is risky and
Estrella is seeking to increase the chances of success as a "Prospect Generator"
focused on gold exploration in Latin America. Estrella identifies and acquires
new mineral properties, and then conducts initial, low-cost exploration to
define a potential new deposit. Once defined, Estrella forms joint ventures with
other companies that will provide funding and reduce Estrella's risk and
expenditures. The Prospect Generator business model allows Estrella to
aggressively seek the next major discovery. Estrella has twenty-three (23)
active exploration properties in Peru, with fourteen (14) held in venture
agreements, most in a strategic exploration alliance with Cliffs Natural
Resources Exploration Inc. Of the nine properties held 100% by Estrella, the
Company has six new epithermal gold targets, two early stage epithermal gold
targets, and the Colpayoc gold-porphyry target which has a NI 43-101 compliant
inferred gold resource containing 313,000 ounces of oxide gold (19.3 Mt @ 0.5
g/t gold, Global Geotechnologies Inc.; News Release dated 12/21/2011). The
Company has 31.7 million shares issued and outstanding on the TSX Venture
Exchange (TSX VENTURE:EST). 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Estrella Gold Corporation
Mark Brown, B Comm., CA
Direct: (604) 687-3520
(888) 889-4874 (FAX)
mtbrown@pacificopportunity.com
www.estrellagold.com

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