CALGARY, AB / ACCESS Newswire / August 13, 2026 / Kestrel Gold Inc. ("Kestrel" or the "Corporation") (TSXV:KGC) is pleased to provide shareholders and the investment community with an exploration update on its 100%-owned QCM Property, located in the Manson-Germanson District of British Columbia, where Centerra Gold Inc. ("Centerra") (TSX:CG)(NYSE:CGAU) is advancing an option earn-in program with CGSI as project operator. This release summarizes highlights from the 2026 surface exploration program completed in the second quarter of 2026, and from Centerra's 2025 diamond drill program, completed in the fourth quarter of 2025.

Figure 1: QCM Property overview showing the 2026 planned soil sampling grid (Priority 1-3 areas), historic gold showings, and the Main Zone / 14 Vein drill target areas. Source: Centerra Gold.

Q2 2026 SURFACE EXPLORATION PROGRAM

Following the 2025 drill program, Centerra conducted a regional soil sampling, prospecting, and structural mapping program at QCM during June 2026, focused on the historical Flagstaff showing and surrounding target areas. Field crews mobilized to site on June 9, 2026, with geological and geochemical activities conducted from June 13 to June 25, 2026.