Estrella Signs LOI For Estrella Gold-Silver Project  

VANCOUVER, BC - Estrella Gold Corporation has signed a Letter of Intent for the sale of 75% interest in its Estrella gold and silver property to Mines Management Inc. Mines Management is a U.S. based mineral company focused on the acquisition and exploration of silver dominant deposits with its primary goal of becoming a new mid-tier precious and base metal producer. The Estrella property contains 2,500 hectares of land within the Central Peru polymetallic belt, a region with a history of silver mining dating back to the 1500s. The property is located 130 km south of Huancayo in the Department of Huancavelica at moderate elevation with excellent access and infrastructure. The property is fully permitted for immediate drilling and advancement. The Company has established and maintained constructive community agreements with all three stakeholder communities.

The Estrella property is an advanced stage exploration project which contains volcanic-hosted epithermal gold-silver system with associated base-metal mineralization extending over a strike length of at least 1,200 meters. The property has 33 drill holes totaling 5,800 meters of drilling.