Vancouver, Canada, April 19, 2013 -- Estrella Gold Corporation's (TSX V: EST) ("Estrella" or the "Company") has terminated its two option agreements for the Colpayoc gold project, located 12 km southwest of the Yanacocha gold mine in northern Peru.

In consideration of recent social issues at gold mines nearby and the very high costs of holding this project, the Company terminated its earn in agreements with the two claim holders but will remain in contact with them should conditions change in the future. The claim holders can now option or sell the projects to third parties and Estrella has no further claims on the project.

Mr. John R. Wilson, President and CEO of Estrella commented, "The Company will now move ahead and focus its resources on advancing its projects in southern Peru as well as exploring for more prospects in this part of the country where the environment for discovery of potentially economic projects is more favourable."

About Estrella Gold Corporation (TSX-V: 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 a major discovery. Estrella has twenty-three (23) active exploration properties in Perú, with five (5) held in venture agreements. The Company has 31.6 million shares issued and outstanding, and is listed on the TSX Venture Exchange (TSX-V: EST).

Mr. John R. Wilson, BSc. MS., 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.

For further information, contact:

Estrella Gold Corporation
John R. Wilson, President and CEO
Sandrine Lam, Shareholder Communications

Tel: (604) 687-3520
Fax: (888) 889-4874
To learn more visit: www.estrellagold.com

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. 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.
distributed by