Acquisition of Shares - Early Warning

CALGARY, AB / ACCESSWIRE / November 17, 2020 / On November 16, 2020, FruchtExpress Grabher GmbH & Co KG. (the "Acquiror") acquired 3,875,000 Units of Kestrel Gold Inc. (the "Issuer") at a price of $0.08 per Unit. Each Unit consists of one common share of the Issuer ("Common Share") and one half of one common share purchase warrant (each whole warrant called a "Warrant"), each Warrant entitles the holder to purchase one common share of the Corporation ("Warrant Share") for a period of 24 months from the date of issuance at a price of $0.16 per share for the first 18 months and at a price of $0.20 per share thereafter.

The Acquiror owned 8,125,000 common shares of the Issuer prior to the acquisition referred to above.

As a result of the above acquisition, the Acquiror now beneficially owns and controls a total of 12,000,000 common shares which represents approximately 14.43% of the issued common shares of the Issuer. If the Acquiror exercises all the Warrants, it would beneficially own 13,937,500 common shares of the Issuer, which would represent approximately 16.38% of the issued and outstanding common shares of the Issuer on a fully diluted basis.

The Acquiror acquired the Units for investment purposes. Depending upon the circumstances, the Acquiror may, from time to time, acquire additional securities of the Issuer or dispose of all or a portion of the securities of the Issuer.

The Early Warning Report of the Acquiror will be filed on the System for Electronic Document Analysis and Review ("SEDAR") under the Issuer's profile and can be viewed at www.sedar.com.

FOR FURTHER INFORMATION OR TO OBTAIN A COPY OF THE REPORT REQUIRED BY SECURITIES REGULATIONS, PLEASE CONTACT:

FruchtExpress Grabher GmbH & Co KG.
Corporate Treasury Manager: Sven Gollan
Telephone: +43 5522 500 429
E-mail: sven.gollan@fruchtexpress.at

SOURCE: FruchtExpress Grabher GmbH & Co KG.