Estrella Gold Announces Suspension of Trading

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 5, 2013) - Estrella Gold Corporation's (TSX VENNTURE:EST) ("Estrella" or the "Company") today announced that the TSX Venture Exchange has suspended trading effective March 5, 2013 due to the cease trade order issued by the British Columbia Securities Commission on March 1, 2013 as a result of certain technical disclosure on the Company's website. The Company anticipates filing an application of reinstatement of trading with the objective that trading can commence as early as possible following the revocation of the cease trade order.

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 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 VENTURE: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.

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.