Estrella Gold Elects Board of Directors, Officers and Approves All Matters at Annual Meeting

TORONTO, ONTARIO -- (Marketwire) -- 07/27/11 -- Estrella Gold Corporation (TSX VENTURE: EST) ("Estrella" or the "Company") is pleased to announce the election of Mark Brown to its Board of Directors at its Annual and Special Shareholders Meeting held on July 26, 2011. Mr. Brown is President and Director of Pacific Opportunity Capital Ltd. based in Vancouver and is also an officer and/or director of several public and private companies, including Rare Element Resources, Almaden Minerals, Tarsis Resources, and Avrupa Minerals. He holds a Bachelor of Commerce from the University of British Columbia (1990) and he became a Chartered Accountant in 1993 while with working for PriceWaterhouseCoopers.

Shareholders also re-elected Keith Laskowski, Gregory Harris, Donald Taylor and Fernando Pickmann as directors of the Company. Bernard Kraft and Michael Kraft did not stand for re-election and the Company wishes to thank them for all their contributions to Estrella during their terms as board directors. Both will continue to serve the Company as members of its newly established Advisory Counsel. Following the AGM, the Board appointed the following officers:

Gregory Harris           Chairman of the Board of Directors
Keith Laskowski          President & Chief Executive Officer
Stan Myers               Vice President - Exploration

In addition, the shareholders also approved:

--  the reappointment of Collins Barrow Toronto LLP, Chartered Accountants
    as auditors
--  amendments to the Company's Stock Option Plan increasing the maximum
    number of common shares reserved by Estrella for issuance pursuant to
    the Stock Option Plan from 2,377,609 to 3,463,369, 20% of its issued and
    outstanding common shares at the record date of the meeting, addition of
    a new section for withholding taxes as required by the Income Tax Act
    (Canada)

More specific details of the matters approved at the Meeting are set forth in Estrella Gold's Information Circular dated May 27, 2011 and posted on SEDAR at www.sedar.com.

On behalf of Keith Laskowski, President & CEO.

About Estrella Gold Corporation (TSX VENTURE: EST) Estrella Gold is a "Prospect Generator" company focused on gold exploration and resource definition in Latin America. Estrella Gold has seven precious metal exploration projects in Peru and one in Chile. The Company has a minimum inferred gold resource of 144,000 ounces at its Colpayoc Project in Peru (NI 43-101 Inferred Resource) and is expanding its resource inventory, and also making new gold discoveries. The Company has 23,747,859 shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE: EST). 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.

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.

Contacts:
Estrella Gold Corporation
Keith Laskowski, MSc.
President & CEO
Direct Tel: [phone] or [phone]
[phone] (FAX)
[e-mail]
www.estrellagold.com

Investor Contact:
First Canadian Capital
Dan Boase, Partner
[phone] x 232
[phone] (FAX)
[e-mail]
www.firstcanadiancapital.com