Estrella Gold Corporation Grants 665,000 Stock Options to Directors, Officers, and Staff

Estrella Gold Corporation, a "Prospect Generator" focused on gold in Latin America, has announced the granting of 665,000 incentive stock options to its directors, officers, and staff as part of its dual strategy to generate new prospects and increase its inventory of gold resource ounces. The stock options have an exercise price of $1.10 per share and vest quarterly over an 18-month period expiring January 20, 2014. This move is subject to regulatory approval and is in line with the company's efforts to incentivize its team and drive growth.

Key Takeaways:

• Estrella Gold Corporation has granted 665,000 stock options to its directors, officers, and staff as performance incentives.
• The stock options have an exercise price of $1.10 per share and vest quarterly over an 18-month period expiring January 20, 2014.
• The granting of options is subject to regulatory approval.
• The company's dual strategy focuses on generating new prospects and increasing its inventory of gold resource ounces.
• Estrella Gold has a NI 43-101 compliant inferred gold resource of 144,600 ounces at its Colpayoc project in Peru and additional historic non-compliant gold resources.
• The company has 17,256,845 shares issued and outstanding on the TSX Venture Exchange.

Statistics:

• 665,000 stock options granted to directors, officers, and staff.
• 475,000 stock options granted as performance incentives to two current directors and one officer of the Company.
• 190,000 stock options awarded to the Company's staff and consultants.
• Exercise price of $1.10 per share.
• Options vest quarterly over an 18-month period expiring January 20, 2014.
• Statutory four-month hold period expiring May 20, 2011, for options granted and common shares issued upon their exercise.

Sources:

• Estrella Gold Corporation (TSX VENTURE: EST)
• TSX Venture Exchange
• COMTEX
• Marketwire (MARKETWIRE via COMTEX)