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The phrase "a release of pledge" is correct and usable in written English.
It can be used in contexts involving the cancellation or termination of a commitment or obligation, often in legal or financial situations.
Example: "The bank issued a release of pledge once the loan was fully paid off."
Alternatives: "discharge of pledge" or "termination of pledge".
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A release of what?
All of these require the immediate release of pledged aid, the vast majority of which has failed to materialize.
Other news from RightyLand was the release of the "Pledge To America" which was supposed to be some sort of "Contract With America II".
Schultz noted that in the days following the release of his pledge, he had "heard from thousands of people" and included among his supporters NYSE Euronext CEO Duncan Niederauer and Bob Greifeld, head of the Nasdaq OMX Group -- both of whom emailed letters of support to companies listed on their respective exchanges.
A video was released of him pledging allegiance to the head of jihadist group Islamic State (IS).
One of the key risk management problems of banks is to determine a reasonably pledged loan-to-value ratio, a rate of pledge loans, and a pledge value.
The White House said it intends to release a second round of pledges from businesses this fall, and that Secretary of State John Kerry would host an event on the role of businesses in climate efforts on Oct.
The authorities repeatedly pledged transparency, but warned that a premature release of any evidence could compromise the case.
§ 1434.16 Release of the honey pledged as collateral for a MAL.
In 1964, according to Peter Kornbluh and Bill LeoGrande's superb "Back Channel to Cuba: The Hidden History of Negotiations between Washington and Havana," Fidel Castro himself offered a deal that included the release of political prisoners and a pledge to "eventually indemnify U.S. corporations for expropriated properties," in exchange for normalized relations (the offer went nowhere).
The White House release of the US emissions pledge, known as an Intended Nationally Determined Contribution (INDC), followed up on a commitment President Obama first made in a US-China agreement in November.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com