Avion Gold Corporation
TSX VENTURE : AVR
OTCQX : AVGCF

Avion Gold Corporation

February 04, 2010 07:30 ET

Avion Gold Joins OTCQX

TORONTO, ONTARIO--(Marketwire - Feb. 4, 2010) - Avion Gold Corporation (TSX VENTURE:AVR)(OTCQX:AVGCF), begins trading today on the OTC market's prestigious tier, OTCQX International. As the highest tier of the U.S. OTC market, listed companies are distinguished from the thousands of other companies trading on different tiers in the U.S. OTC market. Several of the world's largest companies by market capitalization are currently trading on the OTCQX.

John Begeman, President & CEO, stated: "Avion is pleased with this new listing in the United States. The listing of Avion Gold on the OTCQX will streamline the opportunity for investors to participate in the growth of a company that has expansion plans and that has existing gold production."

Pink OTC Markets inc. (PINK SHEETS:PINK), is the leading inter-deal quotation system, trading technology and financial information provider for Over-the-Counter (OTC) securities. Investors can find current financial disclosure and real-time Level 2 quotes for the company on www.otcqx.com and www.pinksheets.com.

"We are pleased to welcome Avion Gold Corporation to OTCQX," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "OTCQX provides Avion Gold with a visible market tier to increase U.S. investor awareness, and distinguish themselves from the thousands of other companies traded Over-the-Counter."

Hodgson Russ LLP, will serve as Avion Gold's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on listing requirements.

About OTCQX

The OTCQX marketplace is the premier tier of the U.S. Over-the-Counter market. Investor-focused companies use the quality controlled OTCQX listing platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. exchange. For more about OTCQX, visit www.otcqx.com.

About Pink OTC Markets Inc.

Pink OTC Markets Inc. (PINK SHEETS:PINK) is a financial information and technology services company that operates the leading electronic quotation and trading system in the Over-the-Counter, or OTC, securities market. The OTCQX and Pink Sheets® marketplaces that we operate constitute, by dollar volume, the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our technology platform provides a comprehensive suite of information products and trading services for OTC market participants. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.pinkotc.com, www.pinksheets.com and www.otcqx.com or contact us at info@pinkotc.com.

Pink OTC Markets is headquartered in New York City.

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About Avion Gold Corporation

Avion (TSX VENTURE:AVR)(OTCQX:AVGCF) is a Canadian-based gold company focused in West Africa. The Company holds 80% of the Tabakoto and Segala gold projects in Mali. Gold production at these projects has commenced, with Avion producing slightly over 51,000 ounces in 2009. The production forecast for 2010 is 100,000 ounces with an expected cash cost of US $450 per ounce of gold. Avion has a highly skilled management team, with a focus on growth and consolidation within West Africa. For more information about Avion, please visit www.aviongoldcorp.com.

Cautionary Note on Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the impact of the commencement of trading on the OTCQX on the Company; statements with respect to the development potential and timetable of the Mali projects; the future price of gold; the estimation of mineral resources; conclusions of economic evaluation (including scoping studies); the realization of mineral resource estimates; the timing and amount of estimated future production, development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; the actual results of current exploration activities; ability to successfully integrate the purchased properties; foreign operations risks; other risks inherent in the mining industry and other risks described in the annual information form of the Company which is available under the profile of the Company on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE 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

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