Avion Gold Corporation
TSX VENTURE : AVR

Avion Gold Corporation

December 03, 2009 17:02 ET

Avion Produces Approximately 7,000 Ounces of Gold During November

Average daily production of 231 ounces

TORONTO, ONTARIO--(Marketwire - Dec. 3, 2009) - Avion Gold Corporation (TSX VENTURE:AVR) ("Avion" or the "Company") is pleased to announce that it produced 6,926 ounces of gold during the month of November (an average of 231 ounces per day).

For the month of November, the Company realized an average grade of 3.72 g/t Au, with a 96.8% mill recovery. Year-to-date production as of the end of November, 2009, has been 49,924 ounces of gold. Production for the month of December is estimated to be approximately 7,100 ounces, and the Company maintains its belief that it will achieve the predicted target of 50,000 ounces of gold for 2009.

Commenting on the November production numbers, Avion's President and CEO, Mr. John Begeman, stated: "November's mine production has set a new Company standard resulting in the highest monthly number of ounces of gold achieved during 2009. The Company believes this production rate will be maintained in the month of December, allowing us to achieve our predicted target of a 20,000 oz. fourth quarter, and hence 50,000 ounces for 2009."

Andrew Bradfield, P.Eng., the Chief Operating Officer of the Company, and a qualified person under National Instrument 43-101, has reviewed the scientific and technical information in this press release.

In addition, the Company announces that Mr. Gerald McCarvill has resigned from the Board of Directors. Avion would like to thank Mr. McCarvill for his contribution and wish him well in his future endeavors.

About Avion Gold Corporation

Avion is a Canadian-based gold mining 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 approximately 50,000 ounces of production forecast for 2009 rising to 101,400 ounces in 2012. Avion has a highly skilled management team, with a focus on growth and consolidation within West Africa.

Cautionary Notes

This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the effect of the results on the future financial or operating performance of the Company, the prospective mineralization of the properties, planned exploration programs, anticipated production schedule and terms. 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; acquisition risks; and other risks of the mining industry. 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.

Contact Information