Avion Gold Corporation
TSX VENTURE : AVR

Avion Gold Corporation

March 05, 2010 17:47 ET

Avion to Release 2009 Financials and MD&A on April 6th, 2010

Avion to attend PDAC March 7th-10th

TORONTO, ONTARIO--(Marketwire - March 5, 2010) - Avion Gold Corporation (TSX VENTURE:AVR) ("Avion") is expected to file its 2009 financials and MD&A on SEDAR on Tuesday April 6th . In addition, the Company expects to release production figures on a quarterly basis going forward for 2010.

Avion would also like to invite all those interested to visit management at booth #2553 at the Prospectors and Developers Association of Canada (PDAC), being held March 7th – 10th. Representing the Company will be John Begeman, President and CEO, Don Dudek, VP Exploration, Andrew Bradfield, COO, and Rene Bharti, VP Business Development.

Exploration Update:

Avion has received results for 950 samples from 21 reverse circulation holes and should receive the results for over 500 core samples next week. The bulk of this drilling was completed at the north end of the Djambaye II zone and proximal to the Fougala 1 zone. It is anticipated that results from both sets of data will be released once the results have been put into context.

About Avion Gold

Avion is a Canadian-based gold company focused in West Africa. The Company holds 80% of the Tabakoto and Ségala gold projects in Mali. Gold production at these projects has commenced, with approximately 100,000 ounces of production forecast for 2010, and 51,000 ounces produced in 2009. 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, without limitation, statements regarding the impact of the results 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.

Contact Information

  • Avion Gold Corporation
    Rene Bharti
    Vice President Business Development
    (416) 861-5913
    rene@aviongoldcorp.com