May 15, 2006 17:12 ET

New Sleeper Gold Announces Shareholders Approval

MONTREAL, QUEBEC--(CCNMatthews - May 15, 2006) - New Sleeper Gold Corporation (TSX VENTURE:NWS) is pleased to announce that the disposition of the Corporation's 50% interest in the Sleeper project in Nevada was approved by 99.99% of the votes cast at the shareholder meeting held earlier today. As announced on January 26, 2006, the Corporation agreed to sell its 50% interest in the Sleeper project to X-Cal Resources Ltd. for consideration of C$5million and 10 million common shares in the capital of X-Cal. The transaction was subject to the approval of at least two thirds of the vote cast at the meeting. The transaction with X-Cal is scheduled to close on or about May 16, 2006.

The shareholders of the Corporation have also authorized the Board of Directors, by way of special resolution, to amend the Articles of the Corporation to effect the change of the name of the Corporation to "REUNION GOLD CORPORATION". The change of name should become effective by the end of the month.

The Corporation intends to shift its primary focus to projects in the Guiana Shield in South America. It has recently acquired the right to explore, develop and acquire the Antino 1 Project located in south-eastern Suriname.

Caution Concerning Forward-Looking Statements

This press release contains certain "forward-looking statements", including, but not limited to, the statements regarding the closing of the transaction, the anticipated benefits of this transaction and New Sleeper future plans. Forward-looking statements express, as at the date of this press release, New Sleeper's plans, estimates, forecasts, projections, expectations or beliefs as to future events or results. Forward-looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. Risks and uncertainties that could cause results or future events to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to: fluctuations in gold prices; uncertainties related to raising sufficient financing to complete the transaction and the possibility that required permits and approval may not be obtained in a timely manner or at all.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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