Reunion Gold Corporation
TSX VENTURE : RGD

Reunion Gold Corporation

November 15, 2007 16:19 ET

Reunion Gold Corporation Announces Warrant Incentive Program Approval

LONGUEUIL, QUEBEC--(Marketwire - Nov. 15, 2007) - NOT FOR DISSEMMINATION IN THE UNITED STATES OR FOR RELEASE VIA US NEWSWIRE SERVICES

Reunion Gold Corporation (TSX VENTURE:RGD) ("Reunion" or the "Corporation") is pleased to announce that it has received the consent of over 662/3% of the warrantholders and final acceptance of the TSX Venture Exchange for its previously announced (October 19, 2007) warrant incentive program (the "Program") to encourage the early exercise of 14,913,500 warrants issued on January 7, 2004 and February 12, 2004 (the "2004 Warrants").

A formal notice with detailed instructions will be mailed to each holder of the 2004 Warrants on November 15, 2007.

The holders of 2004 Warrants who choose to exercise their 2004 Warrants within a 30-day period ending on December 17, 2007 (the "Incentive Period") will receive, in addition to the common share they would otherwise receive under the 2004 Warrants, an additional one-half of one warrant (each whole warrant a "2007 Warrant"). Each 2007 Warrant will entitle the holder to acquire one common share of Reunion at a price of $1.50 per share for a period of two years from the date of issuance. The 2007 Warrants will be subject to a four-month hold period.

For holders who do not exercise their 2004 Warrants during the Incentive Period, their 2004 Warrants will continue to be exercisable in accordance with their original terms, namely at an exercise price of $1.25 to acquire one common share of Reunion for each 2004 Warrant held until January 7, 2009 and February 12, 2009, as applicable.

Additional information about the Corporation is available through regular filings and press releases on SEDAR (www.sedar.com) and on the Corporation's website (www.reuniongold.com).

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

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