Reunion Gold Corporation

Reunion Gold Corporation

November 29, 2007 11:56 ET

Reunion Gold Corporation Announces its Financial Results for the 2nd Quarter Ended September 30, 2007

LONGUEUIL, QUEBEC--(Marketwire - Nov. 29, 2007) - Reunion Gold Corporation (TSX VENTURE:RGD) (the "Company") announces that its Consolidated Financial Statements and Management's Discussion & Analysis for the 2nd quarter ended September 30, 2007 have been filed on SEDAR ( They are also available through Marketwire's website at and on the Company's website at

At November 28, 2007, the Company has cash and cash equivalents of $685,500, excluding $99,600 invested in Canadian Asset-Backed Commercial Paper. The Company has 41,281,816 common shares issued and outstanding, 17,127,415 warrants outstanding at an exercise price of $1.25 per share, expiring at various dates from December 2008 to January 2009 and 3,570,000 outstanding stock options at an exercise price varying between $0.20 and $2.15 and expiring by March 2012.

The Company requires additional funds to continue its exploration program on the Antino Project and, subject to receiving the necessary regulatory approvals, to undertake an exploration program on the Lely Mountain Project. To that end, the Company has put in place an incentive program for the early exercise of the 2004 Warrants (see press releases dated October 19, 2007 and November 25, 2007). However, there can be no assurance that the Company will be successful in securing such financing. In the event that the Company is not successful in raising sufficient funds through the incentive program for the early exercise of the 2004 Warrants, it will evaluate other financing options and it may need to substantially reduce its exploration activities.

The Company is continuing its exploration for gold on the Antino Project located in Suriname. The exploration program on Antino, which began in June 2006 is focused on various targets, including Maripasula Creek, Upper Antino, T1a and Guanaman and includes mapping, geochemistry, trenching, reverse circulation ("RC") and diamond drilling. There is currently one diamond drill working on the project.

The Company is focused on acquiring and exploring projects in the Guiana Shield in South America. Additional information about the Company is available through regular filings and press releases on SEDAR and on the Company's website.

Forward-looking Statements

This news release contains "forward looking statements" including, but not limited to, statements concerning future financial or operating performance of the Company and its project, requirements for additional capital and acquisition of new projects. Forward-looking statements are not historical facts and are subject to a number of known and unknown risks and uncertainties beyond the Company's control. These statements may cause the actual results, levels of activity, performance or achievement of the Company to be materially different from any future results, levels of activity, performance or achievement expressed or implied by these forward looking statements. There can be no assurance that such statements will prove to be accurate.

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

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