Reunion Gold Corporation
TSX VENTURE : RGD

Reunion Gold Corporation

December 17, 2007 16:09 ET

Reunion Gold Corporation Extends Early Warrant Exercise Incentive Program

LONGUEUIL, QUEBEC--(Marketwire - Dec. 17, 2007) - NOT FOR DISSEMINATION 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 approval of the TSX Venture Exchange to extend the previously-announced incentive period for early exercise of warrants issued in 2004 (the "2004 Warrants") to December 31, 2007. This incentive offer was described in Reunion's press release of October 19, 2007.

In order to encourage the early exercise of the 2004 Warrants, Reunion has amended the terms of the 2004 Warrants so that upon exercise on or before December 31, 2007 and payment of the exercise price of $1.25, the holder will receive one unit instead of one common share. Each unit consists of a common share and one-half of one additional warrant (each whole warrant, a "2007 Warrant"). Each 2007 Warrant will allow the holder to acquire one common share at a price of $1. 50 per share for a period of two years from the date of issuance. The 2007 Warrants are transferable, and are subject to a four-month hold period from the date of issuance.

Any 2004 Warrants not exercised before December 31, 2007 will continue to be exercisable in accordance with their original terms to acquire one common share at an exercise price of $1.25 until their expiry on January 7 or February 12, 2009, as applicable.

As of December 17, 2007, holders of 5,800,000 2004 Warrants have participated in the incentive program, raising total funds to date of $7,250,000.

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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