Avion Gold Corporation

Avion Gold Corporation

February 26, 2008 17:30 ET

Avion Resources Strengthens Management Team

TORONTO, ONTARIO--(Marketwire - Feb. 26, 2008) - Avion Resources Corp. ("Avion Resources" or "the Company") (TSX VENTURE:AVR) is pleased to welcome Don Dudek and Peter MacLean to the Avion management team.

"The addition of Don and Peter to Avion's management team brings significant technical strength to the Company and further reinforces our commitment to evaluate, acquire and explore various properties in Africa and Canada" said Rene Bharti, the President and CEO of the Company, "Don and Peter both have vast experience, and have been involved in the acquisition and development of significant deposits around the world over the past 25 years."

Mr. Dudek has joined the Company as Senior Vice President of Exploration. He has held various roles with junior and senior exploration and mining companies over companies over the past 25 years. Most recently Mr. Dudek served as Exploration Manager for Aur Resources Inc. During his career Mr. Dudek was part of the team that discovered new VMS deposits in the Northwest Territories, Manitoba and Saskatchewan, a shear zone Gold deposit in Manitoba that was mined and a sediment-hosted Copper zone in Saskatchewan. He also supervised work at Aur's high profile La Verde Copper-porphyry deposit in Mexico. Mr. Dudek holds a B.Sc. Geology (honors) from the University of Saskatchewan.

Mr. MacLean has joined the Company as Exploration Manager. During his 20-year career, he has focused on Mexico and Venezuela for Monarch Resources, and as a consultant for a group of companies including Newmont, Apex Silver and Hecla Mining. In 2003 Mr. MacLean joined Aur Resources Inc. and held a position of Regional Exploration Manager, Mexico until December 2007. With Aur, Peter was instrumental in the acquisition and evaluation of the La Verde Copper-porphyry deposit and the discovery of the San Agustin Gold-Silver-Zinc deposit, both in Mexico. Mr. MacLean acquired his Ph.D at the University of Western Ontario.

Avion is also pleased to announce that it is to complete the first option payment under its option agreement (the "Option Agreement") with First Nickel Inc. ("First Nickel") regarding the Dundonald Property, which is located approximately 60 kilometres east of Timmins, Ontario. In satisfaction of its first payment under the Option Agreement, Avion Resources has paid $75,000 and, subject to regulatory approval, will issue 214,285 common shares.

First Nickel and Falconbridge Limited have conducted surface exploration work on the Dundonald property, including diamond drilling, borehole geophysics, geological mapping, ground geophysical surveys, minor surface mechanical stripping and environmental base line studies.

In addition, Avion also announces that it has elected to not maintain its option to earn an interest in the Iron Lake property. Under the Iron Lake option agreement, Avion was to incur certain expenditures prior to February 28, 2008, which it has elected to not incur.

About Avion Resources Corp.

Avion Resources is a Canadian-based exploration and development company focused on strategic acquisitions within Africa and Canada. Avion Resources has a team of highly specialized geologists and a strong operational team that is exploring various properties. Avion Resources currently has exploration projects in Africa and Canada. Avion has approximately 15 million shares outstanding and trades on the TSX Venture Exchange under the symbol AVR.

Cautionary Note Regarding Forward-Looking Information This press release contains "forward looking information" within the meaning of applicable Canadian securities legislation. Forward looking information includes, but is not limited to, statements with respect to the impact of additions to the management team, regulatory approval of the Option Agreement, and the future financial or operating performance of the Company, its subsidiaries and its projects. 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, political and social uncertainties; the actual results of current exploration activities; and other risks of the mining industry. 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.

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

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