Avion Gold Corporation

Avion Gold Corporation

October 07, 2009 10:34 ET

Operational Update-Avion's Tabakoto Mine

TORONTO, ONTARIO--(Marketwire - Oct. 7, 2009) - Avion Gold Corporation ("Avion Gold" or "the Company") (TSX VENTURE:AVR), today announced that it has successfully completed road repair operations along the main access road to the north of its Tabakoto/Segala gold mine in Mali. The main access road to the Tabakoto/Segala gold mine had been degraded by a lengthy period of heavy rainfall, resulting in the near cessation of transport truck movement on the road. The Company, along with support from its mining contractor, SFTP, repaired sections of the road to expedite the delivery of supplies that were waylaid approximately 35 kilometers from the mine along the main supply route due to the flooded road conditions. The 2009 seasonal rains in the Malian Sub Saharan African region have been exceptionally heavy. Avion believes that the rainy season is essentially over, and with the road repairs completed over the past few weeks, Avion is optimistic that the normal movement of supplies to site will continue unabated.

Access to the project area is expected to be further improved with the projected late 2010 completion of a new paved road from Dakar to Bamako that will pass approximately 10 kilometres south of the Tabakoto Mill. The new road is expected to dramatically improve access to the area, reduce weather issues during the rainy season and lower operational costs.

John Begeman, the Company's President and CEO states, "While we are disappointed by the interruption in supplies to the mine site and temporary shutdown of milling operations that has resulted in reduced planned gold production for 2009, we are hopeful that Avion's revised mine plan will maximize production during the remainder of the year and recover some of the lost production."

About Avion Gold Corporation

Avion is a Canadian-based gold company focused in West Africa. The Company holds 80% of the Tabakoto and Segala gold projects in Mali. Gold production at these projects commenced in February 2009, and the production forecast for 2009 is now revised to be 50,000 ounces (Reduced from 55,000 ounces as disclosed in a press release on August 12, 2009).

Andrew Bradfield, P.Eng., the Chief Operating Officer of the Company and a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

Cautionary Notes

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the impact of the reduced production numbers on the Company, the revised mine plan, results of the Company; statements with respect to the development potential and timetable of the Mali projects; the future price of gold; the estimation of mineral resources; conclusions of economic evaluation (including scoping studies); the realization of mineral resource estimates; the timing and amount of estimated future production, development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. 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, geopolitical and social uncertainties; the actual results of current exploration activities; ability to successfully integrate the purchased properties; foreign operations risks; other risks inherent in the mining industry and other risks described in the annual information form of the Company which is available under the profile of the Company on SEDAR at www.sedar.com. 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.

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