Reunion Gold Corporation

Reunion Gold Corporation

November 29, 2011 08:30 ET

Reunion Gold Announces Financial Results for the Second Quarter Ended September 30, 2011 and Update on Exploration Projects

LONGUEUIL, QUEBEC--(Marketwire - Nov. 29, 2011) - Reunion Gold Corporation (TSX VENTURE:RGD) (the "Company") announces that its unaudited interim consolidated financial statements and management's discussion & analysis for the second quarter ended September 30, 2011 have been filed on SEDAR ( and are available on the Company's website at

Matthews Ridge Manganese Project, Guyana

The Company is pleased to provide an exploration update on its 100%-held Matthews Ridge Manganese Project. A total of 122 trenches have been dug to date, with 13,791 meters excavated on Hills 1 to 9. All trenches completed so far are showing manganese intersections, indicating a potential strike of approximately 15 kilometers. A total of 5 trenches on Hill 1 remain to complete the initial trenching program. Diamond drilling is also progressing, with 7 rigs currently at work. A total of 25,471 meters has been drilled in 376 holes, including 64 holes (approximately 4,000 m) which were re-drilled as a result of initial poor core recovery. On September 30, 2011, the Company had released assay results for samples taken from the trenches and drill holes received at the time. Analytical results from the balance of the trenching and drilling completed are still pending.

The Company has budgeted to spend approximately $25 million between April 1, 2011 and March 31, 2012 at Matthews Ridge. The budget includes up to 90,000 meters of drilling, as well as the purchase of capital assets, including earthmoving and laboratory equipment. The Company's objective is to complete a NI 43-101-compliant resource estimate by mid-2012.

Qualified Person

François Viens, P.Eng, a qualified person under NI 43-101, has approved the technical data related to the Matthews Ridge project. Mr. Viens is an independent consultant to the Company.

Lely Gold Project, Suriname

The Company has recently completed a follow-up program of stream sediment sampling at the Lely gold project in Suriname. The objective of the program is to confirm the results from the exploration program conducted by the Company in 2008 and extend the sampling around the entire Lely Plateau to determine if other drainages adjacent to the plateau contain elevated gold and arsenic values. A total of 114 samples were collected and assay results are pending. Exploration at the Lely gold project was suspended in October 2008 due to the Company's limited financial resources.

Qualified Person

The technical information about the Lely Gold Project was approved by Adrian Fleming, MAIG, RPGeo, MAusIMM. Mr. Fleming, a consultant to Reunion Gold, is responsible for supervising the Lely exploration program and is a qualified person under NI 43-101.

About the Company

The Company is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in the Guyana Shield of South America. The Company, through its 100% indirectly owned subsidiary Reunion Manganese Inc., has assembled a large, strategic land position to conduct exploration and development activities for manganese in the North West District of Guyana. The Company also has the right to acquire a 100% interest in a gold exploration project located in the Lely Mountain area in Eastern Suriname, subject to a 20%.

Additional information about the Company is available on SEDAR at and at

Forward Looking Statements

The information in this press release has been prepared as at November 29, 2011. Certain statements contained in this press release constitute forward looking information under the provisions of Canadian provincial securities laws. Such statements include statements regarding results of exploration, including trenching, drilling, geophysical exploration and stream sampling, as well as the Company's objective of delineating a NI 43-101 resource at Matthews Ridge. Such statements reflect the Company's views as at the date of this press release and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Many factors, known and unknown could cause actual results to be materially different from those expressed or implied by the forward looking statements. Such risks include, but are not limited to: the possibility that the results of exploration will not be successful and that the Company will not be able to calculate a NI 43-101 resource within the expected time frame. The Company does not intend, and does not assume any obligation, to update this forward-looking information, except as required by law. Accordingly, readers are advised not to place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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