Reunion Gold Corporation

Reunion Gold Corporation

February 27, 2008 09:25 ET

Reunion Gold Corporation Announces its Financial Results for the 3rd Quarter Ended December 31, 2007 and Appointment of Investor Relations Manager

LONGUEUIL, QUEBEC--(Marketwire - Feb. 27, 2008) - Reunion Gold Corporation (TSX VENTURE:RGD) (the "Company") announces that its Consolidated Financial Statements and Management's Discussion & Analysis for the 3rd quarter ended December 31, 2007 have been filed on SEDAR ( They are also available through Marketwire's website at and on the Company's website at

At December 31, 2007, the Company had cash of $6,526,300. The Company issued 6,112,500 Units consisting of one common share and one half of one warrant in November and December 2007 from the incentive program to encourage the early exercise of warrants issued in 2004. The Company has 46,969,316 common shares issued and outstanding, 14,496,165 common share purchase warrants outstanding at an exercise price varying between $1.25 and $1.50 per share, expiring at various dates from December 2008 to December 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 is continuing its exploration for gold on the Antino Project located in Suriname and is planning to soon commence an intensive exploration effort to evaluate the Lely Project, also located in Suriname. The Company entered into an agreement to acquire the Lely Project in October 2007, subject to regulatory approval. The Company is preparing the documentation required by the TSX Venture Exchange in its conditional approval. The transaction will close upon receiving final acceptance from the Exchange.

The Company is also pleased to announce that Ms. Geraldine Paxton has been appointed to the position of Manager, Investor Relations. Ms. Paxton will be joining Louise Quinn to form an IR team whose mandate is to ensure that the Company's Investor Relations activities and needs are fulfilled. Ms. Paxton has significant experience and success in investor relations and most recently managed the investor relations functions for Palmarejo Silver and Gold Corporation from 2005 until the merger with Coeur d'Alene Mines Corporation.

Ms. Paxton and Quinn have each been granted an option to purchase 75,000 common shares of the Company. The options are exercisable at a price of $1.04 per share, subject to a vesting period and expire on February 26, 2013. The appointment of Ms. Paxton and the option grants are subject to the approval of the TSX Venture Exchange.

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.

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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