Reunion Gold Corporation

Reunion Gold Corporation

August 10, 2006 08:50 ET

Reunion Gold Corporation: High Grade Gold Mineralisation in Channel Samples at Antino 1

LONGUEUIL, QUEBEC--(CCNMatthews - Aug. 10, 2006) - Reunion Gold Corporation ("RGD")(TSX VENTURE:RGD) has recently commenced an exploration program of its Antino 1 gold property in Suriname. The program is being focused on the Maripasula Creek target in the southern part of the Concession. The exploration program will include grid based auger soil geochemistry, excavator trenching followed by reverse circulation drilling. Geological mapping, reprocessing of airborne magnetics and radiometrics data plus acquisition and interpretation of satellite imagery will also be undertaken.

The Maripasula Creek target area encompasses a Lower Proterozoic age greenstone assemblage consisting of chlorite/sericite schist that is cut by an intrusive of diorite to quartz diorite composition. The intrusive trends north-west and is approximately 3 km long and 1.5 km wide. Alluvial gold mineralisation occurs in many of the creeks in this area and had been mined intermittently over many years by hydraulicing. Maripasula Creek currently has two small scale tribute mining operations known as Para and Filuca, both of which occur near the southern end of the intrusive.

The Filuca workings which are abandoned and flooded appear to have been located on the eastern margin of the intrusive. Gold mineralisation, including very high grade specimen quality visible gold, was hosted by a steeply dipping, north west trending zone of quartz veining and quartz breccia.

The Para workings are located 500 metres west of north west from Filuca workings and occur on a northwest trending shear structure characterized by a zone of near vertical, sheeted and stockwork quartz veining. The gold bearing quartz veins are hosted by both schist and diorite. The mineralised zone hosts iron oxides and boxworks after sulfides plus minor graphite. The existing pit is some 70 m long and 20 m deep. Work by RGD geologists has been focused on the Para workings to date.

Three phases of channel sampling have been carried out on the Para gold bearing structure since February 2006. The material sampled is saprolite. The depth at which fresh, unweathered rock occurs is not known. Full results of all samples taken are given in the accompanying table.

The February 2006 channel sampling was undertaken as part of the due diligence for a 43-101 report. Four, one meter long horizontal channel samples were collected from the Para workings at right angles to the strike of the mineralised shear. These samples averaged 4 m at 10.2 g/t Au including 3 m at 16.7 g/t Au.

The June 2006 channel sampling, with 1 meter long horizontal channels, was over a total length of 26 metres but the samples were oblique to the strike of the mineralised shear. Samples 254864 to 254886 for a total length of 23 metres were in the footwall of the main shear zone and sampled variably developed stockwork quartz veining in both intrusive and schist. These 23 samples averaged 2.1 g/t Au. However they do not represent a true width of mineralisation. Samples 254887 to 254889 were cut across only part of the main mineralised shear zone, the balance being masked by scree. These three samples averaged 3 m at 105.1 g/t Au.

The July 2006 channel sampling of the active mine face of the Para workings was, at least for the main shear zone, at right angles to its strike and representative of the true width of the higher grade mineralisation. Samples were 2 metres long except for one 1m sample. Samples 254891 to 254894 were wholly within the intense sheeted and mineralised quartz vein material, and average 8 m at 50 g/t Au. Samples 254895 to 254901 were in the footwall of the structure and have lower gold grades, averaging 0.9 g/t Au.

Highlights of the 2006 results were:

February Channels 4 m at 10.2 g/t Au including 3 m at 16.7 g/t Au
June Channels 3 m at 105.1 g/t Au
July Channels 19 m at 21.7 g/t Au including 8 m at 50 g/t Au

The channel sampling programs in the Para area demonstrate the presence of high grade gold mineralisation in structures within the Maripasula Creek intrusive. The June sampling and the July sampling also indicate that adjacent to the main zone of quartz veining there are elevated gold grades in the footwall schist and intrusive. The June sampling returned values as high as 159.7 g/t Au over 1 meter but as mentioned above the June sampling was not able to recover material from the full width of the gold bearing shear zone. Excavator trenching has commenced to test the strike extent of the mineralisation exposed at Para. This area will also be one of the targets tested by the RC drilling which is expected to commence later in August. Additionally the presence of the Filuca workings would indicate that additional mineralisation is present on the margins of the intrusive body. This will also be tested in the upcoming drill program.

RGD is extremely encouraged by the results from these programs, as they demonstrate the potential of the property to host zones of high grade mineralisation with extensive areas of lower grade material surrounding them.

Quality Assurance

The Antino 1 Project has put in place a rigorous QA/QC program consistent with National Instrument 43-101 and using best industry practice. Elements of the QA/QC program include chain of custody of samples, standard and blank samples submitted to The Assay Office, an independently-run laboratory in Paramaribo, Suriname, with each batch of samples and a check assay program on a proportion of sample pulps with a second laboratory. Results from the QA/QC program have to date been satisfactory.

Qualified Person

Mr. Adrian Fleming, Reunion Gold Corporation's qualified person as required under NI 43-101 has reviewed the technical information contained in this press release. Mr. Fleming is the Project Manager for the Antino 1 Project.

Forward Looking Statements

Except for historical information, this press release may contain forward-looking statements. 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; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; the possibility that required permits may not be obtained in a timely manner or at all; changes in planned work resulting from weather, logistical, technical or other factors; potential resources, exploration results, costs and supply of material relevant to the mining industry, and future plans and objectives of the Company. 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.

Additional information

Additional information about the Company is available through regular filings and press releases on SEDAR and on the Company's website.

A table of Channel Sample Results is available at the following address:

A map of the Antino Project is available at the following address:

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

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