RGD Reunion Gold Corp

Reunion Gold Corporation (TSX VENTURE:RGD)(FRANKFURT:RG7) (the "Company")
announces that it has filed its audited consolidated financial statements and
management's discussion and analysis for the year ended March 31, 2013 on SEDAR
(www.sedar.com) and wishes to provide an update on its Matthews Ridge manganese
project located in Guyana. 


Resource estimate

During the year, the Company completed its exploration program on the footprint
of its Matthews Ridge Project, which consists of a 15-km long series of nine
hills, and explored a number of other targets in the area. In February 2013, the
Company announced an initial resource estimate for its Matthews Ridge Project. 


Pre-feasibility study

The Company also carried out essential work towards the completion of a
pre-feasibility study ("PFS") for its Matthews Ridge Project, including
metallurgical testing on all types of mineralized materials located on the main
project footprint. The Company engaged G Mining Services Ltd., a Canadian
independent engineering firm with extensive experience in Guyana, to act as the
lead consultant responsible for the overall delivery of the PFS. Golder
Associates Ltd. has been retained to provide support related to the geotechnical
and geochemical work, WorleyParsons for the evaluation of various options
relating to concentrate transportation infrastructures, Met-Chem Canada Inc. to
develop a process flow sheet and SGS Canada Inc. for metallurgical analysis.


G Mining has developed a mine plan and established the processing schedule. Site
investigations related to geotechnical and geochemical work are complete.
Infrastructure and other studies have significantly advanced during the last
quarter. Notably, the pit-to-port transportation option using a dedicated haul
road from Matthews Ridge to Port Kaituma, and contract barging of concentrates
to an existing transshipment facility in Trinidad and Tobago seem to represent,
at this time, the most viable options. Basic engineering is also complete and
work is currently focused on completing capital and operating cost estimates. 


Under the supervision of G Mining, the FILAB Guyana laboratory performed the
geo-metallurgical characterization of the various types of Matthews Ridge
manganese mineralization, refining the positive results reported in August 2012.
While the process flow sheet has been finalized, the capital cost estimate is
outstanding. Pyro metallurgical test work has been commissioned with an
established laboratory in Europe to assess the behaviour of Matthews Ridge
concentrates in alloy production and results are expected shortly.


Environmental studies of the entire site, a socio-economic survey of the
community of Matthews Ridge and a biodiversity environmental baseline study were
completed during the year. A gap analysis of all the ESIA work commissioned by
the Company to outline missing elements for permitting was also prepared. The
Matthews Ridge product specification is complete and a marketing report by CRU
is being used as a basis to establish FOB pricing for the product. Discussions
are ongoing with potential clients.


Plans for 2013-2014

The Company anticipates announcing the results of the Matthews Ridge Project PFS
within the next few weeks. Subsequently and subject to available financing, the
Company intends to complete a resource definition program on the Pipiani and
Arakaka prospects, upgrade the inferred resources identified on the footprint at
Matthews Ridge and carry out work with the aim of completing a full feasibility
study. 


At June 20, 2013, the Company had a negative working capital of approximately
$2.9 million, including cash of approximately $0.3 million. The Company is
evaluating different financing options to continue the exploration and
development of its projects, which may include the issuance of securities,
convertible loan, partnership or joint venture arrangements. There can be no
assurance that additional funds will be available or available on terms
acceptable to the Company. The continuation of the Company's activities is
dependent on its ability to obtain necessary financing. 


Frankfurt Listing

The Company also announces that its common shares have started trading on the
Frankfurt Stock Exchange under the symbol "RG7". The security identification
number is A0J27J. The listing on the Frankfurt Stock Exchange provides Reunion's
new and existing European shareholders with easier access to trading in the
Company's common shares, and shall assist in increasing the profile of the
Company in Europe.


Forward looking statements

This press release contains statements that are 'forward-looking information'
under Canadian securities laws. Forward looking information refers to statements
about possible events, conditions or results of operations that are based on
assumptions about future economic conditions and courses of action.


Forward looking information in this news release includes statements about
Reunion's need for additional capital and its ability to acquire it; the timing
and conclusions of the pre-feasibility study on the Matthews Ridge Project; the
ultimate results from outstanding metallurgical testwork; the Company's need to
obtain additional permits, and the timing for that; planned exploration efforts
at Pipiani and Arakaka and the potential for upgrading the inferred resources at
Matthews Ridge; Reunion's plans to complete a full feasibility study and develop
the project into a mine; and Reunion's ability to become a producer of manganese
and to secure a clientele for the manganese products.


Forward-looking information involves making assumptions and is subject to known
and unknown risks and uncertainties that may result in actual events differing
materially from those anticipated in the forward-looking information. Material
risks that could cause actual results to vary materially from the forward
looking information in this press release include: the risk that the Company
will not be able to raise the additional capital necessary to continue its
planned activities or that it will be delayed in obtaining required funds; the
risk that outstanding metallurgical testwork will return results that are not
those expected, causing delays and the need to conduct additional testing; the
risk that required permitting will not be received as expected or at all; the
risk that additional exploration will not be successful in expanding or
upgrading or both the current resources; and the risk that unforeseen global
market changes or others will make it not possible for Reunion to produce an
economic product from Matthew Ridge. The Company has made assumptions regarding
the occurrence of future events that its officers and directors, in their
collective experience, believe are reasonable and which are based upon their
understanding of current conditions and expected future developments and other
factors that they consider relevant. However, despite all this, there may be
unforeseen occurrences that cause future events to turn out differently from
what is expected at present, and the Company can give no assurance that the
forward looking information will prove to be correct. Therefore, readers should
not place undue reliance on the forward looking information. 


The statements containing forward-looking information in this press release are
made as of the date hereof and the Company undertakes no obligation to update
publicly or revise any forward-looking information, unless required to do so by
applicable securities laws.


About Reunion Gold

Reunion Gold Corporation, through its 100% 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.
Manganese is the fourth largest metal consumed in the world, behind iron,
aluminium and copper. It is a key component in steel and iron production with no
viable substitute. The Company also has the right to acquire a 100% interest in
a gold exploration project located in Suriname. 


Additional information about the Company is available on SEDAR (www.sedar.com)
and on the Company's website (www.reuniongold.com). 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
REUNION GOLD CORPORATION
James Crombie
President and Chief Executive Officer
+1 450.677.2585
+1 450.677.2601 (FAX)
info@reuniongold.com
www.reuniongold.com

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