LONGUEUIL, QUEBEC (the "Corporation") is pleased to announce that a total of 6,112,500 of the warrants issued in January and February 2004 (the "2004-Warrants") were exercised during the previously announced Incentive Program for gross proceeds of $7,640,625. A total of 3,056,250 new warrants were issued to those warrantholders who exercised their 2004-Warrants during the Incentive Program. Each new warrant entitles the holder thereof to acquire one additional common share of the Corporation at an exercise price of $1.50 for a period of two years from the date of issuance. The Corporation was assisted in the warrant exercise program by Dundee Securities Corporation.

Following completion of the program, the Corporation has 46,969,316 common shares issued and outstanding, 11,439,915 warrants outstanding at an exercise price of $1.25 per share, expiring at various dates from December 2008 to January 2009, 3,056,250 warrants outstanding at an exercise price of $1.50 per share, expiring at various dates in December 2009, and 3,570,000 stock options at an exercise price varying between $0.20 and $2.15 and expiring by March 2012.

Additional information about the Corporation is available through regular filings and press releases on SEDAR (www.sedar.com) and on the Corporation's website (www.reuniongold.com).

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

Contacts: Reunion Gold Corporation James Crombie President & CEO 450-677-2585 450-677-2601 (FAX) james_crombie@reuniongold.com Reunion Gold Corporation Louise Quinn Manager, Investor Relations 450-677-3523 450-677-2601 (FAX) louise_quinn@reuniongold.com

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