Reunion Gold Pronounces Sturdy Drill Outcomes Together with Intersects of 71.0 m @ 5.77 g/t Gold and 88.8 m @ 4.13 g/t Gold from its Deep Drilling Program (Beneath 500 m Depth) at its Oko West Venture in Guyana

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LONGUEUIL, Québec, Oct. 19, 2023 (GLOBE NEWSWIRE) — Reunion Gold Company (TSXV: RGD; OTCQX: RGDFF) (the “Firm” or “Reunion Gold”) is happy to proceed reporting optimistic drill outcomes from its ongoing infill and deep drilling applications. The infill program is designed to improve the classification of the Inferred mineral assets inside the maiden Mineral Useful resource Estimate (MRE) to an Indicated class. The deep drilling program is aimed toward testing and defining the potential for an underground useful resource at depths larger than 500 meters under floor.

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For an in depth checklist of outcomes related to this press launch, please see Reunion Gold’s web site: Outcomes

“We’re very inspired with the outcomes of the deep drilling program so far, which point out the potential for a high-grade zone at depth,” mentioned Rick Howes, President and CEO of Reunion Gold. “With these outcomes, we see the potential so as to add vital worth as a mixed open pit and underground challenge and subsequently we intend to proceed the depth extension drilling program and delay the discharge of the PEA to permit for inclusion of an underground useful resource and analysis of mixed open pit and underground choice to the PEA research, which we might count on to launch in Q2 of 2024.”

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Deep Drilling Program

Highlights of outcomes from the deep drilling program under Block 4 might be seen in Desk 1 and on Determine 1 which experiences the broader intervals utilizing a 0.3 g/t cutoff and contains the higher-grade intercepts utilizing a 1.5 g/t cutoff. Along with gap D-243-W1, outcomes of be aware embody holes D-316 and D-320, each of which reported excessive grade gold intercepts, representing a major enlargement of recognized mineralization at depth. These intercepts are being interpreted because the depth extension of the high-grade zone that was recognized within the maiden MRE reported on June 13, 2023 (see related press launch on that date). Gap D-316 intercepted 88.8 m @ 4.13 g/t Au,
together with 10.8 m @ 14.96 g/t Au from 772.4 m to 783.2 m downhole and 21.8 m @ 6.45 g/t Au from 787.9 m to 809.7 m downhole (reported utilizing a 1.5 g/t cutoff grade). Gap D-320 reported 83.0 m @ 1.92 g/t together with 3.0 m @ 4.79 g/t Au from 777m to 780 m downhole and 20.0 m @ 4.41 g/t Au from 800 m to 820 m downhole. Gap D-243-W1 reported vital high-grade intercepts together with 71.0 m @ 5.77 g/t Au from 504.0 m to 575.0 m downhole.

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“On-going structural work is constant to reveal a steep northerly plunge to our excessive grade zone, which sits inside the bigger quantity of mineralization obvious alongside the two km development from Block 1 by means of Block 4 to Blocks 5 and 6. The high-grade zone seems to have a comparatively sharp boundary alongside its southern margin, an orientation confirmed by means of structural evaluation of our oriented drill core, though we’re assured that drilling so far is demonstrating a 150 m to 300 m broad high-grade zone of mineralization that plunges effectively under the drill holes reported on this launch,” Justin van der Toorn, VP Exploration for Reunion Gold defined.

Desk 1 – Chosen Vital Intersects under 500m depth inside Blocks 1 & 4

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* Estimated True Thickness (“ETT”) based mostly on a median dip / dip route of -65° / 095° to symbolize the orientation of the mineralized zone in Block 4.
** Vital intervals calculated utilizing a 0.3 g/t Au cutoff, 10m minimal size and 10m most consecutive inside waste. Included intervals calculated utilizing a 1.5 g/t Au cutoff, 3m minimal size and a 2m most consecutive inside waste.

Infill Drill Outcomes

The infill drilling program is designed to improve the inferred assets inside the MRE pit shell to an Indicated mineral useful resource class. The drill outcomes proven in Desk 2 and Determine 1 proceed as an example the sturdy continuity of the mineralization inside the MRE pit constraints. Highlights embody D-328, which intersected 75 m@ 4.07 g/t Au, gap D-288A which intersected 100 m @ 2.24 g/t Au, gap D-243W2 intersecting 98.8 m @ 2.13 g/t Au and gap D-325A intersecting 67.2 m grading 3.06 g/t all reported utilizing a 0.3 cutoff. The infill drill program will probably be accomplished by the tip of this 12 months.

Desk 2 – Chosen Vital Intersects above 500m depth inside Blocks 1 & 4

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* Estimated True Thickness (“ETT”) based mostly on a median dip / dip route of -65° / 095° to symbolize the orientation of the mineralized zone in Block 4.
** Vital intervals calculated utilizing a 0.3 g/t Au cutoff, 10m minimal size and 10m most consecutive inside waste. Included intervals calculated utilizing a 1.5 g/t Au cutoff, 3m minimal size and a 2m most consecutive inside waste.

Replace on launch of PEA

With the sturdy outcomes which were reported from the deep drilling program, which verify the potential for the higher-grade zone to proceed at depth, the Firm has determined to delay the discharge of the PEA till the tip of Q2/2024. This may enable the Firm to proceed to drill the high-grade zone right down to a depth of roughly 1000 meters with the objective of together with an underground mineral useful resource to be used within the PEA. As well as, it’s going to give the Firm time to research the potential to develop a mixed open pit and underground mining operation as a part of the PEA. The PEA will even have a look at, amongst different issues, the optimum transition level between open pit and underground mining in addition to the sequencing of the potential underground mine.

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Exploration

Along with the continued drilling on the Kairuni zone the Firm additionally continues to advance its exploration applications on the rest of the Oko West Prospecting License with the implementation of floor magnetics and IP geophysical surveys, RC drill applications and observe up diamond drill applications.

Drilling to the south of Block 4, on Blocks 5, 6, and seven, focuses on the southern continuation of the primary Kairuni mineralized development and speak to zone. Observe up diamond drilling on this space has intersected further zones of mineralization as proven on Determine 2 and as detailed within the related tables of great intervals accessible on the Firm’s web site.

Observe up of the geochem anomalies generated from shallow Scout RC drilling (sampling under the duricrust) on the Excessive Highway goal commenced with 23 standard RC holes accomplished, for a complete of two,444 m of drilling. The situation of those RC drill collars on the Excessive Highway goal space, positioned roughly 2 km northwest of the Kairuni MRE, is proven on Determine 3. Assays have been acquired for 5 of those holes, with R-1414 reporting 3.0 m @ 8.75 g/t Au from 58.0 m downhole. Additional assays are pending for this Excessive Highway goal space and different new goal areas.

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Pattern Assortment, Assaying and Information administration

Vital intervals on this press launch have been calculated utilizing a grade cut-off of 0.3 g/t Au, a minimal size of ten meters, and as much as ten meters most size of consecutive inside waste. Included vital intervals have been calculated utilizing a grade cut-off of 1.5 g/t Au, a minimal size of three meters, and as much as two meters most size of consecutive inside waste. Gold grades are uncapped. Mineralized intersection lengths should not essentially true widths and estimated true thickness (“ETT”) has been calculated utilizing an assumed airplane of mineralization dipping 65° in direction of 095°, consultant of the mineralization recognized in Block 4. Full drilling outcomes and drill gap information are posted on the Firm’s Web site. Diamond drill (DD) samples encompass half of both HQ or NQ core taken repeatedly at common intervals averaging 1.4 m, bagged, and labelled on the web site core shed. Reverse circulation (RC) drill samples are obtained from a rotary splitter connected to a Metzke cyclone, weighed, bagged, and tagged on the drill web site. All useful resource drilling samples are shipped to the Actlabs licensed laboratory in Georgetown, Guyana, respecting best-practice chain of custody procedures. Samples from the Scout RC program and up to date standard RC samples are shipped to MS Analytical in Georgetown utilizing the identical chain-of-custody procedures. At every laboratory, samples are dried, crushed to 80% passing 2 mm, riffle cut up (250 g), and pulverized to 95% passing 105 μm. Coarse blanks are inserted by the Firm, and are used between and following suspected high-grade intervals. Barren sand flushes are inserted by the analytical laboratory after every pattern is pulverized to scrub the bowl. Gold evaluation is carried out by means of a 50 g hearth assay with an atomic absorption end. Preliminary assays with outcomes above 3.0 g/t Au are re-assayed with a gravimetric end. Samples with seen gold are moreover assayed with a metallic display screen technique utilizing 1 kg of pulp. Licensed reference supplies and blanks are inserted at a charge of 5% of samples shipped to the laboratories. RC discipline duplicates and DD umpire pulp duplicates are additionally generated at a charge of 5% of samples. Pulp umpire duplicates are analyzed on the MSALabs licensed laboratory in Georgetown. Assay information is topic to QA/QC previous to accepting into the Firm database managed by an unbiased advisor.

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Certified Individual

The technical data on this press launch has been reviewed and authorised by Justin van der Toorn, the Firm’s VP, Exploration. Mr. van der Toorn (CGeol FGS, EurGeol) is a certified particular person underneath Canadian Nationwide Instrument 43-101.

About Reunion Gold Company

Reunion Gold Company is a number one gold explorer and developer within the Guiana Defend, South America. In early 2021, the Firm introduced an thrilling new greenfield gold discovery on the Kairuni zone on its Oko West challenge in Guyana, the place in June 2023, after 22 months of useful resource definition drilling, the Firm introduced an preliminary Mineral Useful resource Estimate containing 2.475 Moz of gold in Indicated assets grading 1.84 g/t Au and 1.762 Moz of gold in Inferred assets grading at 2.02 g/t (see NI 43-101 Technical Report Oko West Gold Venture, Cuyuni-Mazaruni Mining Districts, dated efficient June 1, 2023 accessible underneath the Firm’s profile on SEDAR+). Along with advancing growth of the Kairuni zone useful resource, the Firm is actively exploring a number of further precedence exploration targets at Oko West with the target of outlining further satellite tv for pc deposits.

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The Firm’s widespread shares are listed on the TSX Enterprise Alternate underneath the image ‘RGD’ and commerce on the OTCQX underneath the image ‘RGDFF’. Extra details about the Firm is out there on SEDAR+ (www.sedarplus.ca) and the Firm’s web site (www.reuniongold.com).

For additional data, please contact:

REUNION GOLD CORPORATION
Rick Howes, President and CEO, or Doug Flegg, Enterprise Improvement Advisor
E: doug_flegg@reuniongold.com
E: data@reuniongold.com
Phone: +1 450.677.2585

Cautionary Disclaimer Relating to Ahead-Wanting Statements

This press launch accommodates forward-looking statements and forward-looking data inside the that means of Canadian securities legal guidelines (collectively, “forward-looking statements”). Statements and knowledge that aren’t historic information are forward-looking statements. Ahead-looking statements are steadily, however not all the time, recognized by phrases reminiscent of “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “doable” and comparable expressions, or statements that occasions, situations, or outcomes “will”, “might”, “may” or “ought to” happen or be achieved. Ahead-looking statements and the assumptions made in respect thereof contain recognized and unknown dangers, uncertainties and different components past the Firm’s management. Ahead-looking statements on this press launch embody statements concerning plans to finish drilling and different exploration applications and research, exploration and drill outcomes, interpretation of such exploration and drill outcomes, potential mineralization, expectations concerning completion of a preliminary financial evaluation, ahead wanting assumptions used regarding the mineral assets estimates, expectations to broaden the assets at depth and elsewhere inside the Oko West Venture, in addition to statements concerning beliefs, plans, expectations or intentions of the Firm. Mineral exploration is extremely speculative, characterised by a number of vital dangers, which even a mixture of cautious analysis, expertise and information might not remove. Seek advice from the Firm’s most up-to-date annual data type dated Could 9, 2023 for an outline of such dangers.

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Ahead-looking statements on this press launch are made as of the date herein. Though the Firm believes that the assumptions and components utilized in getting ready the forward-looking statements on this press launch are affordable, undue reliance shouldn’t be positioned on such statements. The Firm undertakes no obligation to replace publicly or in any other case revise any forward-looking statements, whether or not because of new data or future occasions or in any other case, besides as could also be required by legislation.

Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) settle for accountability for the adequacy or accuracy of this press launch.

Determine 1 – Inclined lengthy part throughout Block 4, displaying chosen outcomes and drill gap areas reported on this press launch. ETT = Estimated True Thickness; Vital intersects are calculated utilizing a 0.3 g/t Au cutoff, 10 m minimal down gap size and 10 m most consecutive inside dilution; Included intersects are calculated utilizing a 1.5 g/t Au cutoff, 3 m minimal down gap size and a pair of m most consecutive inside dilution.
LINK TO FIGURE 1: https://www.reuniongold.com/231019-pr?lightbox=dataItem-kn7b0389

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Determine 2 – Inclined lengthy part throughout Block 4, displaying chosen outcomes and drill gap areas reported on this press launch. Vital intersects are calculated utilizing a 0.3 g/t Au cutoff, 10 m minimal size and 10 m most consecutive inside dilution; Included intersects are calculated utilizing a 1.5 g/t Au cutoff, 3 m minimal size and a pair of m most consecutive inside dilution.
LINK TO FIGURE 2: https://www.reuniongold.com/231019-pr?lightbox=dataItem-kn7b03892

Determine 3 – MaxCAT RC drilling of geochem anomalies positioned on the Excessive Highway goal space, proven in relation to the Oko West useful resource.
LINK TO FIGURE 3: https://www.reuniongold.com/231019-pr?lightbox=dataItem-kn7ca6051

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