Ono West Project Extended With Deepest Drill Hole To Date

LONGUEUIL - Reunion Gold Corporation reported significant new gold intersections from its ongoing phase 3 drill program at its Oko West project in Guyana. Hole D21-053, which represents the deepest mineralized intersection to date, returned gold mineralization of 2.69 g/t over 59.0 m to a vertical depth of approximately 222 m below surface in unweathered rock. Hole D21-054, the third deepest hole drilled to date, also extended the deposit to depth in unweathered rock, returning 2.98 g/t over 64.50 m to a vertical depth of approximately 194 m.

These recent drill holes demonstrate that gold mineralization continues strongly at depth into unweathered rocks. Lateral continuity of mineralization in the northern 2.5 km of the deposit continues to be confirmed. The Oko West deposit remains open along strike and to depth. The southern 3.5 km of the 6 km long geochemical gold anomaly remains open and largely untested.

The reported results are part of the ongoing 9,000-meter phase 3 drill program at Oko West, followed by a planned 15,000-meter phase 4 program. The ongoing program aims at continuing to expand the resource laterally and along strike between existing fences of drilling and, importantly, to continue to expand the deposit to depth into the unweathered rocks..

Carlos Bertoni, Interim CEO, said, "We are pleased by the lengths and grades of the mineralized intersections being reported. The deposit shows good continuity and is expanding at depth in the northern 2.5 km stretch of the soil gold anomaly, where most of the drilling has occurred to date. The phase 4, 15,000-meter drill program, is expected to be completed by the second quarter of 2022, with the goal of outlining a significant maiden resource at Oko West contained within an open pit."

The next steps to advance the Oko West deposit over the next six months are as follows: Continue drill testing aimed at expanding the deposit laterally, along strike and to depth along the northern 2,500 meters of mineralization; Use the RC rig to drill "scout" holes to test the southern 3.5 km of the geochemical anomaly and to look for potential parallel deposits to the west of the known deposit; Follow up the initial positive metallurgical results, with a complete metallurgical test plan; and Launch an environmental baseline study to IFC standards.