Mr. Rejean Gourde reports

REUNION GOLD ANNOUNCES CLOSING OF FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Reunion Gold Corporation has closed a second and final tranche of the non-brokered private placement disclosed on Aug. 23, 2017. The company has issued 6,157,800 units at a price of 13 cents per unit for gross proceeds of $800,514. The company raised an aggregate of $10,980,449 under the financing.

Each unit sold under the financing consists of one common share of Reunion and one-half of one common share purchase warrant. Each whole warrant may be exercised for one common share at a price of 20 cents per common share for a period of 36 months, subject to the company's right to accelerate the expiry date in the event that the company's shares trade on the TSX Venture Exchange at a closing price of 40 cents or greater for 20 consecutive trading days at any time after June 18, 2018. Pursuant to applicable Canadian securities laws, the common shares and warrants issued to subscribers under the financing are subject to a four-month hold period. Following closing of the final tranche, the company has 271,916,587 common shares and 42,232,495 warrants issued and outstanding.

The company also announces that it has retained Paradigm Capital Inc. to act as its financial adviser. Consideration for the advisory services will include the issuance by the company of 2.8 million non-transferable warrants, exercisable for three years at 20 cents per share, subject to applicable TSX-V policies.

With the completion of the financing, the company has been planning exploration activities on the projects under option in both French Guiana (namely the Dorlin, Boulanger and Haute Mana projects) and the co-operative republic of Guyana (the Aremu project). The initial focus of the activities in French Guiana will be the compilation of historical exploration data on all projects and the validation of the Dorlin geological database (including resampling available drill core). The company will also be planning follow-up programs at all three projects, which may include deep auger saprolite geochemistry, trenching and diamond drilling, subject to obtaining all required permits. The immediate focus of the company's exploration team in the co-operative republic of Guyana will be reviewing the available geological and artisanal gold mining information and planning a follow-up program.

Exploration activities in French Guiana will be supervised by Dominique Fournier, the company's new exploration manager. Mr. Fournier, who began working for Reunion in early September, holds a doctorate degree in applied geology from Paris University and is a member of the European Federation of Geologists. He brings more than 30 years of experience in the minerals industry in operational and managerial capacities. He has worked for major and mid-tier mining companies, such as Asarco and Alamos Gold as exploration manager and as vice-president exploration for junior mining companies. His work experience covers a variety of countries and geological environments including Canada, Mexico, French Guiana, Mongolia, West and East Africa, and Turkey. He was involved in the discovery or expansion of five gold deposits in French Guiana and Turkey.

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