Mr. Rick Howes reports

REUNION GOLD ANNOUNCES C$70 MILLION BOUGHT DEAL FINANCING

Reunion Gold Corp. has entered into an agreement with BMO Capital Markets, on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 152.2 million common shares in the capital of the company, at a price of 46 cents per common share for gross proceeds of approximately $70-million. BMO Capital Markets and SCP Resource Finance will act as co-lead underwriters for this offering, with BMO Capital Markets acting as sole bookrunner. The company has granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the offering, to purchase up to an additional 15 per cent of the offering to cover overallotments, if any. The offering is expected to close on or about Sept. 26, 2023, and is subject to the company receiving all necessary regulatory approvals.

The company intends to use the net proceeds from the offering for continued advancement of the company's Oko West project in Guyana and for general corporate purposes.

The common shares will be offered by way of a prospectus supplement to the company's short form base shelf prospectus dated Aug. 16, 2023, which prospectus supplement will be filed with the securities commissions and other similar regulatory authorities in each of the provinces of Canada, other than Quebec.

About Reunion Gold Corp.

Reunion Gold is a leading gold explorer in the Guiana Shield, South America. In early 2021, the company announced an exciting new greenfield gold discovery at its Oko West project in Guyana, where after 22 months of resource definition drilling the company has announced an initial mineral resource estimate containing 2,475,000 ounces of gold in indicated resources grading 1.84 grams per tonne Au and 1,762,000 oz of gold in inferred resources grading at 2.02 g/t. The mineralization in the Kairuni zone appears to be open-pit amenable with a strong grade profile, and the company is continuing with additional activities relating to the delivery of a preliminary economic assessment by the end of Q4 2023. In addition to Kairuni, there are several additional priority exploration targets on the Oko West project area that the company is also exploring. See the company's technical report titled "NI 43-101 Technical Report Oko West Gold Project Cuyuni-Mazaruni Mining Districts, Guyana" with an effective date of June 1, 2023, for additional information about the mineral resource estimate.

We seek Safe Harbor.