Mr. Rick Howes reports

REUNION GOLD ANNOUNCES CLOSING OF C$70 MILLION BOUGHT DEAL FINANCING

Reunion Gold Corp. has closed its previously announced bought deal public offering of common shares which was conducted by a syndicate of underwriters. The syndicate was co-led by BMO Capital Markets (BMO) and SCP Resource Finance LP, with BMO acting as sole bookrunner, and included Cormark Securities Inc., Paradigm Capital Inc., Canaccord Genuity Corp., Stifel Nicolaus Canada Inc. and iA Private Wealth Inc. The underwriters acquired an aggregate of 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. 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.

"We are very pleased to have successfully closed this financing in what we know is a challenging market for investors," said Rick Howes, president and chief executive officer of the company. "We are also delighted to welcome La Mancha Investments Sarl as a shareholder of the company. Their support and participation in this financing was a critical piece that will allow us to continue to advance the Oko West project towards the next stage of development. We also appreciate the continued support of our largest shareholders and welcome new shareholders to our company."

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 offering was completed by way of a prospectus supplement dated Sept. 20, 2023, to the company's short form base shelf prospectus dated Aug. 16, 2023. Copies of the prospectus supplement and base shelf prospectus are available on SEDAR+.

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.

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