Mr. Rick Howes reports

REUNION GOLD COMMENTS ON THE BORDER CONTROVERSY BETWEEN GUYANA AND VENEZUELA

Reunion Gold Corp. has commented on the border controversy between the Co-operative Republic of Guyana and the Bolivarian Republic of Venezuela following a consultative referendum held last week in Venezuela.

The internationally recognized border between Guyana and Venezuela was established on Oct. 3, 1899, by an arbitration panel (arbitral award of Oct. 3, 1899). In 1962, Venezuela claimed that the decision was invalid. Guyana brought this matter before the International Court of Justice in 2018 asking the court to confirm the 1899 arbitral award.

The recent escalation of Venezuela claims over what is referred to as the Essequibo region is widely attributed to recent oil discoveries by ExxonMobil and other companies in offshore areas intersecting the Essequibo region as well as the coming elections in Venezuela. The consultative referendum was asking citizens of Venezuela whether they favour the creation of a new Venezuelan state that purports to incorporate Guyana's Essequibo region into its own territory.

Venezuela's unilateral claim over the Essequibo region and recent actions have been widely discredited. Antony Blinken, U.S. Secretary of State, reaffirmed last week the United States' support for Guyana in the continuing border controversy. Venezuela President Nicolas Maduro and Guyana President Mohamed Irfaan Ali have agreed to a high-level meeting on Dec. 14, 2023, following a flurry of diplomacy involving leaders of countries, including Brazilian President Luiz Inacio Lula da Silva, who will attend the meeting as an observer.

Reunion Gold wishes to emphasize that, amidst these geopolitical developments and the recent consultative referendum results, the company's commitment to Guyana remains steadfast. The Oko West project exploration activities at site and development studies continue to progress as planned. The company is dedicated to its strategy of exploring across Guyana's diverse and mineral-rich regions and is continuing, unabated, its efforts to establish the next large-scale mining operation in the country.

As the situation unfolds, Reunion Gold will monitor developments closely, upholding its commitment to responsible and sustainable resource exploration and development in Guyana.

About Reunion Gold Corp.

Reunion Gold is a leading gold explorer and developer in the Guiana Shield in South America. In early 2021, the company announced an exciting new greenfield gold discovery at the Kairuni zone on its Oko West project in Guyana. The company's Oko West project is situated within the Essequibo region, approximately 200 kilometres east of the disputed border.

In June, 2023, the company announced an initial mineral resource estimate containing 2,475,000 ounces of gold in indicated resources grading 1.84 grams per tonne gold and 1,762000 ounces of gold in inferred resources grading at 2.02 grams per tonne gold (see National Instrument 43-101 technical report on the Oko West gold project, dated June 1, 2023, on the company's website and on SEDAR+). In addition to advancing development of the Kairuni zone resource, the company is actively exploring several additional priority exploration targets at the Oko West project with the objective of outlining additional satellite deposits.

The company's common shares are listed on the TSX Venture Exchange under the symbol RGD and trade on the OTCQX under the symbol RGDFF.

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