Mr. Rick Howes reports

REUNION GOLD ANNOUNCES THE SIGNING OF A MINERAL AGREEMENT WITH THE GOVERNMENT OF GUYANA FOR ITS OKO WEST PROJECT

Reunion Gold Corp. has signed a mineral agreement with the Co-operative Republic of Guyana and the Guyana Geology and Mines Commission. The mineral agreement provides the company and its 100-per-cent-owned Guyanese subsidiary with stable fiscal and operating conditions during the life of the Oko West gold project. The terms in the agreement are consistent with current standard terms established by the country.

Rick Howes, president and chief executive officer of Reunion Gold, stated: "I am pleased to have executed our mineral agreement with the government of Guyana. This significant milestone marks an important derisking step towards the development of the Oko West project and underscores the robust support extended by the government of Guyana towards the project's development."

As part of the agreement, the company has committed to prioritizing the employment of qualified and suitable Guyanese individuals and to supplement this by implementing a comprehensive training program to develop the additional skills required to facilitate the employment of Guyanese personnel at all levels of operations. The company believes that fostering and training local talent will contribute to the sustainable development of the country.

In addition to its commitment to work force development, the company has agreed to establish a financial support program for environmental and social projects. The company will finance $1-million (U.S.) per year toward initiatives that promote environmental sustainability and address social needs within surrounding communities. This commitment will start upon commencement of commercial production or within 24 months from the issuance of a mining licence, whichever would come first.

All of these initiatives highlight the company's dedication to sustainable mining development, which minimizes environmental impacts, positively impacts the communities it works in and creates lasting benefits for Guyana.

The company is moving forward with development studies to advance Oko West toward a construction decision. As part of this work, it expects to complete a preliminary economic assessment by mid-2024, which will provide an estimate of the key economic parameters of the project.

About Reunion Gold Corp.

Reunion Gold is a leading gold explorer in the Guiana Shield, South America. In 2020, the company confirmed an exciting new greenfield gold discovery at its Oko West project in Guyana, and released its maiden mineral resource estimate in June, 2023, after just 22 months of resource definition drilling. In February, 2024, the company released an updated mineral resource estimate containing a total of 4.3 million ounces of gold in indicated resources grading 2.05 grams per tonne and 1.6 million ounces of gold in inferred resources grading 2.59 g/t. This 2024 MRE includes an underground Resource containing 1.1 million ounces of gold at a grade of 3.12 g/t Au in the inferred category (see the company's Feb. 26, 2024, press release for additional information about the 2024 MRE). The company is moving forward with development studies to advance the project. The company continues to work on expanding the MRE at the project and to explore other priority targets at Oko West that lie outside of the area of the MRE, as well as leveraging its considerable experience in uncovering new discoveries in the Guiana Shield to acquire and explore additional new projects in the region.

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