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LONGUEUIL, Quebec, Dec. 11, 2023 (GLOBE NEWSWIRE) — Reunion Gold Corporation (TSXV: RGD; OTCQX: RGDFF) (the “Company” or “Reunion Gold”) to comment on the border dispute between the Cooperative of the Republic of Guyana and the Bolivarian Republic of Venezuela following a consultative referendum held last week in Venezuela.
The globally identified border between Guyana and Venezuela was established on 3 October 1899 through an arbitration committee (arbitral award of 3 October 1899). In 1962, Venezuela declared the resolution invalid. Guyana took the case to the International Court of Justice in 2018. asking him to affirm the arbitral award of 1899.
The recent escalation of Venezuela’s claims to the so-called Essequibo region is largely attributed to recent oil discoveries through ExxonMobil and other corporations in offshore spaces passing through the Essequibo region, as well as upcoming elections in Venezuela. The consultative referendum asked the citizens of Venezuela whether they were in favor of the creation of a new Venezuelan state that would seek to incorporate the Essequibo region of Guyana into its own territory.
Venezuela’s unilateral claim to the Essequibo region and its recent moves have been widely discredited. Last week, Secretary of State Antony Blinken reaffirmed U. S. support for Guyana in the ongoing border dispute. Venezuelan President Nicolas Maduro and Guyana President Mohamed Irfaan Ali have agreed to hold a high-level assembly on Dec. 14, following a wave of international relations involving the country’s leaders, adding Brazilian President Luiz Inácio Lula da Silva, who will attend the assembly as an observer.
Reunion Gold wishes to emphasize that, amidst these geopolitical developments and the recent consultative referendum results, our 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 it evolves, Reunion Gold will closely monitor Array’s compliance with our commitment to the exploration and progress of guilty and sustainable resources in Guyana.
About La Réunion Gold Corporation
Reunion Gold Corporation is a leading gold explorer and developer in the Guiana Shield, 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 kilometers east of the disputed border.
In June 2023, the Company announced an initial mineral resource estimate containing 2,475 Moz gold in indicated resources grading 1. 84 g/t Au and 1,762 Moz gold in inferred resources grading 2. 02 g/t (see NI 43-101 Oko West Gold Project Technical Report dated June 1, 2023 on the Company and on SEDAR). In addition to advancing resource progression in the Kairuni Zone, the Company is actively exploring several additional preceding exploration targets in the Oko West allocation for the purpose of defining further satellite deposits.
The Company’s common stock is indexed on the TSX Venture Exchange under the ticker symbol “RGD” and the industry stock on the OTCQX under the ticker symbol “RGDFF. “Additional information about the Company can be obtained on SEDAR (www. sedarplus. ca) and on the Company’s website (www. reuniongold. com).
For further information, please contact:
REUNION GOLD CORPORATION Rick Howes, President and CEO, or Doug Flegg, Business Development AdvisorE: [email protected]: [email protected]: +1 450.677.2585
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements and forward-looking information within the meaning of Canadian securities laws (collectively, “forward-looking statements”). Statements and information that are not historical facts are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible” and similar expressions, or statements that events, conditions, or results “will”, “may”, “could” or “should” occur or be achieved. Forward-looking statements and the assumptions made in respect thereof involve known and unknown risks, uncertainties and other factors beyond the Company’s control. Forward-looking statements in this press release include statements regarding our plans to continue our programs and studies as planned as well as statements regarding beliefs, plans, expectations or intentions of the Company. Mineral exploration is highly speculative, characterized by several significant risks, which even a combination of careful evaluation, experience and knowledge may not eliminate. Risks and uncertainties include: timing and cost of exploration programs and studies; results of exploration activities including drill results; timing of completion of a PEA; uncertainties inherent with conducting business in foreign jurisdictions including corruption, civil unrest, political instability; geopolitical risks including risks related to border disputes; unanticipated title disputes; risks related to mineral resource estimates and the resource model; uncertainties related to the results of the ongoing drilling program at depth and the potential to include an underground mineral resource in the anticipated PEA; gold and other commodity price volatility; recoveries of gold; risks associated with the recurrence of COVID-19 or future pandemics; labor force shortages; delays in obtaining governmental approvals or financing; risks regarding potential and pending litigation proceedings relating to the Company’s termination of the Strategic Alliance with Barrick Gold Corporation; regulatory risks and liabilities including, regulatory environment and restrictions; metallurgical testing and recoveries and other risks of the mining industry; currency fluctuations; speculative nature of gold exploration; dilution; share price volatility; competition; and loss of key employees. Refer to the Company’s most recent annual information form dated May 9, 2023 for a description of certain risks and uncertainties.
Forward-looking statements contained in this press release are made as of the date indicated. Although the Company believes that the assumptions and points used in preparing the forward-looking statements contained in this press release are reasonable, undue reliance should not be placed on it. placed in such statements. The Company assumes no legal responsibility to publicly update or otherwise revise any forward-looking statements, whether as a result of new information, long-term events or otherwise, unless required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is found in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.