REUNION GOLD ANNOUNCES CLOSING OF TRANCHE 2 OF PRIVATE PLACEMENT FOR AGGREGATE GROSS PROCEEDS OF $5,250,000

Not for distribution to United States newswire services or for dissemination in the United States.

June 22, 2010. Longueuil, Qu?bec - Reunion Gold Corporation (TSX-V: RGD) ("Reunion" or the "Company") is pleased to announce that it has closed the second and final tranche of the $5,250,000 non-brokered private placement announced on May 7, 2010 and May 28, 2010 (the "Financing"). The Company has issued an additional 21,050,000 units ("Units") at a price of $0.10 per Unit for additional gross proceeds of $2,105,000 for tranche 2. Each Unit consists of one common share of Reunion and one common share purchase warrant ("Warrant"). Each Warrant is exercisable to acquire one additional common share at a price of $0.20 per common share for a period of 24 months, subject to the Company's right to accelerate the Warrant exercise. In connection with securing the acceptance of the TSX Venture Exchange of the Financing, the Company agreed not to exercise the acceleration right in circumstances where the exercise of the Warrants could cause a holder to then hold in excess of 19.99% of the issued shares of the Company, other than in circumstances where the Company obtains shareholder approval to such exercise. Insiders of the Company purchased an aggregate of 3,225,000 Units under both tranches of the Financing. No finder's fees or commissions were paid in connection with the Financing.

Under applicable Canadian securities laws, all securities issued under tranche 2 of the Financing are subject to a hold period expiring October 22, 2010.

The Company intends to apply the proceeds raised from the Financing for general working capital including but not limited to funding the Company's general and administrative expenses and providing a reserve for asset acquisition.

Additional information about the Company is available through regular filings and press releases on SEDAR and on the Company's website at www.reuniongold.com.

.

Forward-Looking Information

This news release contains certain "forward-looking information" under Canadian securities laws. All statements that address future activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. Specifically, this news release contains forward looking information about the Company's plans to acquire new assets. Forward looking information is based upon assumptions by management that are subject to known and unknown risks and uncertainties beyond the Company's control, including risks related to capital markets and the availability of financing for companies such as the Company. There can be no assurance that outcomes anticipated in the forward looking information will occur, and actual results may differ materially for a variety of reasons. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information, except as may be required by law.

"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

For further information please contact: