Belvedere Resources Ltd.

Published : March 25th, 2011

REBgold Signs LOI with Belvedere on the Kiimala and Rantasalmi Gold Properties in Finland

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Re:   News Release - Thursday, March 24, 2011
      REBgold Signs LOI with Belvedere on the Kiimala and Rantasalmi
      Gold Properties in Finland
=======================================================================

Toronto, Canada, March 24 , 2011 - REBgold Corporation ("REBgold" or
the "Company", TSX.V: RBG) is pleased to announce that the Company has
signed a Letter of Intent ("LOI") with Belvedere Resources Finland oy
("BelFin"), a wholly-owned subsidiary of Belvedere Resources
("Belvedere", TSX.V:BEL) for REBgold to earn an interest in two of
BelFin's gold properties in Central Finland, the Kiimala and Rantasalmi
properties (the "Properties").

Mark Burridge, Chairman of REBgold, commented "These are gold projects
with significant upside potential that may be further enhanced by the
use of our technology. We look forward to working with Belvedere, a
company that has a strong track record in Finland, a country that is
recognized as a good jurisdiction for mining investment."

The Properties contain drilled deposits with Indicated and Inferred
Resources along with a number of surface gold occurrences. On both
properties the gold occurrences are associated with 2nd order splays
off large shear zones, and subcrop over strike lengths of 3 to 20
kilometers.

The mineral resources, which have previously been reported by Belvedere
(information of which can be found on their website and Sedar filings)
will be reviewed, updated and reported by REBgold as information is
developed over the next few months.

The LOI creates a binding obligation on the parties to negotiate the
necessary agreements in good faith and sets out the framework for the
Earn-In Agreement, subject to certain conditions being met, including
due diligence procedures.  The LOI calls for an initial cash payment of
CDN $100,000 to BelFin once the formal documents have been executed.
REBgold can earn a 50% interest in the Properties by making
expenditures of CDN $6M in a 4 year period.  During the first year,
REBgold must spend a minimum of CDN $1.5M on the Properties. After the
earn-in has been completed a decision as to whether to proceed to a
feasibility study will be made and, if REBgold elects, it will have a
period of a further 2 years to complete the feasibility study. By
completing the feasibility study, REBgold's stake would increase to
between 55% and 75%, depending on the level of BelFin's contribution to
the study. A further 5% interest may be earned through the contribution
of BACOX technology to the Projects.

The completion of this transaction is subject to a number of conditions
including regulatory approvals. This transaction is expected to close
within 3 months, subject to due diligence and definitive documentation.

The Kiimala Property consists of 7.8 km2 of contiguous claims and claim
applications with at least seven drilled gold occurrences (K1 -- K7)
occurring from surface. Only the K1 (�ngesneva) occurrence has been
followed up with sufficient drilling to delineate an NI 43-101
compliant resource. Further targets beyond the drilled occurrences
exist on the property.

The Rantasalmi Property consists of 10.1 km2 of claims and claim
applications and contains both the Osikonm�ki and Piril� gold
occurrences. The Osikonm�ki East and West gold mineralizations lie at
either end of the 3km long Osikonm�ki shear, which remains open and
unexplored in both directions along strike, and down dip. All recent
drilling has focused on the Osikonm�ki East mineralization, and a 3000
meter drill program is currently underway on the property. Further
targets and parallel shear zones remain to be tested on the property.

Forward Looking Statement:
Some of the statements contained herein may be forward-looking
statements, which involve known and unknown risks and uncertainties.
Without limitation, statements regarding future plans and objectives of
the Company are forward-looking statements that involve various degrees
of risk. It is important to note that the Company's actual results
could differ materially from those in such forward-looking statements.

REBgold PROFILE

REBgold is in the process of acquiring and developing economic
interests in gold assets, in particular, where it can utilize its
competitive advantages, to create shareholder value.

The Company's key competitive advantages include an experienced board
and management team, strategic investor backing and proprietary
technology. The Company's bacterial oxidation and bioleaching
technologies are commercially proven for the liberation of precious
metals from difficult-to-treat sulphide ores and concentrates, with
environmental and economic benefits. To date, the Company's BACOX
technology has been used at three gold mines located in Western
Australia, Tasmania and China.

For further information contact:

EJ Spencer
Corporate and Investor Relations Administrator
416-646-1850 X 242

=======================================================================
Copyright (c) 2011 REBGOLD CORPORATION (RBG)  All rights reserved.  For
more information visit our website at http://www.reb-gold.com/ or send
mailto:info@reb-gold.com
=======================================================================
.
Data and Statistics for these countries : Canada | China | Finland | Tasmania | All
Gold and Silver Prices for these countries : Canada | China | Finland | Tasmania | All

Belvedere Resources Ltd.

DEVELOPMENT STAGE
CODE : BEL.V
ISIN : CA0809031077
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Belvedere Res. is a nickel and copper exploration company based in Canada.

Belvedere Res. develops nickel, copper and cobalt in Finland, and holds various exploration projects in Finland.

Its main assets in development are HAUTALAMPI and HITURA in Finland and its main exploration properties are LUIKONLAHTI MILL, HIRSIKANGAS, HAARAKUMPU, KIIMALA, VALKEISENRANTA, SAHAKOSKI, OSIKONMÄKI, SARKINIEMI, RANTASALMI and MÄNTYMÄKI in Finland.

Belvedere Res. is listed in Canada. Its market capitalisation is CA$ 60.6 millions as of today (US$ 46.7 millions, € 39.7 millions).

Its stock quote reached its highest recent level on June 13, 1997 at CA$ 9.99, and its lowest recent point on January 01, 2016 at CA$ 0.01.

Belvedere Res. has 73 904 013 shares outstanding.

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Financings of Belvedere Resources Ltd.
12/24/2013=3A Proposed Private Placement and Share Consolidation
2/15/2011Belvedere Issues 19,094,286 Shares Under Convertible Loan
2/1/2011Belvedere Completes 3,000,000 Private Placement
1/12/2011Private Placement to raise up to CAD $2.5 million
Financials of Belvedere Resources Ltd.
8/30/2013Reports Financial and Operating Results for Second Quarter o...
5/30/2013Reports Financial and Operating Results for First Quarter of...
7/9/2011Reports Financial and Operating Results for Q1 2011 -Correct...
Project news of Belvedere Resources Ltd.
8/14/2013(Hitura)Hitura Tailings Expansion Selected as Test Bed for EU Life T...
7/20/2013(Hitura)Provides Status Update on Hitura Nickel Mine and Kopsa Gold ...
5/23/2013(Hitura)to Suspend Nickel Mining Operations at Hitura Nickel Mine
1/28/2013(Hitura): Hitura Mine Operational Update
1/9/2013Belvedere Commences Follow-Up Drilling on Their Antikanper
4/24/2012High Grade Gold Discovery at Osikonmaki Prospect Confirmed a...
2/29/2012Osikonmaki Yields Intersection of 9.6 Metres Averaging 10.0 ...
1/18/2012Reports Further High Grade Gold Drill Results at Kopsa
12/5/2011Ltd: Gold Results From Drilling at Kopsa
10/11/2011Belvedere Significantly Increases Gold Resources on Their Os...
6/30/2011(Rantasalmi)Drilling Continues to Grow Belvedere's Osikonmaki Gold Prosp...
5/18/2011Osikonm=E4ki Prospect delivers further high-grade gold inter...
3/30/2011(Osikonmäki)drills high-grade gold at their Osikonm=E4ki Prospect in Fin...
3/24/2011(Rantasalmi)Signs LOI With REBgold on the Kiimala and Rantasalmi Gold Pr...
3/24/2011(Kiimala)Signs LOI With REBgold on the Kiimala and Rantasalmi Gold Pr...
2/23/2011(Hitura)Commences Open-Pit Expansion Studies at the Hitura Nickel Mi...
2/1/2011(Osikonmäki)commences drilling on their Rantasalmi Gold Property
7/29/2010(Hitura)Restarts production ahead of schedule
6/17/2010(Hitura)On track for the restart
6/2/2010(Kiimala)Indicated Resource Estimate for the K1(Ängesneva) occurrence
5/7/2010Intersects 92 metres averaging 3.2 g/t gold at Kopsa
4/8/2010(Hitura)Plans to Restart the Mine and the Signing of an Offtake Agre...
3/23/2010(Hitura)Evaluates Potential For The Restart & Commences Drilling on ...
2/15/2010(Hitura)Belvedere Re-Acquires Hitura Nickel Mine from Administrators
12/2/2009(Hirsikangas)Maiden Resource Estimate For Hirsikangas
10/7/2009(Kiimala)commences drilling on their Kiimala Gold Property
Corporate news of Belvedere Resources Ltd.
12/23/2015Belvedere Mining Oy Initiates Voluntary Bankruptcy Proceedin...
3/4/2015Belvedere-Corporate Update
1/27/2015Belvedere Closes Private Placement
12/26/2014Belvedere Resources Ltd.: Correction to December 24, 2014 Ne...
12/24/2014Belvedere Resources Limited: First Tranche of Private Placem...
11/28/2014Belvedere Reports Third Quarter 2014 Financial and Operating...
11/27/2014Belvedere Resources Ltd.: Private Placement
11/20/2014Belvedere Resources Ltd.: Private Placement
10/15/2014Belvedere Resources Ltd: Private Placement and Loan
8/29/2014Belvedere Reports Second Quarter 2014 Financial and Operatin...
7/29/2014Belvedere Closes Non-Brokered Private Placement (Revised)
7/4/2014Belvedere Resources Limited: Proposed Private Placement
5/30/2014Belvedere Reports First Quarter 2014 Financial and Operating...
5/14/2014Belvedere Starts Further Tests on Open-Pit Nickel Ore for Pr...
5/1/2014Belvedere Reports Annual and Fourth Quarter Financial and Op...
4/30/2014CORRECTION FROM SOURCE: Belvedere Closes Non-Brokered Privat...
4/30/2014Belvedere Closes Non-Brokered Private Placement
4/16/2014Belvedere Resources Ltd.: Proposed Non-Brokered Private Plac...
11/29/2013Financial and Operating Results Q3 2013
10/2/2013News Release
10/2/2013Announces Positive PEA on Their Kopsa Gold Copper Project
8/24/2013Announces Agreement With Jinchuan to Defer Preference Shares...
5/1/2013Reports Financial and Operating Results for 2012
3/19/2013Belvedere Confirms Gold Mineralisation Along 2.5 KM Strike a...
3/19/2013Confirms Gold Mineralisation Along 2.5 KM Strike at Antikanp...
2/8/2013: Disclosure Clarification
1/18/2013Booth 1043 Vancouver Resource Investment Conference
1/9/2013Commences Follow-Up Drilling on Their Antikanperä Gold Disco...
10/29/2012Belvedere Announces Mineral Resource Estimate for Kopsa Gold...
10/29/2012Announces Mineral Resource Estimate for Kopsa Gold-Copper Pr...
10/17/2012Belvedere Resources: Osikonm=C3=A4ki East Hanging Wall gold ...
10/17/2012Osikonmaki East Hanging Wall Gold Zone Extended to 200m Down...
9/19/2012: Significant New Gold Discovery on Antikanperä Property
8/30/2012Reports Financial and Operating Results for Second Quarter o...
8/13/2012Belvedere Resources Ltd. Recent Drilling Confirms Potential ...
6/15/2012Belvedere Welcomes New Director
5/31/2012Reports Financial and Operating Results for First Quarter of...
4/30/2012Financial and Operating Results for 2011
4/19/2012Belvedere converts Open Pit Resources to Reserves at Hitura ...
3/1/2012Belvedere Substantially Increases Resources at Hitura Nickel...
1/9/2012(Hitura)Renews Offtake Agreement for Hitura Mine Concentrate
11/29/2011Reports Financial and Operating Results for Q3 2011
8/29/2011Reports Financial and Operating Results for Q2 2011
8/16/2011Engages Investor Relations Firm
7/21/2011REBgold and Belvedere move forward with Finnish JV
7/6/2011Reports Financial and Operating Results for Q1 2011
6/16/2011Kopsa Project Generates +90% Gold and Copper Recoveries Into...
5/3/2011Reports Financial and Operating Results for 2010
4/20/2011Announces Amendment to Agreement With Jinchuan
3/25/2011REBgold Signs LOI with Belvedere on the Kiimala and Rantasal...
8/19/2010Closes Convertible Loan Facility
11/17/2009Announces Material Change
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