REBgold Announces Final Drill Holes Expand Strike and Confirms Continuity of Mineralization

REBgold Corporation ("REBgold" or the "Company") (TSX VENTURE:RBG) is pleased to
announce that the final three drill holes for Phase 2 of the 2012 drill program
at the Rantasalmi property of Osikonmaki East in Finland has been completed (JV
with Belvedere Resources) (TSX VENTURE:BEL).


Highlights



--  BELOSI098 intersects 16.7m @ 2.2 g/t Au extending the HW zone to 200m
    downplunge from surface 
--  BELOSI096 intersects 12.6 m @ 1.6 g/t Au defining up-dip limits to HW
    zone 



Two holes BELOSI 96 and 98 were drilled in the eastern end of the Osikonmaki
shear zone aimed at extending the high grade hanging wall zone discovered in
2011. BELOSI 097 was drilled to investigate one of the anomalies resulting from
the recent geophysical survey and though it intersected shearing and sulphides
did not contain significant gold. More drilling needs to be completed in this
area given the lode nature of the mineralization and extent of the Geophysics
anomaly.


Mark Burridge, Chairman, comments, "The 2012 drill program has been very
successful in establishing the potential of the project. Areas of both high
grade and bulk tonnage type mineralization have been defined and the system
remains open along strike, at depth and in associated district structures with
the geophysics helping to confirm this potential. While more work remains to be
done, there is clearly potential for a significant mineralized system to be
delineated."




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                                                             Au          
Hole_ID            From          To     Interval (m)      (g/t)        GT
-------------------------------------------------------------------------
BELOSI096         29.73       36.16             6.43       0.77         5
-------------------------------------------------------------------------
BELOSI096         51.72       55.57             3.85       0.75       2.9
-------------------------------------------------------------------------
BELOSI096         61.11        73.7            12.59       1.65      20.8
-------------------------------------------------------------------------
including         61.11       65.77             4.66       1.43       6.7
-------------------------------------------------------------------------
including         69.59       73.25             3.66       3.71      13.6
-------------------------------------------------------------------------
BELOSI098        108.13      124.81            16.68       2.21      36.9
-------------------------------------------------------------------------
including        108.13      112.07             3.94       5.03      19.8
-------------------------------------------------------------------------
Including        119.41      124.81              5.4       2.84      15.3
-------------------------------------------------------------------------



Table 1: Intersections using a 0.5 g/t Au cut-off with a grade thickness (GT=
grade x thickness) greater than 2 gram metres. No top cut is applied. Maximum
grade is 16.05 g/t Au over 0.97m, one of four individual samples over 5 g/t Au.
Intersections are estimated to be 70-90% of true width. BELOSI 97 returned no
significant intercepts, although did contain anomalous levels of gold.




---------------------------------------------------------------------
Hole ID     Easting   Northing   Elevation     Depth    Azimuth   Dip
---------------------------------------------------------------------
BELOSI096   3564360    6883177      117.27     83.15        173    60
---------------------------------------------------------------------
BELOSI097   3564400    6883391      114.63      70.3          0    55
---------------------------------------------------------------------
BELOSI098   3564440    6883085      115.75    137.55          0    55
---------------------------------------------------------------------
Table 2: Details of drill hole locations                                    



The drilling was undertaken by Drillcon SMOY of Finland, providing 42 mm
diameter core. Samples are comprised of half diamond core. Intersections are
estimated to be 70-90% of true width. No top cuts are applied with the highest
individual assay being 47.8 g/t gold over 0.46 metres. Core samples are sawn in
half on site, prepped and assayed by 30g fire assay with an AAS finish at the
internationally accredited laboratories of ALS Chemex in Finland. The quality
assurance- quality control (QAQC) program of Belvedere consists of the insertion
of certified standards of known gold content every 20 samples, with blanks at
the beginning of each batch. In addition, ALS Chemex inserts a number of blanks
and standards into the analytical process. Standards, blanks and duplicates make
up approximately 15% of the samples assayed. The remaining half core is retained
on site for verification and reference purposes.


In addition to drilling, several older holes, not previously used in the
resource calculation were re-surveyed and re-assayed in order to be able to
incorporate these in future resource modeling.


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 (including
statements relating to future drilling and interpreted continuity of the new
mineralized zones) 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.


Qualified Person

The technical aspects of this statement have been prepared by Dr Toby Strauss
(CGeol), Chief Operating Officer of Belvedere Resources Ltd, who is acting as a
Qualified Person in compliance with National Instrument 43-101 with respect to
this release. Dr Strauss has verified the data supporting this press release.
Verification included checking the data to the original Laboratory certificates,
examining photographs of the core, reviewing sampling procedures and reviewing
the geological interpretation.


About Joint Venture with Belvedere (TSX VENTURE:BEL)

In 2011, REBgold and Belvedere Resources signed an Earn-In Agreement, whereby
REBgold has the right to earn an interest in two of Belvedere's properties,
Kiimala and Rantasalmi. 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 spent 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 Belvedere's
contribution to the study. A further 5% interest may be earned through the
contribution of BACOX technology to the Projects. REBgold currently owns 14% of
the projects.


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.


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