REBgold Closes First Tranche of Private Placement

REBgold Corporation ("REBgold" or the "Company") (TSX VENTURE:RBG) announces
that, further to its news release dated April 16, 2013, it has closed the first
tranche of its non-brokered private placement by issuing $510,00 principal
amount of 8% unsecured convertible debentures to investment funds controlled by
Baker Steel Capital Managers LLP.


The Company expects to complete a second tranche of the private placement in the
next few weeks and the final tranche after the REBgold's annual and special
shareholder meeting to be held on June 17, 2013.


REBgold intends to use the proceeds from the Private Placement to investigate
and secure additional project opportunities, to continue investing in its highly
prospective Finnish projects and for general working capital.


About REBgold

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 is currently developing projects in Finland
and evaluating several projects elsewhere.


Forward-Looking Statements

The statements made in this press release include forward-looking statements,
including statements regarding the Company's intention to carry out the Private
Placement and the anticipated terms thereof, that involve a number of risks and
uncertainties. These statements relate to future events or future performance
and reflect management's current expectations and assumptions. A number of
factors could cause actual events, performance or results to differ materially
from the events, performance and results discussed in the forward-looking
statements. These forward-looking statements are made as of the date hereof an,
except as required by applicable law, the Company does not assume any obligation
to update or revise them to reflect new events or circumstances. Actual events
or results could differ materially from the Company's expectations and
projections.


FOR FURTHER INFORMATION PLEASE CONTACT: 
REBgold Corporation
Bill Mitoulas
Investor Relations
416-479-9547
[e-mail]


REBgold Corporation
EJ Spencer
Corporate and Investor Relations Administrator
416-646-1850 X 242
[e-mail]
www.reb-gold.com