REBgold Closes Private Placement

REBgold Corporation (TSX VENTURE:RBG) (the "Company") announces that further to
its news release dated November 8, 2011 it has closed its non-brokered private
placement and has issued a total of 20,000,000 units at a price of $0.05 per
unit to raise gross proceeds of $1,000,000. Each unit consists of one common
share and one non-transferable share purchase warrant which entitles the holder
to purchase one additional common share of the Company at a price of $0.10 per
share. All securities issued are subject to a four-month hold period that
expires on March 22, 2012, with the five-year warrants expiring November 10,
2016.


The Company intends to utilize the proceeds from the private placement to
continue drilling at the Rantasalmi Project in Finland, to expand the drill
program where there are numerous targets along strike and down dip from existing
resources and other areas of identified mineralization, and for general working
capital.


There were no finder's fees payable in connection with this private placement
offering.


Completion of the private placement is subject to final approval by the TSX
Venture Exchange.


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.


Shares outstanding 182,258,486