REBgold Extends Private Placement

REBgold Corporation ("REBgold" or the "Company"), (TSX VENTURE:RBG) today
announced that has extended its Private Placement financing, announced on
November 8, 2011, until February 16, 2012.


On November 21, 2011, the Company closed the first tranche of the Private
Placement, and issued 20 million units at $0.05, for proceeds of $1,000,000.
Each unit consists of one common share and one, 5-year, common share purchase
warrant. Each warrant entitles the holder to acquire one common share at a price
of $0.10.


Proceeds raised so far has enabled drilling to commence at the Rantasalmi
Project in Finland, as announced on January 16, 2012. Additional funds raised
will be utilized to expand the drilling program, where there are numerous
targets along strike and down dip from existing resources and other areas of
identified mineralization.


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