REBgold Issues Options

REBgold Corporation ("REBgold" or the "Company") (TSX VENTURE:RBG) today
announced that the board of directors has approved the issuance of 697,500
options to purchase common shares of the Company to Directors, Officers and
Employees of the Company. The exercise price of the options is $0.12. They are
subject to a 4 month hold and have a term of 5 years.


The total number of outstanding options under the Company's plan is 2,252,500 or
approximately 8% of the outstanding shares.


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


Shares outstanding 27,525,183

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


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
416-596-9840 (FAX)
[e-mail]
www.reb-gold.com