REBgold Provides Update on Activity

REBgold Corporation ("REBgold" or the "Company") (TSX VENTURE:RBG) announces an
update on its summer activities.


Drilling update

Three holes of Phase 2 of the 2012 drilling program have been completed in
Finland. These holes targeted the mineralization at the far West end of the
Osikonmaki shear zone, where mineralization was previously identified by the
Geological Survey of Finland. Assays are expected back by the end of July.
Positive results from these holes should allow for an expansion and conversion
of the historic resources in this zone to NI 43-101 compliant resource
categories. The drill rig is currently on hold for the month of July and will
recommence drilling in August. When drilling re-commences, the rig will be
relocated to the Eastern end of the shear zone where drilling during phase 1
identified both high grade and bulk tonnage potential. In the meantime, a
geophysics program is planned to help define target potential along the Eastern
end of the system.


IR Update

The Company is pleased to announce that it has engaged the services of Venture
North Capital Inc. ("Venture North") to provide investor relations and
shareholder communications services, effective immediately. In connection with
the engagement, Venture North has been awarded a consulting contract paying
$3,500 per month, and has been granted, pursuant to the Company's stock option
plan, 25,000 stock options at a price of $0.40. The options will vest quarterly
over one year and are subject to regulatory approval.


Stock Options

The Company also announces that, pursuant to the Company's stock option plan,
the Board of Directors has approved the issuance of an additional 705,000
options to purchase common shares of the Company to directors, officers,
employees and consultants of the Company. The exercise price of the options is
$0.40. They are subject to a four-month hold and have a term of 5 years.


The total number of outstanding options under the Company's plan is now
1,859,500 or approximately 9% 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'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 20,175,849