REBgold Secures Funding for Business Development

REBgold Corporation ("REBgold" or the "Company") (TSX VENTURE:RBG) is pleased to
announce that it has received a commitment for an aggregate of approximately
$1.4 million of additional funding from investment funds managed or controlled
by Baker Steel Capital Managers LLP ("Baker Steel"). Baker Steel's investment
will be part of a non-brokered private placement of up to $2.5 million that the
Company intends to complete (the "Private Placement").


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 working capital.


Mark Burridge, REBgold's Chairman, stated, "REBgold's ability to secure
financing in excess of its immediate needs and at a significant premium to its
current share price is testimony to its underlying potential. This financing
will give the Company a strong competitive advantage in pursuing acquisition
opportunities in the current market environment. Our investors have also
indicated that they would be prepared to stand by further financing as these
opportunities arise."


Terms of the Private Placement

The private placement will consist of an issuance of up to 12,500,000 common
shares at a price of $0.12 per share for gross proceeds of up to $1,500,000 and
up to $1,000,000 principal amount of convertible debentures.


The convertible debentures will:



--  bear interest at 8% per annum, compounded and payable upon the maturity
    date of April 2, 2015; and 
    
--  be convertible into common shares by the holders at any time at a price
    of $0.15 per common share, subject to adjustment in certain
    circumstances. 



Investment funds controlled by Baker Steel have committed to purchase
approximately $880,000 of common shares and $510,000 principal amount of
convertible debentures in the Private Placement.


Completion of the Private Placement is subject to certain conditions including
completion of definitive documentation, TSXV approval and, if required under
TSXV rules, shareholder approval.


The Private Placement will be completed pursuant to exemptions from prospectus
requirements of applicable securities legislation. Securities issued pursuant to
the Private Placement will be subject to a hold period of four months and a day
from the date of issuance of the securities.


As insiders will participate in the Private Placement, any such subscriptions
will be considered to be related party transactions within the meaning of TSXV
Policy 5.9 which incorporates Multilateral Instrument 61-101 ("MI 61-101"). The
Company intends to rely on the exemptions from the valuation and minority
shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and
5.7(a) of MI 61-101 in respect of such insider participation.


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.


Baker Steel Capital Managers LLP PROFILE

Baker Steel Capital Managers has extensive experience in the management of
funds, investing in the natural resources, gold and precious metals sectors.


Baker Steel is the Company's largest shareholder and currently holds 3,519,167
common shares of the Company, representing approximately 17.4% of the Company's
outstanding common shares. Baker Steel's investment will be part of a
non-brokered private placement of up to $2.5 million that the Company intends to
complete.


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.


Shares outstanding 20,175,849

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