Resource Expansion Drilling Commences

REBgold Corporation ("REBgold" or the "Company") (TSX VENTURE:RBG) is pleased to
report that drilling commenced last week at the Osikonmaki Property in Finland. 


Initial drilling will target along strike and down dip extensions of the
Osikonmaki East mineralization, including the high grade shallow mineralization
discovered in the 2011 drilling campaign. Depending on results, additional
targets along the 3km long structure could also be tested, including the
historic resource at Osikonmaki West and a number of geophysical and geochemical
anomalies.


Other work planned for the next few months include metallurgical test work and
assaying of historic holes.


Mark Burridge, Chairman, comments, "We believe that the resources outlined so
far represent only a small portion of the mineralized system. Drilling in 2011
only went down to an average depth of 90m and covered only 850m of strike, out
of a total strike of at least 3000m. Drilling in 2012 will expand upon this."


Further information, including the results of the recent drilling and NI 43-101
Resource Reports can be found on the Company's website www.reb-gold.com.


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.


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