Shareholders of REBgold Approve Share Consolidation

REBgold Corporation (TSX VENTURE:RBG) (the "Company") announces that at the
shareholders meeting held on May 23, 2012, shareholders approved the
consolidation of the Company's shares on the basis of one post-consolidation
common share for each ten pre-consolidation common shares. The share
consolidation is effective May 30, 2012. The Company's post-consolidation Common
Shares will be posted for trading on the TSX Venture Exchange ("TSXV") at the
opening tomorrow, May 30, 2012 under the current symbol "RBG" and new CUSIP
number 756183208.


The 182,258,486 Common Shares issued and outstanding prior to the Consolidation
have been consolidated to approximately 18,225,849 Common Shares. If, as a
result of the Consolidation, a Shareholder would otherwise be entitled to a
fraction of a post-Consolidation Common Share, the number of post-Consolidation
Common Shares will be rounded up to the nearest whole number. The Company's
currently outstanding stock options and warrants will be adjusted on the same
basis with proportionate adjustments being made to the stock option and warrant
exercise prices.


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.