Gammon Gold Announces Significant Drill Results for Reserve Expansion and Four New Discoveries at Ocampo

TORONTO, Dec. 9 /CNW/ - Gammon Gold Inc. ("Gammon") (TSX: GAM and NYSE: GRS): Gammon is pleased to provide and update of drill results from the Ocampo exploration program.

As of October 31, 2010, the Company has completed a total of 105,903 metres of drilling at Ocampo, utilizing twelve drill rigs working on surface and underground.


Reserve Drilling Highlights

Santa Eduviges

* Drilling highlights include:
o Hole OU-823, 3.5 metres grading 16.78 grams per tonne gold equivalent(1)
o Hole OU-825, 9.3 metres grading 20.63 grams per tonne gold equivalent(1)
o Hole OU-826, 1.9 metres grading 48.58 grams per tonne gold equivalent(1)
o Hole OU-859, 1.6 metres grading 31.48 grams per tonne gold equivalent(1)


San Amado

* Drilling highlights include:
o Hole OU-863, 1.0 metres grading 51.95 grams per tonne gold equivalent(1)
o Hole OU-909, 1.3 metres grading 96.55 grams per tonne gold equivalent(1)
o Hole OU-913, 0.9 metres grading 12.92 grams per tonne gold equivalent(1)
o Hole OU-917, 1.7 metres grading 10.03 grams per tonne gold equivalent(1)


Rosario

* Drilling highlights include:
o Hole OU-900, 2.0 metres grading 10.84 grams per tonne gold equivalent(1)
o Hole OU-901, 1.9 metres grading 11.05 grams per tonne gold equivalent(1)
o Hole OU-903, 5.8 metres grading 13.88 grams per tonne gold equivalent(1)


Las Molinas Area

* Drilling highlights include:
o Hole OU-971, 3.6 metres grading 4.75 grams per tonne gold equivalent(1)
o Hole OU-972, 7.5 metres grading 5.48 grams per tonne gold equivalent(1)

"The reserve drilling program has been progressing very well in the past 5 months, especially at Santa Eduviges where both widths and grades have surpassed our expectations and at San Amado where we continue to intercept bonanza grades" said Chris Bostwick, Senior Vice President, Technical Services. He continued, "Not only do we anticipate these results to further add to our year end reserves, but our current accelerated development program will allow for mining by mid-2011"


New Discoveries

El Rayo

* New vein between the Santa Juliana and Belen Veins just 100 metres from existing underground infrastructure

* 200 metres strikelength that is not included in current reserves has been tested with 12 drill holes

* To date, five drill holes have shown grades above present underground cut-offs

* Highlights include:
o Hole OG-1128, 1.7 metres grading 33.29 grams per tonne gold equivalent(1)
o Hole OG-1172, 0.6 metres grading 9.63 grams pert tonne gold equivalent(1)


Balvanera

* The Balvanera underground vein extension, thus far covers an approximate strike length of 100 metres not included in present reserves

* 12 diamond drill holes have been completed to date totaling 914 metres.

* Drilling highlights include:
o Hole OG-1144, 1.2 metres grading 3.84 grams per tonne gold equivalent(1)
o Hole OG-1125, 0.5 metre grading 14.59 grams per tonne gold equivalent(1)


Stockwork Hill

* Three northwest-striking altered and variably-mineralized structures defined southeast of the NE underground mine.

* Nine diamond drill holes have been completed totaling 1,960 metres

* Drilling highlights include:
o Hole OG-1109, 0.5 metres grading 5.47 grams per tonne gold equivalent(1)


Polvorin

* Discovered a new outcropping vein located north of the Company\'s mine offices, after which a drill program was designed to test the target.

* 12 diamond drill holes have been completed to date for 2,178 metres.

* Drilling highlights include:
o Hole OG-1064, 0.6 metres grading 17.45 grams per tonne gold equivalent(1)

"The exploration program continues to deliver excellent results at Ocampo. Not only have we been able to delineate numerous high-grade drill intercepts on known veins, we have identified a number of new discoveries." stated Peter Drobeck, Senior Vice President of Exploration and Business Development. He continued, "The success of our exploration program year to date has resulted in our expansion of the program to year end and bodes well for the future of the Ocampo mine."

Note: The Ocampo surface exploration information has been reviewed by Qualified Person, Mr. Peter Drobeck. All sample analyses for Ocampo surface exploration were performed by Chemex Laboratories, based in Vancouver, British Columbia, using standard fire assay procedures with AA finish. Sample lengths are not necessarily true widths.

Note: The Ocampo underground exploration information has been reviewed by Qualified Person, Mr. Ian Hardesty. All sample analyses for Ocampo underground exploration were performed by Chemex Laboratories,

based in Vancouver, British Columbia, using standard fire assay procedures with AA finish. Sample lengths are not necessarily true widths.

Note: All gold equivalent grades are calculated at the Companies long term ratio of 55:1.

This press release sets out the gold and silver grades found in the samples taken from various targets. Not all of these targets have been categorized as a mineral resource deposit under applicable Canadian mineral resource reporting standards, and it is uncertain if further exploration will result in these targets being delineated as mineral resources. The grades encountered so far should not be taken as representative of the ore bodies in question as there has been insufficient exploration to define a mineral resource, and such grades may not prove representative of the deposits if and when the same are delineated as mineral resources.


About Gammon Gold

Gammon Gold Inc. is a mid-tier gold and silver producer with properties in Mexico. Gammon\'s flagship Ocampo Property in Chihuahua State achieved commercial production in January 2007. Gammon also owns the suspended El Cubo mine in Guanajuato State and has the promising Guadalupe y Calvo development property in Chihuahua State. In 2010 Gammon completed option purchase agreements to acquire the Mezquite Project in Zacatecas State, Mexico, the Venus project located north of the Ocampo mine, and the Los Jarros Project in Chihuahua State. Since 2008, the Company has increased its Mexican land position by over 59% and has made strategic investments in Golden Queen Mining Co. Ltd. and Corex Gold Corporation. The Company\'s Executive Office is located in Toronto, Ontario.



Cautionary Statement

Cautionary Note to US Investors - The United States Securities and Exchange Commission permits US mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. This press release uses certain terms, such as "measured," "indicated," and "inferred" "resources," that the SEC guidelines strictly prohibit US registered companies from including in their filings with the SEC. US Investors are urged to consider closely the disclosure in Gammon gold\'s Annual Report on Form 40-F, which may be secured from Gammon gold, or from the SEC\'s website at http://www.sec.gov/edgar.shtml.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Certain statements included herein, including information as to the future financial or operating performance of the Company, its subsidiaries and its projects, constitute forward-looking statements. The words \'\'believe\'\', \'\'expect\'\', \'\'anticipate\'\', \'\'contemplate\'\', \'\'target\'\', \'\'plan\'\', \'\'intends\'\', \'\'continue\'\', \'\'budget\'\', \'\'estimate\'\', "forecast", \'\'may\'\', \'\'will\'\', \'\'schedule\'\' and similar expressions identify forward-looking statements. Forward-looking statements include, among other things, future exploration results of its development program, the Company\'s ability to delineate additional resources and reserves as a result of such program, and the company\'s ability to mine such targets by mid-2011, statements regarding its financial exposure to litigation, targets, estimates and assumptions in respect of gold and silver production and prices, operating costs, results and capital expenditures, mineral reserves and mineral resources and anticipated grades, recovery rates, future financial or operating performance, margins, operating and exploration expenditures, costs and timing of completion of the Ocampo expansion program and improvements to the heap leach pad, costs and timing of the development and commencement of production of new deposits, costs and timing of construction, costs and timing of future exploration and reclamation expenses including, anticipated 2010 results, operating performance projections for 2010 and 2011, our ability to fully fund our business model internally, 2010 gold and silver production and the cash and operating costs associated therewith, the ability to achieve productivity and operational efficiencies, the ability to access grid power at Ocampo, further reduction in the open pit stripping ratio and the timing of each thereof. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company\'s actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Such factors include, among others, known and unknown uncertainties and risks relating to additional funding requirements, reserve and resource estimates, commodity prices, hedging activities, exploration, development and operating risks, illegal miners, political and foreign risk, uninsurable risks, competition, limited mining operations, production risks, environmental regulation and liability, government regulation, currency fluctuations, recent losses and write-downs, restrictions in the Company\'s loan facility, dependence on key employees, possible variations of ore grade or recovery rates, failure of plant, equipment or process to operate as anticipated, accidents and labour disputes. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.





Appendix 1.

Ocampo Underground Exploration Update

To date, the Company has completed 285 drill holes for 50,300 meters of underground drilling and 5,300 metres of new exploration drifting in 2010. Since May 2010, underground drilling has focused on six main areas including: Aventurero, Santa Juliana, San Amado, Santa Eduviges, Rosario and the Los Molinos Area. Six drills are currently drilling underground.


Aventurero

* Launched a definition drilling program in May 2010 that is focused on adding resources at depth


Santa Juliana

* Drilling program has focused on the intersection of Santa Juliana and Aventurero veins

* Approximately 320 metres have been defined along strike and over 300 metres of elevation at the Santa Juliana / Aventurero veins


San Amado

* Drilling program has defined a continuous high-grade zone of approximately 500 metres in strike length


Rosario

* Successful drilling program underway

* Near-collar intercepts have also defined northeast-striking ore-grade structures similar in character to the nearby Santa Juliana vein.


Santa Eduviges

* Drilling program focused on better defining known mineralization along strike and at depth.
o Two of the principal structures appear to join at depth as indicated by recent drilling results

* Recent drilling results indicate that several of the seven known structures continue at depth and ore grade mineralization has been defined as deep as the 1635 elevation, 200 metres below the current mining elevation.


Las Molinas Area

* Targeting high elevation mineralization amenable to open pitting.

* The results of OU-972 are particularly encouraging as they confirm the presence of an additional vein in the Las Molinas vein complex, Los Monos, which has been intersected in one other drill hole, 730 metres to the northeast.




Ocampo Surface Exploration Update

An aggressive surface exploration program continued at Ocampo focused on combined target generation, drilling supervision and logging at the Altagracia-Belen Sur, Resurreccion, Santa Juliana, and Belen targets.


Diagram 1: Ocampo Site Map
http://files.newswire.ca/258/OcampoMap1.doc


Table 1: Significant Ocampo Underground Drilling Results

(above 2.00 grams per tonne gold equivalent)

Hole From(m) To(m) Length(m) Gold(g/t) Silver(g/t) Au Eq.(55)(g/t) Target
OU-873 	168.3 	168.7 	0.4 	2.59 	605 	13.59 	Santa Juliana
OU-875 	176.4 	177.2 	0.8 	3.48 	60 	4.57 	Aventurero
OU-876 	186.8 	187.6 	0.8 	2.88 	25 	3.34 	Aventurero
OU-878 	167.1 	167.6 	0.5 	1.84 	233 	6.08 	Aventurero
OU-878 	179.7 	182.2 	2.5 	0.68 	99 	2.48 	Santa Juliana
OU-881 	226.9 	229.1 	2.2 	4.26 	181 	7.55 	Aventurero
OU-881 	233.0 	233.4 	0.4 	4.11 	430 	11.93 	Aventurero
OU-882 	133.9 	134.4 	0.4 	1.42 	147 	4.09 	Aventurero
OU-970 	69.7 	69.9 	0.2 	2.63 	18 	2.96 	Las Molinas
OU-970 	79.7 	80.5 	0.8 	2.48 	46 	3.31 	Las Molinas
OU-970A   	23.5 	23.8 	0.3 	2.74 	53 	3.69 	Las Molinas
OU-971 	54.7 	56.4 	1.7 	4.76 	28 	5.28 	Las Molinas
OU-971 	88.5 	92.1 	3.6 	3.91 	46 	4.75 	Las Molinas
OU-972 	26.8 	34.3 	7.5 	5.10 	21 	5.48 	Las Molinas
OU-972 	163.5 	164.2 	0.7 	2.92 	44 	3.73 	Las Molinas
OU-846 	8.5 	9.6 	1.1 	5.76 	191 	9.23 	Rosario
OU-846 	12.0 	13.5 	1.5 	1.04 	94 	2.74 	Rosario
*OU-846 	113.1 	117.0 	3.9 	0.99 	125 	3.26 	Rosario
OU-847 	8.0 	9.2 	1.3 	2.62 	69 	3.87 	Rosario
OU-847 	91.7 	92.2 	0.5 	1.04 	137 	3.53 	Rosario
OU-850 	20.4 	23.2 	2.9 	1.72 	171 	4.82 	Rosario
OU-851 	29.4 	30.0 	0.6 	1.09 	87 	2.68 	Rosario
OU-897 	6.4 	7.5 	1.2 	2.32 	87 	3.90 	Rosario
OU-898 	3.2 	4.6 	1.5 	4.16 	240 	8.52 	Rosario
OU-900 	98.1 	100.1 	2.0 	7.41 	189 	10.84 	Rosario
OU-901 	75.0 	76.9 	1.9 	4.12 	381 	11.05 	Rosario
OU-903 	56.3 	62.0 	5.8 	5.64 	453 	13.88 	Rosario
OU-903 	91.5 	92.5 	1.0 	2.35 	206 	6.10 	Rosario
OU-903 	105.5 	105.9 	0.4 	2.82 	191 	6.29 	Rosario
*OU-863 	160.9 	161.9 	1.0 	35.28 	917 	51.95 	San Amado
*OU-863 	164.9 	165.4 	0.5 	5.35 	367 	12.02 	San Amado
OU-866 	190.8 	191.8 	1.0 	1.29 	97 	3.04 	San Amado
OU-866 	197.5 	198.0 	0.5 	1.45 	62 	2.57 	San Amado
OU-907 	170.2 	171.6 	1.4 	0.65 	101 	2.49 	San Amado
*OU-909 	132.2 	133.5 	1.3 	76.44 	 1,106 	96.55 	San Amado
OU-913 	132.1 	133.0 	0.9 	8.67 	234 	12.92 	San Amado
OU-913 	209.9 	210.3 	0.4 	2.24 	136 	4.71 	San Amado
OU-913 	213.0 	214.9 	1.8 	2.43 	127 	4.74 	San Amado
OU-915 	175.6 	176.0 	0.3 	0.84 	99 	2.65 	San Amado
OU-917 	143.5 	145.2 	1.7 	6.67 	185 	10.03 	San Amado
OU-917 	153.3 	154.5 	1.2 	3.29 	116 	5.40 	San Amado
OU-917 	160.1 	160.9 	0.8 	2.14 	65 	3.31 	San Amado
OU-823   	  206.5 	  210.0 	3.5 	13.47 	182 	16.78 	  Santa Eduviges
OU-825 	220.3 	222.0 	       1.7 	1.08 	88 	       2.68 	Santa Eduviges
OU-825 	223.3 	223.9 	0.6 	1.33 	81 	2.81 	Santa Eduviges
OU-825 	230.0 	231.0 	1.0 	7.53 	20 	7.89 	Santa Eduviges
OU-825 	237.9 	247.2 	9.3 	12.78 	432 	20.63 	Santa Eduviges
OU-826 	280.7 	282.6 	1.9 	34.90 	752 	48.58 	Santa Eduviges
*OU-859 	3.0 	4.6 	1.6 	0.12 	 1,725 	31.48 	Santa Eduviges
OU-861 	244.0 	245.5 	1.5 	0.37 	272 	5.32 	Santa Eduviges
OU-861 	251.0 	253.4 	2.4 	3.48 	4 	3.55 	Santa Eduviges
OU-861 	258.8 	259.5 	0.8 	3.05 	1 	3.07 	Santa Eduviges
OU-864 	204.9 	205.4 	0.6 	5.60 	5 	5.69 	Santa Eduviges
*OU-864 	208.7 	213.9 	5.3 	2.64 	27 	3.12 	Santa Eduviges
OU-921 	83.5 	88.1 	4.6 	1.94 	50 	2.84 	Santa Eduviges
*OU-922 	121.5 	122.0 	0.5 	3.98 	50 	4.89 	Santa Eduviges
*OU-923 	110.1 	110.7 	0.6 	1.99 	108 	3.95 	Santa Eduviges
OU-923 	128.7 	129.8 	1.1 	0.82 	95 	2.55 	Santa Eduviges
OU-924A   	118.0 	123.8 	5.8 	1.59 	88 	3.18 	Santa Eduviges
OU-924A 	127.0 	128.0 	1.0 	2.53 	4 	2.61 	Santa Eduviges
OU-924A 	196.1 	196.6 	0.5 	2.75 	52 	3.70 	Santa Eduviges
OU-925 	128.4 	129.8 	1.4 	0.10 	127 	2.42 	Santa Eduviges
OU-925 	147.0 	149.5 	2.5 	1.37 	50 	2.28 	Santa Eduviges
OU-926 	180.0 	181.7 	1.7 	3.48 	14 	3.73 	Santa Eduviges
OU-926 	211.6 	212.7 	1.1 	2.52 	2 	2.55 	Santa Eduviges
OU-927 	106.5 	109.5 	3.0 	2.44 	241 	6.81 	Santa Eduviges
OU-927 	124.5 	124.8 	0.3 	2.70 	0 	2.70 	Santa Eduviges
OU-927 	  127.5 	  128.1 	0.6 	2.78 	1 	2.79 	  Santa Eduviges

* Indicates previously released drill results

Note: The Ocampo underground exploration information has been reviewed by Qualified Person, Mr. Ian Hardesty. All sample analyses for Ocampo were performed by Chemex Laboratories, based in Vancouver, British Columbia, using standard fire assay procedures, with an AA finish. The Company maintains a Quality Assurance - Quality Control program including the insertion of commercial control reference pulps and blanks in all its drill programs, along with a dedicated QA-QC engineer to monitor results. Sample lengths are not true widths.


Table 2: Significant Ocampo Surface Drilling Results

(Above 0.30 grams per tonne gold equivalent)

Hole From(m) To(m) Length(m) Gold(g/t) Silver(g/t) Au Eq.(55)(g/t) Target
OG-1098 	22.4 	22.9 	0.5 	0.97 	67 	2.20 	Altagracia-lower
OG-1098 	34.6 	42.1 	7.6 	0.36 	18 	0.69 	Altagracia-lower
OG-1102 	58.2 	59.4 	1.2 	0.49 	39 	1.20 	Altagracia-lower
OG-1102 	61.5 	63.1 	1.6 	0.57 	13 	0.80 	Altagracia-lower
OG-1102 	79.7 	80.6 	0.9 	0.56 	49 	1.45 	Altagracia-lower
OG-1105 	39.1 	40.1 	1.0 	0.22 	50 	1.12 	Altagracia-lower
OG-1105 	64.0 	65.2 	1.2 	0.78 	50 	1.69 	Altagracia-lower
OG-1105 	70.2 	70.8 	0.5 	2.68 	33 	3.28 	Altagracia-lower
OG-1105 	71.3 	71.8 	0.5 	9.43 	75 	10.79 	Altagracia-lower
OG-1105 	72.3 	73.6 	1.3 	1.04 	15 	1.31 	Altagracia-lower
OG-1105 	75.1 	76.1 	1.1 	4.91 	610 	16.00 	Altagracia-lower
OG-1105 	76.1 	77.2 	1.1 	0.74 	69 	2.00 	Altagracia-lower
OG-1105 	81.4 	81.9 	0.5 	1.27 	120 	3.45 	Altagracia-lower
OG-1126 	91.1 	92.3 	1.2 	1.84 	66 	3.04 	Altagracia-lower
OG-1126 	100.6 	102.1 	1.5 	1.71 	155 	4.52 	Altagracia-lower
OG-1126 	105.9 	108.4 	2.5 	0.35 	9 	0.50 	Altagracia-lower
OG-1119 	0.0 	6.8 	6.8 	0.92 	55 	1.92 	Aventurero - Balv
OG-1119 	17.2 	17.7 	0.5 	1.38 	53 	2.34 	Aventurero - Balv
OG-1119 	72.0 	72.5 	0.5 	0.79 	0 	0.79 	Aventurero - Balv
OG-1114 	27.1 	28.3 	1.2 	3.57 	15 	3.84 	Balvanera
OG-1114 	68.3 	75.6 	7.3 	0.40 	47 	1.26 	Balvanera
OG-1116 	25.3 	26.4 	1.1 	1.11 	11 	1.30 	Balvanera
OG-1116 	26.4 	28.5 	2.1 	0.73 	5 	0.81 	Balvanera
OG-1125 	5.0 	6.0 	1.0 	1.21 	6 	1.32 	Balvanera
OG-1125 	10.9 	13.1 	2.2 	1.40 	0 	1.40 	Balvanera
OG-1125 	21.0 	22.0 	1.0 	4.73 	0 	4.73 	Balvanera
OG-1125 	23.4 	24.6 	1.2 	3.53 	9 	3.70 	Balvanera
OG-1125 	29.0 	30.3 	1.3 	2.39 	0 	2.39 	Balvanera
OG-1125 	30.3 	30.8 	0.5 	14.40 	11 	14.59 	Balvanera
OG-1002 	99.6 	100.1 	0.5 	5.37 	252 	9.95 	Belen
OG-1002 	100.7 	105.0 	4.3 	0.07 	24 	0.50 	Belen
OG-1002 	105.5 	106.1 	0.6 	0.07 	880 	16.07 	Belen
OG-1002 	124.6 	125.5 	0.9 	0.00 	53 	0.96 	Belen
OG-1005 	107.2 	109.0 	1.8 	0.45 	31 	1.01 	Belen
OG-1008 	118.4 	122.4 	3.9 	0.21 	42 	0.97 	Belen
OG-1009 	104.3 	107.7 	3.4 	3.43 	71 	4.73 	Belen
OG-1010 	110.6 	112.0 	1.5 	0.29 	61 	1.40 	Belen
OG-1012 	122.9 	123.5 	0.5 	2.68 	124 	4.93 	Belen
OG-1012 	127.5 	131.0 	3.6 	0.15 	18 	0.47 	Belen
OG-1012 	135.0 	136.4 	1.4 	0.24 	22 	0.65 	Belen
OG-1012 	137.9 	138.4 	0.5 	1.21 	118 	3.36 	Belen
OG-1016 	116.7 	121.8 	5.1 	0.99 	129 	3.33 	Belen
OG-1017 	121.8 	122.9 	1.1 	1.43 	74 	2.78 	Belen
OG-1020 	140.7 	142.3 	1.6 	0.12 	17 	0.43 	Belen
OG-1024 	127.7 	129.8 	2.2 	0.16 	62 	1.28 	Belen
OG-1024 	140.2 	141.6 	1.4 	1.25 	127 	3.56 	Belen
OG-1025 	136.0 	137.4 	1.4 	0.07 	66 	1.27 	Belen
OG-1025 	149.0 	149.5 	0.5 	0.36 	41 	1.11 	Belen
OG-1025 	159.4 	160.2 	0.8 	1.35 	180 	4.62 	Belen
OG-1028 	144.7 	147.0 	2.3 	0.07 	14 	0.33 	Belen
OG-1034 	149.2 	150.5 	1.3 	0.11 	26 	0.58 	Belen
OG-1038 	142.0 	142.5 	0.5 	0.56 	23 	0.98 	Belen
OG-1038 	157.5 	159.0 	1.5 	0.09 	24 	0.53 	Belen
OG-1046 	165.6 	166.2 	0.6 	0.00 	49 	0.89 	Belen
OG-1046 	167.4 	168.0 	0.5 	0.20 	34 	0.82 	Belen
OG-1053 	155.6 	156.4 	0.8 	0.17 	23 	0.59 	Belen
OG-1059 	161.6 	162.1 	0.5 	0.52 	10 	0.70 	Belen
OG-1059 	170.0 	171.9 	1.8 	0.31 	28 	0.81 	Belen
OG-1059 	188.2 	188.8 	0.7 	0.50 	8 	0.65 	Belen
OG-1036 	84.8 	87.3 	2.5 	0.10 	51 	1.02 	Belen Sur
OG-1036 	90.5 	92.5 	2.0 	0.21 	132 	2.61 	Belen Sur
OG-1036 	96.5 	102.3 	5.8 	0.03 	58 	1.09 	Belen Sur
OG-1036 	104.3 	107.6 	3.3 	0.06 	145 	2.70 	Belen Sur
OG-1040 	194.3 	194.8 	0.5 	1.41 	141 	3.97 	Belen Sur
OG-1042 	58.5 	60.0 	1.5 	0.00 	37 	0.67 	Belen Sur
OG-1042 	67.9 	73.2 	5.3 	0.05 	77 	1.45 	Belen Sur
OG-1042 	73.7 	75.0 	1.3 	0.03 	58 	1.09 	Belen Sur
OG-1042 	104.7 	106.3 	1.6 	0.74 	83 	2.25 	Belen Sur
OG-1043 	144.8 	153.9 	9.2 	0.12 	21 	0.50 	Belen Sur
OG-1043 	158.1 	159.1 	1.0 	1.18 	197 	4.76 	Belen Sur
OG-1043 	166.3 	166.8 	0.5 	10.95 	302 	16.44 	Belen Sur
OG-1044 	3.2 	6.1 	3.0 	0.00 	60 	1.09 	Belen Sur
OG-1047 A 	76.0 	76.5 	0.5 	0.30 	22 	0.70 	Belen Sur
OG-1049 	15.4 	16.1 	0.7 	0.73 	9 	0.89 	Belen Sur
OG-1049 	86.2 	87.6 	1.4 	0.77 	45 	1.58 	Belen Sur
OG-1071 	21.9 	22.4 	0.5 	0.21 	16 	0.51 	Belen Sur
OG-1071 	72.2 	73.0 	0.8 	0.07 	76 	1.45 	Belen Sur
OG-1071 	80.7 	81.2 	0.5 	0.99 	97 	2.75 	Belen Sur
OG-1074 	5.1 	5.6 	0.5 	0.42 	22 	0.82 	Belen Sur
OG-1074 	10.1 	12.9 	2.8 	0.11 	21 	0.49 	Belen Sur
OG-1074 	18.9 	21.4 	2.5 	0.70 	52 	1.65 	Belen Sur
OG-1074 	31.5 	35.3 	3.8 	0.22 	19 	0.57 	Belen Sur
OG-1074 	35.3 	39.5 	4.2 	1.90 	58 	2.95 	Belen Sur
OG-1084 	26.3 	27.3 	1.0 	0.00 	34 	0.62 	Belen Sur
OG-1084 	48.8 	51.0 	2.2 	0.85 	45 	1.68 	Belen Sur
OG-1084 	57.5 	58.0 	0.5 	0.87 	38 	1.56 	Belen Sur
OG-1084 	59.8 	62.5 	2.8 	0.30 	29 	0.82 	Belen Sur
OG-1084 	62.5 	65.1 	2.6 	2.39 	211 	6.23 	Belen Sur
OG-1084 	70.0 	74.7 	4.7 	0.45 	40 	1.18 	Belen Sur
OG-1084 	169.1 	169.6 	0.5 	1.54 	72 	2.85 	Belen Sur
OG-1123 	38.1 	38.6 	0.5 	0.00 	274 	4.98 	El Rayo
OG-1123 	44.8 	48.2 	3.5 	0.79 	18 	1.11 	El Rayo
OG-1128 	44.8 	45.4 	0.6 	2.76 	5 	2.85 	El Rayo
OG-1128 	53.5 	55.2 	1.7 	24.95 	459 	33.29 	El Rayo
OG-1128 	54.7 	56.3 	1.7 	0.63 	87 	2.21 	El Rayo
OG-1138 	39.6 	40.6 	1.0 	3.45 	78 	4.86 	El Rayo
OG-1146 	43.5 	44.5 	1.0 	3.05 	182 	6.36 	El Rayo
OG-1151 	189.7 	190.2 	0.5 	2.92 	0 	2.92 	El Rayo
OG-1157 	97.4 	98.0 	0.6 	0.91 	76 	2.29 	El Rayo
OG-1157 	214.9 	215.6 	0.7 	0.40 	35 	1.03 	El Rayo
OG-1172 	21.4 	22.0 	0.6 	8.75 	48 	9.63 	El Rayo
OG-909 	51.8 	54.0 	2.2 	2.87 	179 	6.13 	El Rayo
OG-911 	58.7 	67.5 	8.8 	0.97 	143 	3.57 	El Rayo
OG-1111 	50.1 	50.7 	0.6 	5.86 	282 	10.99 	San Juan Ext
OG-990 	88.6 	91.0 	2.5 	2.48 	42 	3.24 	Picacho
OG-990 	248.1 	248.6 	0.5 	1.42 	113 	3.47 	Picacho
OG-990 	288.2 	288.8 	0.6 	2.12 	174 	5.28 	Picacho
OG-990 	290.6 	291.8 	1.1 	0.49 	44 	1.29 	Picacho
OG-990 	292.8 	294.0 	1.1 	0.40 	44 	1.20 	Picacho
OG-1000 	277.1 	279.5 	2.4 	2.43 	159 	5.33 	Picacho
OG-1000 	279.5 	284.7 	5.2 	0.63 	46 	1.46 	Picacho
OG-1000 	296.3 	300.5 	4.3 	0.45 	45 	1.27 	Picacho
OG-1000 	309.1 	309.7 	0.6 	1.44 	225 	5.53 	Picacho
OG-1000 	314.5 	315.5 	1.0 	1.19 	179 	4.44 	Picacho
OG-1000 	319.9 	321.7 	1.8 	0.23 	31 	0.78 	Picacho
OG-1000 	323.3 	324.3 	1.0 	0.27 	25 	0.73 	Picacho
OG-1006 	155.8 	156.6 	0.8 	0.24 	26 	0.71 	Picacho
OG-1006 	343.1 	344.3 	1.2 	0.62 	1 	0.63 	Picacho
OG-1013 	227.4 	228.6 	1.2 	0.00 	93 	1.69 	Picacho
OG-1018 	144.2 	144.7 	0.5 	0.48 	8 	0.63 	Picacho
OG-1018 	310.5 	311.3 	0.8 	0.61 	0 	0.61 	Picacho
OG-1022 	261.3 	261.8 	0.5 	1.85 	258 	6.54 	Picacho
OG-1022 	316.9 	318.3 	1.4 	0.41 	32 	0.98 	Picacho
OG-1023 	218.1 	218.6 	0.5 	1.40 	61 	2.51 	Picacho
OG-1023 	350.0 	350.5 	0.5 	0.19 	36 	0.84 	Picacho
OG-1023 	359.8 	360.3 	0.5 	0.24 	26 	0.71 	Picacho
OG-1023 	383.8 	384.3 	0.6 	0.26 	39 	0.96 	Picacho
OG-1023 	394.2 	395.5 	1.3 	0.50 	9 	0.67 	Picacho
OG-1027 	184.1 	184.6 	0.5 	0.74 	216 	4.67 	Picacho
OG-1027 	280.9 	282.4 	1.5 	0.49 	31 	1.06 	Picacho
OG-1037 	195.0 	195.6 	0.7 	0.64 	17 	0.95 	Picacho
OG-1037 	261.1 	262.8 	1.6 	0.66 	56 	1.67 	Picacho
OG-1075 	16.4 	17.1 	0.7 	0.18 	18 	0.51 	Picacho
OG-1075 	222.1 	222.7 	0.6 	0.00 	65 	1.18 	Picacho
OG-1064 	36.5 	37.1 	0.6 	6.60 	597 	17.45 	Polvorin
OG-1067 	92.5 	93.0 	0.5 	0.49 	35 	1.13 	Polvorin
OG-1073 	73.0 	73.6 	0.5 	0.31 	20 	0.68 	Polvorin
OG-1087 	34.9 	36.1 	1.2 	1.09 	6 	1.20 	Refugio Norte
OG-1087 	46.8 	47.6 	0.8 	0.84 	51 	1.77 	Refugio Norte
OG-1081 	22.0 	22.7 	0.7 	0.26 	23 	0.68 	Resureccion
OG-1081 	43.8 	44.6 	0.8 	0.38 	31 	0.94 	Resureccion
OG-1081 	117.6 	118.6 	1.0 	2.13 	48 	3.00 	Resureccion
OG-1108 	52.6 	53.1 	0.5 	1.66 	126 	3.95 	San Juan
OG-989 	135.8 	136.4 	0.7 	0.13 	174 	3.29 	Santa Juliana
OG-991 	128.5 	130.5 	2.1 	0.30 	9 	0.47 	Santa Juliana
OG-993 	192.8 	203.4 	10.7 	0.84 	120 	3.01 	Santa Juliana
OG-995 	135.4 	135.9 	0.6 	0.20 	395 	7.38 	Santa Juliana
OG-997 	189.7 	190.6 	0.9 	2.66 	158 	5.53 	Santa Juliana
OG-1004 	166.5 	167.2 	0.7 	1.29 	153 	4.07 	Santa Juliana
OG-1007 	179.1 	180.1 	1.0 	2.15 	635 	13.70 	Santa Juliana
OG-1011 	156.3 	157.8 	1.5 	0.27 	38 	0.95 	Santa Juliana
OG-1019 	136.7 	137.2 	0.5 	0.09 	31 	0.65 	Santa Juliana
OG-1021A 	195.6 	196.1 	0.5 	0.41 	7 	0.54 	Santa Juliana
OG-1021A 	209.0 	209.6 	0.6 	0.25 	34 	0.87 	Santa Juliana
OG-1021A 	221.8 	222.3 	0.5 	0.17 	22 	0.57 	Santa Juliana
OG-1026 	144.7 	145.8 	1.1 	1.60 	21 	1.98 	Santa Juliana
OG-1029 	277.9 	278.9 	1.0 	0.68 	65 	1.85 	Santa Juliana
OG-1029 	282.3 	284.3 	2.0 	1.71 	234 	5.97 	Santa Juliana
OG-1032 	184.6 	185.3 	0.7 	4.62 	384 	11.60 	Santa Juliana
OG-1032 	186.0 	187.2 	1.3 	1.51 	157 	4.36 	Santa Juliana
OG-1048 	145.6 	146.8 	1.2 	0.24 	30 	0.79 	Santa Juliana
OG-1052 	212.4 	212.9 	0.5 	2.44 	153 	5.22 	Santa Juliana
OG-1062 	9.9 	10.9 	1.0 	0.39 	7 	0.51 	Santa Juliana
OG-1078 	187.7 	188.3 	0.6 	1.40 	204 	5.11 	Santa Juliana
OG-1085 	204.0 	206.3 	2.3 	4.58 	498 	13.63 	Santa Juliana
OG-1090 	160.8 	162.3 	1.5 	0.22 	35 	0.85 	Santa Juliana
OG-1090 	164.7 	169.5 	4.8 	0.41 	41 	1.15 	Santa Juliana
OG-1095 	206.4 	207.0 	0.6 	0.22 	21 	0.60 	Santa Juliana
OG-1095 	208.4 	209.1 	0.8 	0.25 	20 	0.61 	Santa Juliana
OG-1001 	90.2 	96.0 	5.8 	0.60 	40 	1.34 	Santa Librada
OG-1001 	145.2 	146.0 	0.8 	0.00 	62 	1.13 	Santa Librada
OG-1001 	150.7 	159.8 	9.1 	0.01 	42 	0.78 	Santa Librada
OG-1014 	92.5 	97.5 	5.0 	0.47 	34 	1.09 	Santa Librada
OG-1045 	96.4 	96.9 	0.5 	4.70 	7 	4.83 	Santa Librada
OG-1051 	103.4 	104.0 	0.6 	0.32 	15 	0.59 	Santa Librada
OG-1051 	112.2 	112.9 	0.6 	0.35 	18 	0.68 	Santa Librada
OG-1072 	255.4 	256.2 	0.8 	1.45 	20 	1.82 	Santa Librada
OG-1072 	262.1 	264.1 	2.0 	0.16 	55 	1.15 	Santa Librada
OG-1072 	264.1 	264.6 	0.5 	0.24 	137 	2.73 	Santa Librada
OG-1079 	156.1 	156.7 	0.6 	2.84 	0 	2.84 	Santa Librada
OG-1086 	220.2 	221.6 	1.4 	0.00 	90 	1.64 	Santa Librada
OG-1101 	70.6 	71.3 	0.8 	1.46 	0 	1.46 	Santa Librada
OG-1101 	119.9 	120.7 	0.9 	0.43 	0 	0.43 	Santa Librada
OG-1109 	27.8 	28.3 	0.5 	5.24 	13 	5.47 	Stock Work Hill
OG-1112 	99.5 	101.0 	1.6 	0.47 	0 	0.47 	Stock Work Hill

Note: The Ocampo surface exploration information has been reviewed by Qualified Person, Mr. Peter Drobeck. All sample analyses for Ocampo were performed by ALS-Chemex Laboratories, based in Vancouver, British Columbia, using standard fire assay procedures with an AA finish. The Company maintains a Quality Assurance - Quality Control program including the insertion of commercial control reference pulps and blanks in all its drill programs, along with a dedicated QA-QC engineer to monitor results. Sample lengths are not necessarily true widths.

(1) Using the Company\'s long term gold equivalency ratio of 55:1



For further information:

For further information please visit the Gammon gold website at www.gammongold.com or contact:

Peter Drobeck, Sr. VP Exploration & Business Development
Gammon Gold Inc.
416-646-3825

Anne Day, Director of Investor Relations
Gammon Gold Inc.
902-468-0614