Gammon Gold Announces Discovery of Significant Mineralization at Santa
Eduviges, Las Molinas and San Amado at Ocampo and Provides an Update on its
2009 Exploration Program

TSX: GAM / NYSE: GRS / BSX: GL7

HALIFAX, Sept. 30 /CNW/ - Gammon Gold Inc. ("Gammon") (TSX:GAM and NYSE: GRS): Gammon is pleased to announce the discovery of significant mineralization at the Santa Eduviges, Las Molinas and San Amado areas at its flagship Ocampo operation together with an overall update its ongoing 2009 exploration programs.

    
    2009 Ocampo Exploration Highlights
    ----------------------------------

    - To date, the Company has completed 85,838 metres, or 70%, of its
      planned 123,000 metre reserve replacement drilling program;
    - The San Amado drilling returned a bonanza grade intercept at hole
      OG-797 of 0.5 meters at 318 grams per tonne gold and 1,028 grams per
      tonne silver or 336.68 grams per tonne gold equivalent;
    - The drilling program at Santa Eduviges underground target has provided
      some very encouraging results with one hole reporting over 9.0 metres
      of 14.57 grams per tonne gold equivalent. Given the ongoing drilling
      success to date, an additional 5,900 metres of drilling has been added
      to the original 4,380 metre program and an additional diamond drill
      will be mobilizing in October;
    - The Company has completed 82% of the planned drilling program at the
      open pits;
    - The drilling program at the northeast underground area has completed
      56% of its 39,776 planned program to date. Two additional drill rigs
      have been mobilized to assist in completing this program by year-end.
      Encouraging results continue to be received from the Jesus Maria, Belen
      and Rosario targets;
    - Exploration drifting is progressing towards the southeast and northeast
      underground vein extensions. Drill stations will be established to
      allow the start of underground drilling in these areas during the
      fourth quarter;
    - The grass root exploration drilling program has completed 78% of the
      planned program designed to identify new open pit and underground
      targets for follow up. Significant new mineralization has been
      identified at Las Molinas, Altagracia and San Amado targets;
    - The Company had originally targeted the release of an interim reserve
      and resource update at the end of the third quarter. However, the
      aggressive drilling program that is currently underway at Ocampo has
      resulted in a considerable amount of new significant data that needs to
      be processed and analyzed to determine its overall impact. The ongoing
      analysis has been further impacted by personnel changes in
      our technical services team. The release of the interim reserve and
      resource statement has been delayed until such time as the compilation
      and analysis can be completed.
    

"We are very pleased with the progress of our extensive 2009 in-mine drilling program and we are particularly encouraged with our drilling success at Santa Eduviges. This deposit is demonstrating increasing potential to become the third producing mine on the Ocampo property." stated Chris Bostwick, Senior Vice President of Technical Services for Gammon Gold. He continued, "The wide widths evident at Santa Eduviges should prove to be amenable to high productivity and low cost mining. The portal and mine access are already established and given the close proximity to the adjacent primary crushing facility, a significant increase in our overall underground mining rates could be achieved within a very short time frame."

"We are very encouraged by the progress of our 2009, 123,000 metre drilling program at Ocampo. The results we have received so far are quite encouraging especially considering hole OG-797 in San Amado that had a 0.5 metre intercept of 336.68 grams per tonne gold equivalent and hole OU-578 in Santa Eduviges that had a 9.0 meter intercept at 14.57 gold equivalent grams per tonne. We are also pleased with the discovery of significant mineralization at Altagracia and Las Molinas as these targets represents the future growth of the Company." stated René Marion, Chief Executive Officer of Gammon Gold. "We are also very pleased to be in a position to launch a two year, 40,000 metre drilling program at our El Cubo operation where the initial drilling will focus on four of the 16 drill targets indentified as part of our grass roots exploration program."

    
    Ocampo Exploration Highlights

    The three pronged 123,000 metre drilling program at Ocampo is focused on:

        1) conversion of inferred resources to reserves;
        2) new grass root open pit targeting identified through surface
           sampling and satellite aster analysis;
        3) new grass root underground veins targeting projections from
           surface mapping (10 new veins over 6 kilometres identified that
           require drill testing).

    Currently there are eight diamond and reverse circulation drills on site
supported by a team of more than 45 experienced geologists and samplers. 70%,
or 85,838 metres, of the drilling program has been completed as of September
21, 2009.

    The following table summarizes the drilling program and the progress to
    September 21, 2009.

    -------------------------------------------------------------------------
    Area                Progress (m)       Planned (m)         % Complete
    -------------------------------------------------------------------------
    Near Pit            42,783             52,080              82%
    -------------------------------------------------------------------------
    Santa Eduviges      5,470              4,379               125%
    -------------------------------------------------------------------------
    NE Underground      22,089             39,776              56%
    -------------------------------------------------------------------------
    New Targets         15,496             27,179              57%
    -------------------------------------------------------------------------
    Total               85,838             123,414             70%
    -------------------------------------------------------------------------

    Ocampo In-Mine Drilling Program
    -------------------------------
    

As of September 21, 2009, the Company had completed 70,342 metres, or 73%, of its planned 96,235 metre reserve replacement drilling program. The program was designed to identify new pit resources, extend known underground veins along strike and down dip and advance the development of the Santa Eduviges underground target. Highlights of the program are as follows:

    
    - The first two phases of the three phase surface drilling program has
      been successfully completed with two diamond drills and two reverse
      circulation drills dedicated to this part of the program. A total of
      35,981 metres of drilling was completed in Phase I and Phase II, which
      focused on the Estrella, Conico, Refugio and Picacho deposits. Work is
      currently focused on compiling geological logging and assays into a
      comprehensive update of the geologic and structural controls that form
      the PGR Trend and Picacho ore bodies.
    - Phase III of surface drilling program is currently underway with 6,802
      metres, or 42%, of the planned 16,099 metre program. The focus of the
      Phase III surface drilling program is to target both inferred material
      located between the current reserve and resource pit and to complete
      planned drilling in the Picacho and Suerte de Lukas ore bodies.
    - At the main northeast underground, 22,090 metres, or 56%, of the
      planned 39,776 metre drill program has been completed, which utilized
      two drill rigs. Two additional drill rigs are being mobilized in early
      October to assist in completing the program. Drilling in the third
      quarter has focused on the Belen, Aventurero, Rosario and Jesus Maria
      veins. Similar to the open pit program, a comprehensive compilation of
      all new data is underway in order to develop a new geologic model that
      incorporates the drilling data from 2008 and 2009, as well the
      significant amount of underground development that has occurred since
      the last model update at the end of 2007. Recent highlights of this
      drilling program include:

        - Jesus Maria, Hole OU-617, 0.5 metres of 30.40 g/t gold and 216 g/t
          silver or 34.32 g/t gold equivalent
        - Belen, Hole OU-596, 1.0 metres of 11.10 g/t gold and 16 g/t silver
          or 11.39 g/t gold equivalent
        - Belen, Hole OU-571, 1.5 metres of 1.43 g/t gold and 118 g/t silver
          or 3.58 g/t gold equivalent
        - Rosario, Hole OU-621, 1.0 metres of 2.94 g/t gold and 11 g/t silver
          or 3.14 g/t gold equivalent

    - Encouraged by the positive results from the surface grass roots
      exploration program that targeted potential underground vein
      extensions, exploration drifting is currently progressing toward the
      southeast (SE) and the northeast (NE). The SE drive, on the 1611 level,
      is a planned 600 metre drive and will establish drill stations along
      the way to pursue extensions on the Aventurero, San Miguel, Santa
      Julian, Rosario-Resurrection, and Santa Ana veins. The NE drive, also
      on the 1611 level, is a planned 620 metre drive and will target the La
      Leona, San Amado and Sin Nombre veins.
    - The Santa Eduviges underground ramp was re-opened in the second quarter
      if this year and 146 metres of development drifting was undertaken to
      establish drill stations for continued drilling on the east end of the
      vein system This recent renewed effort has proven to be very
      successful, with significant assay intervals encountered. Nine
      additional holes have been completed at Santa Eduviges for which assays
      have not yet been received.
    - Since April of this year 5,470 metres, in 31 holes, have been drilled
      in Santa Eduviges utilizing two dedicated drill rigs, with 40% of the
      holes with returned assays hitting ore grade material. Significant
      results of the underground drilling program include:

        - Hole OU-604, 1.9 metres of 3.12 g/t gold and 108 g/t silver or
          5.08 g/t gold equivalent
        - Hole OU-597, 7.0 metres of 9.78 g/t gold and 52 g/t silver or
          10.73 g/t gold equivalent
        - Hole OU-593, 2.0 metres of 1.43 g/t gold and 53 g/t silver or
          2.39 g/t gold equivalent
        - Hole OU-588, 3.0 metres of 2.60 g/t gold and 106 g/t silver or
          4.53 g/t gold equivalent
        - Hole OU-584, 1.0 metre of 5.22 g/t gold and 14 g/t silver or
          5.47 g/t gold equivalent
        - Hole OU-578, 9.0 metres of 5.97 g/t gold and 291 g/t silver or
          14.57 g/t gold equivalent (previously released)
        - Hole OU-565, 3.0 metres 0f 2.76 g/t gold and 165 g/t silver or
          5.76 g/t gold equivalent
        - Hole OU-546, 1.0 metre of 8.66 g/t gold and 16 g/t silver or
          8.95 g/t gold equivalent

    - Due to the encouraging results received from the Santa Eduviges
      drilling program thus far, an additional 5,900 metres of drilling
      beyond the original planned 4,380 meters has been approved.

      Immediate development and drilling plans for Santa Eduviges are as
      follows:

        - Fourteen holes will target the down dip extension of the intercepts
          encountered in holes OU-578 and OU-597 and will be drilled from
          existing drill stations on the 1885 level to the 1775 and 1725
          metre horizon. These two holes are believed to be the extension to
          the Refugio open pit, currently being mined.
        - The 1885 elevation drilling drift will be extended a further 50
          metres to the east in order to drill four holes and explore the
          down plunge extension of the PDG ore body.
        - The 1885 elevation drilling drift is currently being extended a
          further 200 metres to the west with a dedicated jumbo. Drill
          stations will be established along the way to drill 20 holes and
          test potential down dip extensions of the Conico ore body on the
          1850 to 1750 metre horizon.

    Ocampo Grass Roots Exploration
    ------------------------------

    Since April 2009, 78% of the grass root exploration drilling program has
been completed with 15,496 metres of drilling in 64 holes. The drilling
program to date has focused on the Picacho SE Extension, Altagracia, Las
Molinas, San Amado, Belen and Santa Ines targets.

    Surface drilling at the San Amado vein was initiated in August, 2009 with
    nine holes to date having received assays. Highlights from current and
    previous drilling include:

        - Hole OU-426, 6.3 metres of 25.41 g/t gold and 1,693 g/t silver or
          56.19 g/t gold equivalent (drilled in 2008, previously released)
        - Hole OU-428, 3.7 metres of 85.65 g/t gold and 684 g/t silver or
          98.10 g/t gold equivalent (drilled in 2008, previously released)
        - Hole OG-758, 0.9 metres of 5.50 g/t gold and 249 g/t silver or
          10.03 g/t gold equivalent
        - Hole OG-771, 1.0 metres of 1.85 g/t gold and 46 g/t silver or
          2.69 g/t gold equivalent
        - Hole OG-787, 2.0 metres of 10.05 g/t gold and 124 g/t silver or
          12.30 g/t gold equivalent (HW Split)
        - Hole OG-797, 4.5 metres of 14.15 g/t gold and 193 g/t silver, or
          17.65 g/t gold equivalent (this in a parallel vein called La Leona)
        - Hole OG-797, 0.5 metres of 318.00 g/t gold and 1028 g/t silver, or
          336.68 g/t gold equivalent (HW split)
        - Hole OG-797, 3.0 metres of 2.72 g/t gold and 5 g/t silver, or
          2.81 g/t gold equivalent
    

The underground operation is presently drifting along the San Amado vein along the 1611 metre level and plans to complete 620 metres of exploration drive by year end. The Company expects to initiate underground drilling during the fourth quarter with a planned 4,200 metre drilling program that is anticipated to be completed by the end of the year.

Hole OG-797 discovered very high grade gold-silver mineralization in what the exploration team believe to be a hanging-wall split. The geometry of this split is yet to be fully understood, but with extremely positive grades such as these, the exploration team will continue to aggressively drill the target. Hole OG-797 also cut high grades in the sub-parallel La Leona Vein near surface. This anomalous structure was previously identified, but the results in OG-797 show it can carry very high grades at least locally. The discoveries on San Amado, the San Amado HW split, and the La Leona are all open in three directions to expansion and continue to support our goal of expanding the Ocampo district towards the east.

    
    -------------------------------------------------------------------------
                             San Amado - La Leona
    -------------------------------------------------------------------------
                                      Intercept      Au      Ag    AuEq (g/t)
    Hole       Year    From       To         (m)   (g/t)   (g/t)       (55:1)
    -------------------------------------------------------------------------
    OG-178     2005   275.0    276.0        1.0     8.2     391        15.31
    -------------------------------------------------------------------------
    OU-424     2008    63.6     64.9        1.4    1.79     146         4.44
    -------------------------------------------------------------------------
    OU-425     2008     0.0      0.0        0.0    0.00       0         0.00
    -------------------------------------------------------------------------
    OU-426     2008    51.6     57.9        6.3   25.41    1693        56.19
    -------------------------------------------------------------------------
    OU-427     2008     0.0      0.0        0.0    0.00       0         0.00
    -------------------------------------------------------------------------
    OU-428     2008   127.1    130.8        3.7   85.65     684        98.10
    -------------------------------------------------------------------------
    OG-758     2009   303.2    304.0        0.9    5.50     249        10.03
    -------------------------------------------------------------------------
    OG-778     2009   121.0    122.0        1.0    0.54      30         1.09
    -------------------------------------------------------------------------
    OG-771     2009   294.0    295.0        1.0    1.85      46         2.69
    -------------------------------------------------------------------------
    OG-780     2009     0.0      0.0        0.0    0.00       0         0.00
    -------------------------------------------------------------------------
    OG-784*    2009   165.0    166.0        1.0    6.43      58         7.48
    -------------------------------------------------------------------------
    OG-784*    2009   212.0    212.5        0.5    3.10     282         8.23
    -------------------------------------------------------------------------
    OG-784     2009   231.0    231.5        0.5    0.00     221         4.02
    -------------------------------------------------------------------------
    OG-787*    2009   147.7    149.7        2.0   10.05     124        12.30
    -------------------------------------------------------------------------
    OG-787*    2009   149.7    153.9        4.2    0.49      18         0.81
    -------------------------------------------------------------------------
    OG-791     2009     0.0      0.0        0.0    0.00       0         0.00
    -------------------------------------------------------------------------
    OG-794     2009     0.0      0.0        0.0    0.00       0         0.00
    -------------------------------------------------------------------------
    OG-797(xx) 2009     8.2     14.3        6.1    0.31      25         0.77
    -------------------------------------------------------------------------
    OG-797(xx) 2009    14.3     18.8        4.5   14.15     193        17.65
    -------------------------------------------------------------------------
    OG-797(xx) 2009    44.9     46.4        1.5    2.07      12         2.27
    -------------------------------------------------------------------------
    OG-797(xx) 2009    58.7     61.0        2.4    1.19       9         1.35
    -------------------------------------------------------------------------
    OG-797*    2009   227.6    228.1        0.5  318.00    1028       336.68
    -------------------------------------------------------------------------
    OG-797*    2009   331.9    334.9        3.0    2.72       5         2.81
    -------------------------------------------------------------------------

    (*)  These samples are from a system of hanging-wall splits off the
           San Amado referred to as San Amado Alto
    ((xx)) These samples are from the parallel La Leona Vein

    Note: This exploration information has been reviewed by Qualified Person,
    Mr. Ramon Luna. All sample analyses were performed by ALS-Chemex
    Laboratories, based in Vancouver, British Columbia, or in the Ocampo mine
    lab, using standard fire assay procedures. The intercepts from OG-797 are
    the average of two ALS-Chemex assays on each sample. True widths have not
    been calculated.
    

"I am pleased that our exploration team at Ocampo has been successful in defining the new Las Molinas open pit target. This past season's geologic mapping and surface geochemistry has lead to the successful discovery of significant mineralization in the first round of our drilling program. This program discovered anomalous mineralization in 13 of the 14 holes completed. The system is open to the southeast and is also open to the northwest along strike. We will step out further to the northwest to test the continuation of this target. During the next quarter we hope to drill off this discovery in sufficient detail to develop a mining plan by year-end 2009." stated Peter Drobeck, Sr. V.P. of Exploration & Business Development. "I am also very encouraged that we continue to discover highly anomalous mineralization at Altagracia. The new intercepts at Altagracia show a potential for high-grade underground mineralization."

El Cubo Exploration Highlights

Over the past five months the Company's Exploration division has renewed its efforts in the El Cubo Mine and Guanajuato district. The work has resulted in the definition of sixteen new exploration target areas that are presently being worked into an integrated drill plan for the later part of the year. The Company recently launched a two year, 40,000 metre drilling program where the initial drilling will focus on four of the 16 drill targets indentified as part of its grass roots exploration program. To date, two holes have been completed at the Dolores SE target.

Guadalupe y Calvo

During the quarter the Company registered an additional 36,755 hectare of exploration property to the northwest of the Guadalupe y Calvo San Luis claim. This additional claim has increased the land position to approximately 66,883 hectares. Geochemistry conducted on the Guadalupe y Calvo Project has identified anomalous mineralization in the northwest portion of the San Luis claim.

In 2010, the Company anticipates the resumption of an accelerated exploration program at Guadalupe y Calvo as well as the completion of a scoping study.

About Gammon Gold

Gammon Gold Inc. is a Nova Scotia based mid-tier gold and silver producer with properties in Mexico. The Company's flagship Ocampo Project in Chihuahua State achieved commercial production in January 2007. Gammon Gold also operates its El Cubo operation in Guanajuato State and has the promising Guadalupe y Calvo development property in Chihuahua State.

    
                             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 (File No. 001-31739), 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. This News Release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Gammon Gold, are forward-looking statements (or forward-looking information) that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Gammon Gold's expectations include, among others, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as future prices of gold and silver, as well as those factors discussed in the section entitled "Risk Factors" in Gammon Gold's Form 40-F and Annual Information Form as filed with the United States Securities and Exchange Commission. Although Gammon Gold has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Gammon Gold does not undertake to update any forward-looking statements that are included herein, except in accordance with applicable securities laws.

    
    Diagram 1: Underground Veins
    http://files.newswire.ca/258/diagram1.doc

    Diagram 2: Santa Eduviges
    http://files.newswire.ca/258/diagram2.doc

    -------------------------------------------------------------------------
                           Table 1: Santa Eduviges
    -------------------------------------------------------------------------
                                      Intercept      Au      Ag    AuEq (g/t)
    Hole       Year    From       To         (m)   (g/t)   (g/t)       (55:1)
    -------------------------------------------------------------------------
    OU-628     2009   100.1    101.1        1.0    2.42       2         2.46
    -------------------------------------------------------------------------
    OU-604     2009   200.7    202.5        1.9    3.12     108         5.08
    -------------------------------------------------------------------------
    OU-597     2009   112.0    119.0        7.0    9.78      52        10.73
    -------------------------------------------------------------------------
    OU-593     2009    97.0     99.0        2.0    1.43      53         2.39
    -------------------------------------------------------------------------
    OU-588     2009   108.0    111.0        3.0    2.60     106         4.53
    -------------------------------------------------------------------------
    OU-584     2009    94.5     95.5        1.0    5.22      14         5.47
    -------------------------------------------------------------------------
    OU-578     2009   129.0    138.0        9.0    7.74     376        14.57
    -------------------------------------------------------------------------
    OU-565     2009   144.0    147.0        3.0    2.76     165         5.76
    -------------------------------------------------------------------------
    OU-546     2009   141.0    142.0        1.0    8.66      16         8.95
    -------------------------------------------------------------------------
    OU-453     2008   103.5    106.5        3.0    0.37      48         1.24
    -------------------------------------------------------------------------
    OU-451     2008    82.5     87.0        4.5    1.63      46         2.47
    -------------------------------------------------------------------------
    OU-433     2008   115.5    117.0        1.5    1.42      68         2.66
    -------------------------------------------------------------------------

    Note: This exploration information has been reviewed by Qualified Person,
    Mr. Ramon Luna. All sample analyses were performed by Chemex
    Laboratories, based in Vancouver, British Columbia, or in the Ocampo mine
    lab, using standard fire assay procedures. True widths have not been
    calculated.


    -------------------------------------------------------------------------
                             Table 2: Los Molinas
    -------------------------------------------------------------------------
                                      Intercept      Au      Ag    AuEq (g/t)
    Hole       Year    From       To         (m)   (g/t)   (g/t)       (55:1)
    -------------------------------------------------------------------------
    OG-725     2009   145.5    153.0        7.5    0.12       9         0.29
    -------------------------------------------------------------------------
    OG-729     2009     0.0      0.0        0.0    0.00       0         0.00
    -------------------------------------------------------------------------
    OG-730     2009   153.0    172.0       19.0    0.64      24         1.07
    -------------------------------------------------------------------------
    OG-735     2009   145.0    159.0       14.0    0.41      12         0.64
    -------------------------------------------------------------------------
    OG-735     2009   175.0    188.0       13.0    0.18       8         0.32
    -------------------------------------------------------------------------
    OG-735     2009   239.0    248.0        9.0    0.86      14         1.12
    -------------------------------------------------------------------------
    OG-736     2009    63.0     69.0        6.0    0.92      29         1.45
    -------------------------------------------------------------------------
    OG-740     2009    39.0     50.0       11.0    1.81      50         2.71
    -------------------------------------------------------------------------
    OG-740     2009   141.0    142.0        1.0    0.95      57         1.99
    -------------------------------------------------------------------------
    OG-742     2009    68.0     73.0        5.0    0.15       5         0.25
    -------------------------------------------------------------------------
    OG-742     2009    91.0     97.0        6.0    0.94      39         1.65
    -------------------------------------------------------------------------
    OG-747     2009   133.0    139.0        6.0    1.72      10         1.90
    -------------------------------------------------------------------------
    OG-747     2009   158.0    175.0       17.0    0.27      11         0.47
    -------------------------------------------------------------------------
    OG-748     2009    28.0     29.0        1.0    1.19       5         1.28
    -------------------------------------------------------------------------
    OG-748     2009    76.0     79.0        3.0    1.97      33         2.56
    -------------------------------------------------------------------------
    OG-748     2009    97.0     98.0        1.0    1.38       5         1.47
    -------------------------------------------------------------------------
    OG-749     2009    10.0     28.0       18.0    0.22       2         0.25
    -------------------------------------------------------------------------
    OG-749     2009    58.0     65.0        7.0    0.25      10         0.44
    -------------------------------------------------------------------------
    OG-749     2009    71.0     79.0        8.0    0.73      40         1.45
    -------------------------------------------------------------------------
    OG-749     2009   168.0    181.0       13.0    0.51      17         0.81
    -------------------------------------------------------------------------
    OG-751     2009   103.0    106.0        3.0    0.58       6         0.69
    -------------------------------------------------------------------------
    OG-751     2009   106.0    111.0        5.0    6.72     110         8.72
    -------------------------------------------------------------------------
    OG-751     2009   111.0    168.0       57.0    0.86      21         1.24
    -------------------------------------------------------------------------
    OG-753     2009    11.0     26.0       15.0    0.36       5         0.45
    -------------------------------------------------------------------------
    OG-765     2009   111.0    114.0        3.0    0.73      43         1.52
    -------------------------------------------------------------------------
    OG-768     2009   149.0    150.0        1.0    0.51      64         1.67
    -------------------------------------------------------------------------
    OG-768     2009   160.0    161.0        1.0    1.06       7         1.19
    -------------------------------------------------------------------------
    OG-768     2009   228.0    231.0        3.0    1.24       2         1.28
    -------------------------------------------------------------------------

    Note: This exploration information has been reviewed by Qualified Person,
    Mr. Ramon Luna. All sample analyses were performed by Chemex
    Laboratories, based in Vancouver, British Columbia, or in the Ocampo mine
    lab, using standard fire assay procedures. True widths have not been
    calculated.

    -------------------------------------------------------------------------
                             Table 3: Altagracia
    -------------------------------------------------------------------------
                                      Intercept      Au      Ag    AuEq (g/t)
    Hole       Year    From       To         (m)   (g/t)   (g/t)       (55:1)
    -------------------------------------------------------------------------
    OG-596     2009    87.0     94.3        7.3    0.64       3         0.68
    -------------------------------------------------------------------------
    OG-597     2009    71.0     72.1        1.1    1.17      36         1.82
    -------------------------------------------------------------------------
    OG-597     2009   125.0    142.0       17.0    0.24       7         0.37
    -------------------------------------------------------------------------
    OG-597     2009   142.0    151.0        9.0   11.81      94        13.51
    -------------------------------------------------------------------------
    OG-598     2009   127.0    132.0        5.0    0.76      30         1.30
    -------------------------------------------------------------------------
    OG-599     2009   143.5    159.0       15.5    0.35       0         0.35
    -------------------------------------------------------------------------
    OG-599     2009   189.5    204.0       14.5    0.20       4         0.26
    -------------------------------------------------------------------------
    OG-599     2009   209.0    210.0        1.0    0.97       6         1.08
    -------------------------------------------------------------------------
    OG-600     2009   103.0    104.0        1.0    0.23      41         0.98
    -------------------------------------------------------------------------
    OG-601     2009   196.2    199.2        3.0    0.31      12         0.54
    -------------------------------------------------------------------------
    OG-680     2009   100.4    103.0        2.6    0.24       6         0.35
    -------------------------------------------------------------------------
    OG-680     2009   323.0    333.4       10.4    3.01     241         7.38
    -------------------------------------------------------------------------
    OG-703     2009    58.6     60.6        2.0    0.19       9         0.35
    -------------------------------------------------------------------------
    OG-695     2009    26.0     35.0        9.0    0.43       6         0.55
    -------------------------------------------------------------------------
    OG-695     2009    58.6     61.5        2.9    0.38       6         0.48
    -------------------------------------------------------------------------
    OG-718     2009   199.0    210.0       11.0    0.06      16         0.35
    -------------------------------------------------------------------------
    OG-718     2009   224.0    226.0        2.0    0.40       5         0.49
    -------------------------------------------------------------------------
    OG-732     2009   164.0    166.0        2.0    0.48      12         0.69
    -------------------------------------------------------------------------
    OG-732     2009   230.0    233.0        3.0    0.95       7         1.07
    -------------------------------------------------------------------------
    OG-745     2009    14.8     17.8        3.1   15.77      26        16.25
    -------------------------------------------------------------------------
    OG-745     2009    25.5     33.5        8.1    0.26      16         0.55
    -------------------------------------------------------------------------
    OG-746     2009   145.5    147.0        1.5    8.54       0         8.54
    -------------------------------------------------------------------------

    Note: This exploration information has been reviewed by Qualified Person,
    Mr. Ramon Luna. All sample analyses were performed by Chemex
    Laboratories, based in Vancouver, British Columbia, or in the Ocampo mine
    lab, using standard fire assay procedures. True widths have not been
    calculated.

    -------------------------------------------------------------------------
                        Table 4: San Amado - La Leona
    -------------------------------------------------------------------------
                                      Intercept      Au      Ag    AuEq (g/t)
    Hole       Year    From       To         (m)   (g/t)   (g/t)       (55:1)
    -------------------------------------------------------------------------
    OG-178     2005   275.0    276.0        1.0     8.2     391        15.31
    -------------------------------------------------------------------------
    OU-424     2008    63.6     64.9        1.4    1.79     146         4.44
    -------------------------------------------------------------------------
    OU-425     2008     0.0      0.0        0.0    0.00       0         0.00
    -------------------------------------------------------------------------
    OU-426     2008    51.6     57.9        6.3   25.41    1693        56.19
    -------------------------------------------------------------------------
    OU-427     2008     0.0      0.0        0.0    0.00       0         0.00
    -------------------------------------------------------------------------
    OU-428     2008   127.1    130.8        3.7   85.65     684        98.10
    -------------------------------------------------------------------------
    OG-758     2009   303.2    304.0        0.9    5.50     249        10.03
    -------------------------------------------------------------------------
    OG-778     2009   121.0    122.0        1.0    0.54      30         1.09
    -------------------------------------------------------------------------
    OG-771     2009   294.0    295.0        1.0    1.85      46         2.69
    -------------------------------------------------------------------------
    OG-780     2009     0.0      0.0        0.0    0.00       0         0.00
    -------------------------------------------------------------------------
    OG-784*    2009   165.0    166.0        1.0    6.43      58         7.48
    -------------------------------------------------------------------------
    OG-784*    2009   212.0    212.5        0.5    3.10     282         8.23
    -------------------------------------------------------------------------
    OG-784     2009   231.0    231.5        0.5    0.00     221         4.02
    -------------------------------------------------------------------------
    OG-787*    2009   147.7    149.7        2.0   10.05     124        12.30
    -------------------------------------------------------------------------
    OG-787*    2009   149.7    153.9        4.2    0.49      18         0.81
    -------------------------------------------------------------------------
    OG-791     2009     0.0      0.0        0.0    0.00       0         0.00
    -------------------------------------------------------------------------
    OG-794     2009     0.0      0.0        0.0    0.00       0         0.00
    -------------------------------------------------------------------------
    OG-797(xx) 2009     8.2     14.3        6.1    0.31      25         0.77
    -------------------------------------------------------------------------
    OG-797(xx) 2009    14.3     18.8        4.5   14.15     193        17.65
    -------------------------------------------------------------------------
    OG-797(xx) 2009    44.9     46.4        1.5    2.07      12         2.27
    -------------------------------------------------------------------------
    OG-797(xx) 2009    58.7     61.0        2.4    1.19       9         1.35
    -------------------------------------------------------------------------
    OG-797*    2009   227.6    228.1        0.5  318.00    1028       336.68
    -------------------------------------------------------------------------
    OG-797*    2009   331.9    334.9        3.0    2.72       5         2.81
    -------------------------------------------------------------------------

    (*)    These samples are from a system of hanging-wall splits off the
           San Amado referred to as San Amado Alto
    ((xx)) These samples are from the parallel La Leona Vein

    Note: This exploration information has been reviewed by Qualified Person,
    Mr. Ramon Luna. All sample analyses were performed by ALS-Chemex
    Laboratories, based in Vancouver, British Columbia, or in the Ocampo mine
    lab, using standard fire assay procedures. The intercepts from OG-797 are
    the average of two ALS-Chemex assays on each sample. True widths have not
    been calculated.
    

SOURCE GAMMON GOLD INC.

For further information: For further information: please visit the Gammon Gold website at www.gammongold.com or contact: René Marion, Chief Executive Officer, Gammon Gold Inc., (902) 468-0614; Anne Day, Director of Investor Relations, Gammon Gold Inc., (902) 468-0614

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