Gammon Gold to Commence Monthly Updates



    HALIFAX, Nov. 26 /CNW/ - Gammon Gold Inc. ("Gammon Gold") (TSX:GAM and
AMEX:  GRS): Mr. Rene Marion, Chief Executive Officer of Gammon Gold, reported
today: "I am very pleased to report that the operations team in Mexico
continue to make significant progress, particularly at our flagship Ocampo
mine, and that we are committed to providing our shareholders with ongoing
updates on our progress starting on December 17th. We are confident that we
will report progress of our operations which will clearly demonstrate that the
Ocampo mine has started to turn the corner." Mr. Marion continued: "In fact,
Management remains confident in achieving its fourth quarter production target
of a 10-15% production improvement for Q4 that was provided during our recent
Q3 conference call as well as a significant decrease in cash costs per ounce.
With many more initiatives targeted for early to mid-2008, we anticipate that
we will achieve continued improvements as we move forward into 2008."
    Gammon will issue ongoing monthly key performance indicator updates
starting on December 17th, 2007 for October and November as the Company
continues to successfully address various productivity challenges experienced
in the second and third quarters. During the latter part of the third quarter,
the Company launched numerous initiatives aimed at improving productivity and
the positive impact of these initiatives began to gain traction in October.
Management is very confident that material improvement will be achieved during
the fourth quarter.

    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
development Guadalupe y Calvo property in Chihuahua State. The company remains
100% unhedged.

    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.

    Certain information regarding the Company contained herein may constitute
forward-looking statements within the meaning of applicable securities laws.
Forward-looking statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ from those reflected in
the forward-looking statements. Should one or more of these risks and
uncertainties materialize, or should underlying assumptions prove incorrect,
actual results may vary materially from those described in forward looking
statements. Specific reference is made to "Risk Factors" in the Company's
Annual Information Form and Form 40-F Report. Forward-looking statements may
include estimates, plans, expectations, opinions, forecasts, projections,
guidance or other statements that are not statements of fact including,
without limitation, statements regarding potential mineralization and
reserves, including the impact of any future exploration on reserve estimates;
expectations regarding the timing and extent of production at the Ocampo
project; the implications of the Mexican Single Rate Tax on future income tax
payments; estimates regarding the future costs related to exploration at
Ocampo; the nature and availability of additional funding sources; and future
plans and objectives of Gammon. In some cases, you can identify
forward-looking statements by the use of words such as may, will, should,
could, expect, plan, intend, anticipate, believe, estimate, predict, potential
or continue or the negative or other variations of these words, or other
comparable words or phrases. Although the Company believes that the
expectations reflected in such forward-looking statements are reasonable, it
can give no assurance that such expectations will prove to have been correct.
Important factors that could cause actual results to differ materially from
the Company's expectations include, among others, risks related to
international operations, including political turmoil and limited local
infrastructure to support large scale mining operations; the actual results of
current exploration activities; conclusions of economic evaluations and
changes in project parameters as plans continue to be refined; and
fluctuations in future prices of gold and silver. These factors are set out in
the Company's annual information form. The Company's forward-looking
statements are expressly qualified in their entirety by this cautionary
statement.




For further information:

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

Organization Profile

GAMMON GOLD INC.

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