Gammon Gold to Release Third Quarter 2008 Financial Results November 12, 2008



    HALIFAX, Oct. 21 /CNW/ - Gammon Gold Inc. ("Gammon Gold") (TSX:GAM and
NYSE:  GRS) is pleased to announce that the Company's quarterly financial
results for the three month period ended September 30, 2008 will be released
before the market opens on Wednesday, November 12, 2008. The financial
statements will be available on the Company's website at www.gammongold.com or
www.sedar.com.
    A webcast and conference call will be held on Wednesday, November 12,
2008 starting at 10:00 am Eastern Time (11:00 am Atlantic Time). Senior
management will be on hand to discuss the results.

    
    Conference Call Access:
    -----------------------

      - Toll Free: 1-800-731-6941

    When the Operator answers please ask to be placed into the Gammon Gold
Third Quarter Results Conference Call.

    Live Webcast:
    -------------

    The event will be broadcast live on the internet via webcast. To access
the webcast please follow the link provided below:
    http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2431000

    Archive Call Access:
    --------------------

    If you are unable to attend the conference call, a replay will be
available until midnight, Wednesday, November 19, 2008 by dialing the
appropriate number below:

      - Local Toronto Participants: 1-416-640-1917 Passcode: 21285089#
      - North America Toll Free: 1-877-289-8525 Passcode: 21285089#
      - Outside North America: 1-416-640-1917 Passcode: 21285089#

    Archive Webcast:
    ----------------

    The webcast will be archived for 365 days by following the link provided
below:
    http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2431000 or via the
Company's website at www.gammongold.com.

                             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.
    




For further information:

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

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GAMMON GOLD INC.

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