Gammon Gold Announces Appointment of Senior Vice President of Exploration and Business Development

    HALIFAX, Oct. 1 /CNW/ - Gammon Gold Inc. ("Gammon") (TSX:GAM and
AMEX:  GRS): is pleased to announce the appointment of Mr. Peter Drobeck, as
Senior Vice President of Exploration & Business Development.
    Mr. Peter Drobeck will assume the role of Senior Vice President of
Exploration & Business Development effective October 15, 2008. Mr. Drobeck
brings with him over twenty-eight years of mining industry experience that has
focused on precious / base-metal exploration in a wide variety of geologic,
geographic, and cultural settings in North and South America, Africa, and Asia
including a number of years working in Mexico's prolific mining districts. His
responsibilities have ranged from project generation to extensive project
management and evaluations in new as well as established mineralized belts.
Most recently, Mr. Drobeck was V.P. Exploration for Electrum USA Ltd., a
privately funded international exploration company with extensive exploration
programs throughout the world.
    "I am pleased to welcome Peter to the Gammon team to lead our Exploration
Division," said Rene Marion, Chief Executive Officer of Gammon Gold.
Mr. Marion continued, "While we have always been excited by the potential of
our assets, the Company has been primarily focused on operations. With this
appointment, Peter will be able to steward an extremely important aspect of
our business by leading the exploration and development of our extensive
47,000 hectare land position, and he will also bring a strategic focus to
identifying new business opportunities for the Company. With the addition of
Peter to our team, we are now well positioned to expand on our current
strategic growth model. Our 18-month, $26-29 million dollar exploration
program represents 10% of our annual revenue stream and I can't think of
anyone more qualified to maximize this significant investment than Peter."
    I am very excited to accept this position with Gammon, and look forward
to contributing to the success of the Company. The Company's combination of a
solid asset base with the aggressive, dynamic and skilled team that Mr. Marion
has assembled, provides the shareholders an opportunity to build a key company
in the gold mining sector," stated Peter Drobeck, Senior Vice President of
Exploration & Business Development. Mr. Drobeck continued, "I will be working
with the Gammon team to develop state-of-the art technology and methods to be
certain the full ore potential of the present land package is realized for the
shareholders. Much of my experience has been in project generation and
developing new exploration teams and assets, so I will also be working with
the team to build a portfolio of new exploration projects and mines, as part
of Gammon's aggressive growth model."

    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

    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 without limitation, statements regarding future cash costs
and production at El Cubo and Ocampo and the ability to continue to
successfully implement the Company's turn-around strategy, statements
regarding the resource growth potential of Guadalupe y Calvo, statements
regarding the company's ability to continue its improved cash flow
performance, 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

For further information:

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

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890