Gammon Gold Appoints Scott Perry as Chief Financial Officer and Russell Tremayne as Chief Operating Officer

    TSX: GAM / AMEX:   GRS / BSX: GL7

    HALIFAX, Jan. 25 /CNW/ - Gammon Gold Inc. ("Gammon") (TSX:GAM and
AMEX:  GRS): Gammon Gold is pleased to announce the appointment of Scott Perry,
CPA, to the position of Chief Financial Officer effective February and
Mr. Russell Tremayne as Chief Operating Officer effective immediately.
    "I am pleased to see Rene building his team with such high caliber
professionals" said Mr. Fred George, Gammon's President and Chairman.
Mr. George went on to say, "The combination of Scott, Russell and Rene proved
to be a winning team while they were in Russia and I am totally supportive of
Rene's initiative to replicate that success".
    Mr. Perry brings strong financial leadership experience in the mining
industry and has held senior financial leadership positions over the past
10 years. His 9 years with Barrick will add considerable depth to the senior
management and financial teams. Currently, Scott is CFO (seconded from Barrick
Gold) with Highland Gold Mining Ltd. ("HGML") where he is managing the
company's financial reporting and compliance commitments as well as its short
term & long term financial & operational strategy execution. Scott also led
the Company's business & corporate development initiatives. Prior to being
seconded to Highland Gold, Scott held increasingly senior financial roles with
Barrick Gold in Australia, the U.S. and in Russia, Central Asia where he was
instrumental in establishing Barrick's presence in Russia and assembling a
very strong financial team. Scott holds a Bachelor of Commerce degree from
Curtin University, a Post Graduate Diploma in Applied Finance & Investment as
well as a CPA designation.
    Mr. Tremayne brings over 35 years of solid mining experience throughout
the world to Gammon, with the majority of that time in senior leadership
roles. Most recently he held the position of Director of Operations with HGML.
While at Highland Gold, Russell was responsible for all operational activities
including production, development/stripping, milling operations, engineering
and production planning, logistics and purchasing, quality control, utilities
and communications. Russell also had overall responsibility for budgets and
management reporting and has a great deal of experience and success dealing
with safety and environmental issues. His extensive experience and solutions
driven approach will greatly strengthen Gammon's operational team and provide
the leadership we require to enhance the mining methods and best practices
that will position the Company to achieve its potential at Ocampo. Russell
holds an Accredited Bachelor of Science Mining.
    "I have worked with Scott since 2001 so I am confident that his
experience in mining operations will be a tremendous asset to the Company and
bring significant strength to Gammon's financial team. Scott was my first
choice to be part of establishing Barrick's presence in Russia and
recapitalizing and turn the operations of HGML around. His efforts were
critical to that success. So I am very pleased to welcome Scott to Gammon's
senior management team and I look forward to working with him again." said
Rene Marion, CEO of Gammon Gold. Mr. Marion continued, "I worked with Russell
for several years. He reported directly to me during my secondment to
Highland, so I know that he possesses the drive and skills necessary to
continue to address the operational challenges at Ocampo, as he has faced
similar issues throughout his career. Both Scott and Russell will strengthen
our senior management team tremendously and bring the mining experience
required to execute on our growth strategy. We extend our sincere thanks to
both Glenn Hynes and Dave Keough for their contributions and wish them well
with their future endeavors."

    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.

    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 the
effects of management changes, 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
    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 or contact: Anne Day, Director of Investor Relations,
Gammon Gold Inc., (902) 468-0614; Rene Marion, Chief Executive Officer, Gammon
Gold Inc., (902) 468-0614

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