Gammon Lake Resources Inc. Appoints Dave Keough as COO

    TSX: GAM / AMEX:   GRS / BSX: GL7

    HALIFAX, June 4 /CNW/ - Gammon Lake Resources Inc (GAM -TSX; GRS - AMEX)
("Gammon") is pleased to announce the appointment of Dave Keough as Executive
Vice President and Chief Operating Officer effective July 3, 2007. Along with
responsibility for managing the operations, exploration and expansion of the
Ocampo and El Cubo mines in Mexico, Mr. Keough will oversee the exploration,
evaluation and advancement of the exciting Guadalupe y Calvo exploration
    "Dave Keough has been involved in the gold mining industry for more than
24 years and brings extensive international experience in mining and
exploration, project evaluation, feasibility studies and project and business
development" commented Russell Barwick, Gammon's recently appointed CEO. "His
significant experience in Latin America and prior experience in Asia-Pacific
provide a unique skill set critical to Gammon's current needs."
    "Attracting someone of Dave's skills and experience to the COO role and
the recent appointment of Glenn Hynes as Company CFO are significant
initiatives in repositioning Gammon from an advanced exploration and mine
development company, to a main stream high caliber mining corporation" added
    Mr Keough possesses solid expertise in occupational health and safety,
community and government relations, environmental management and sustainable
development projects. He holds a B.Sc (Applied Science) and Post Graduate
qualifications in Mineral Economics and Mining Law and is a Registered Mine
Manager in the state of Western Australia.
    Mr Keough was most recently Director of Operations for Goldcorp Brazil
with responsibility for the commissioning and optimisation of a 2.5 million
tonne per annum Heap Leach operation. Prior to Brazil he was General Manager
Corporate Development for Wheaton River - Goldcorp Asia-Pacific. Before
joining Wheaton River - Goldcorp Mr Keough worked for Xstrata Copper's
Alumbrera Mine in northern Argentina in a number of senior technical and
operational roles and was part of the management team which significantly
improved the operating performance of the project. Prior to Xstrata, Mr Keough
worked for Placer Dome at a number of their prominent Asia-Pacific gold
operations including Kidston, Big Bell, Osborne and Granny Smith in
construction, operational and exploration leadership roles.
    With Mr Keough's announcement, Gammon's current COO, Mr John Thornton,
will transition to a new management role where he will provide technical
support to the new Gammon management team. John's deep knowledge of the
Company and vast experience with the Ocampo project will continue to be
leveraged going forward.

    About Gammon Lake

    Gammon Lake Resources Inc. is a Nova Scotia based mid tier gold and
silver producer with properties in Mexico. The Company's flagship Ocampo
Project achieved commercial production in January 2007. Gammon Lake remains
100% unhedged and is targeting an annual production run rate of 400,000 gold
equivalent ounces (200,000 ounces of gold and 10-million ounces of silver) by
the end of 2007 from the Company's Ocampo and El Cubo Mines.

    Cautionary Statement

    Cautionary Note to US Investors - The United State 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
Lake's Annual Report on Form 40-F (File No. 001-31739), which may be secured
from Gammon Lake, 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 potential
mineralization and reserves, exploration results, and future plans and
objectives of Gammon Lake Resources, 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 Lake'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 Lake's Form 40-F and Annual
Information Form as filed with the United States Securities and Exchange
Commission. Although Gammon Lake 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 Lake 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 Lake website at or contact: Russell C. Barwick, Chief Executive Officer,
Gammon Lake Resources Inc., (902) 468-0614; Glenn Hynes, Chief Financial
Officer, Gammon Lake Resources Inc., (902) 468-0614

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