TORONTO, ONTARIO -- (MARKET WIRE) -- 10/11/11 -- Avion Gold Corporation (TSX: AVR)(OTCQX: AVGCF) ("Avion" or the 'Company') is pleased to announce the results from 45 drill holes totaling 9,367 metres completed over the Kofi Project during the third quarter of 2011. Drilling was focused in and proximal to the Kofi C zone which contains an historic National Instrument 43-101 ("NI 43-101") estimated indicated mineral resource of 873,000 tonnes grading 3.6 g/t Au totaling 99,000 ounces of gold and an inferred mineral resource of 913,000 tonnes at 3.7 g/t Au totaling 109,000 ounces gold (Roberts(1), 2008, NI 43-101 compliant resource report, available under the SEDAR profile of AXMIN Inc.). Note that a qualified person has not carried out the work required to classify the historical estimate as current mineral resources for Avion and therefore Avion is not treating the historical estimate as current mineral resources. Avion intends to update the resources for the Kofi project in late Q4, 2011.

Significant results include the following: 

--  3.39 g/t Au over 77.4 metres
--  3.51 g/t Au over 53.7 metres
--  2.68 g/t Au over 64.3 metres
--  1.68 g/t Au over 33.0 metres
--  5.00 g/t Au over 20.0 metres
--  2.38 g/t Au over 75.0 metres
--  4.87 g/t Au over 15.0 metres
--  3.19 g/t Au over 16.2 metres
--  14.36 g/t Au over 6.0 metres
--  27.75 g/t Au over 5.0 metres

The Kofi C zone lies within an at least 40 kilometre long by 5 kilometre wide, north-northeast trending structural corridor that contains at least nineteen deposits and zones that have been discovered, fifteen of which are on the adjacent Randgold property (see Figure 1). A clear break, defined by the airborne geophysical conductivity data, suggests that this trend continues onto the Kofi property for at least 19 kilometres.

Avion's 2011 Kofi C zone drill program was designed to better define mineralization continuity and to test for extensions of the known zones. To date, Avion has completed 52 holes totaling approximately 10,738 metres at the Kofi C zone and expects to continue drill testing the Kofi project until mid-December. Drilling at the Kofi C zone area has defined 10 mineralized zones over a 700 metre by 200 metre area to a maximum depth of 180 metres. This area has been subject to intense alteration, dyke emplacement and faulting, which complicates geological interpretation. A summary of current intercepts and their associated zone designations are appended to this release. A map that presents the approximate location of the drill intercepts, relative to a surface plan of the color contoured induced polarization, is presented in Figure 2.

Don Dudek, Avion's Senior Vice President, Exploration stated: "The Kofi C zone area has returned exceptional grades and widths and as we collect drill information we have gained more confidence in our geological models and in Avion's ability to trace the mineralized zones along strike. As a result, management believes that Avion will be able to increase the confidence levels of the historic resources and add additional mineral resources."

The Kofi property is a large, approximately 470 km2, property package situated, at its nearest point, within approximately five kilometres to the northwest of Avion's Tabakoto Project. The Kofi property wraps around the north side of Randgold's Loulo Mine concessions (Historic Measured and Indicated mineral resources of 62.69 million tonnes grading 4.55 g/t Au - see Figure 1).

The Kofi property contains nine mineralized zones with identified mineral resources. All of the estimated mineral resources lie in the Kofi Nord concession of which Avion's holds a 93.75% interest with 6.25% held by Societe Financiere d'Exploration d'Or au Mali. These interests are prior to a carried interest of up to 20% due to the Government of Mali upon commencement of production. Therefore, Indicated mineral resources of 274,687 ounces and Inferred mineral resources of 345,000 ounces are currently credited to Avion. Total estimated Indicated Mineral Resources are approximately 3.24 million tonnes grading 2.55 g/t Au totaling 293,000 ounces Au (Roberts(1), 2008, NI 43-101 compliant report). In addition, the Kofi property hosts total Inferred Mineral Resources of approximately 5.26 million tonnes grading 2.18 g/t Au totaling 368,000 ounces of gold (Dec. 11, 2007AXMIN news release, Roberts(1), 2008 NI 43-101 compliant report). Note that a qualified person has not carried out the work required to classify the historical estimate as current mineral resources for Avion and therefore Avion is not treating the historical estimate as current mineral resources. Avion intends to update the resources for the Kofi project in late Q4, 2011. Most of the zones are open along strike and to depth with zones only tested from 60 to 200 metres below surface. All of the zones are within 15 to 38 kilometers of Tabakoto's mine infrastructure, potentially placing these zones, including the estimated mineral resources, within trucking distance to the Tabakoto mill.

Avion will continue to compile the project data, develop target models and define new drill targets for the remainder of 2011's approximate 20,000 metre drill program and prepare for an aggressive drill program in 2012. Work in 2011 has concentrated on the Betea Central and Kofi C zones. It is anticipated that during the fourth quarter of 2011, drill testing of some of the other zones as well as a few conceptual targets, will be carried out.

Avion's procedures for handling core have been presented in previous news releases (See for e.g. Avion's News Release dated May 13, 2010). Assays presented in the attached table have been capped at 25 g/t to 40 g/t Au.

Avion's 2011 minimum 75,000 metre drill focused, US$ 16 million exploration program is well underway with 405 core and reverse circulation ('RC') holes totaling approximately 64,000 metres of drilling completed. Drilling completed to date consists of approximately 34,500 metres on Avion's Mali projects (Tabakoto and Kofi) and 27,600 metres on Avion's Burkina Faso property (Hounde) with a core drill rig active on the Kofi property and two core rigs active on the Hounde property. Two additional core drill rigs and an RC rig are now active at the Tabakoto property. The core rigs will focus on upgrading Inferred mineral resources to Measured & Indicated mineral resources and the testing of new targets east and west of the Segala Main deposit and north of the Tabakoto deposit. The RC rig will focus on the conversion of open pit Inferred mineral resources to open pit Measured & Indicated mineral resources at Avion's Djambaye II zone, which will be subject to open pit mine development later in 2011.

Don Dudek, P.Geo., the Senior Vice President, Exploration of the Company and a qualified person under National Instrument 43-101 has reviewed and approved the scientific and technical information in this press release.

To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/fig1kofi.pdf

To view Figure 2, please visit the following link: http://media3.marketwire.com/docs/fig2zonec.pdf

About Avion Gold Corporation

Avion is a Canadian-based gold mining company focused in West Africa that holds 80% of the Tabakoto and Segala gold projects in Mali. Gold production commenced at these projects in 2009 with approximately 51,290 ounces produced. 2010 production was 87,630 ounces of gold. Production sustainability will continue to be supported and enhanced by an aggressive 2011 drill program over an approximately 600 km2 exploration package that both surrounds and is near to the Company's existing mine infrastructure. The current mineral resources estimate for the Tabakoto project demonstrates several sources of excellent grade open pit and good grade underground mineral resources thus providing significant flexibility for Avion's future mining plans. On July 5, 2011 Avion announced its initial proven or probable mineral reserve estimate of 7.24 million tonnes grading 3.92 g/t Au totaling 913,100 ounces of gold at the Tabakoto Project. Additionally, the 1,670 km2 Hounde exploration property in Burkina Faso continues to return promising results. These properties are subject to a US$ 16 million dollars, greater than 75,000 metre, drill-focused, exploration program in 2011. Avion continues to progress towards its medium term goal of 200,000 ounces of gold per year and a longer term goal of organic growth through development of its exploration properties. The Company is developing an underground mine at the Tabakoto deposit, and is preparing to mine underground at the Segala deposit. Avion has a highly skilled management team, with a focus on growth and consolidation within West Africa.

Cautionary Notes

(1) Avion has reviewed Dr. Roberts 2008 report titled 'Mineral Resource Estimation for the Kofi Project, Mali'. This report, as stated, was prepared as per NI 43-101 and Canadian Institute of Mining, Metallurgy and Petroleum (CIM) guidelines. Accepted methodology includes construction of a section set near-perpendicular to the zone trend, the calculation of composites using a statistical Au top-cut, the construction of wire frames using a 0.5 g/t Au cut-off grade, modeling of the saprolite, transition and fresh rock contacts, the collection of a satisfactory amount of specific gravity data and then block modeling the zone using ordinary Kriging with a 1 g/t Au cut-off grade. The distinction between indicated and inferred mineral resources was determined statistically by the available data. Avion accepts this methodology and has completed drilling over both the Betea Central and Kofi C zones that generally confirms the location, the shape and grades of the mineralized zones at the Betea Central zone. However, at this point it is too early to comment on the accuracy of the resource study completed by Roberts so the reader must be cautioned that the stated indicated and inferred mineral resources are only for overall reference and still need to be validated and re-stated by Avion. Stated simply, a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserve and Avion is not treating the historical estimate as current mineral resources or mineral reserves.

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the impact of the drill results on the Company; statements with respect to the development potential and timetable of the Tabakoto, Kofi and Hounde projects; the future price of gold; the estimation of mineral resources; conclusions of economic evaluation (including scoping studies); the realization of mineral resource estimates; the timing and amount of estimated future production, development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the annual information form of the Company which is available under the profile of the Company on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information 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 information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

For additional information, please visit our website at www.aviongoldcorp.com. Follow us on Facebook and Twitter: @AvionGoldAVR. 

Kofi C zone Area 2011 Significant Intercepts(i)

Kofi Zone C Gold
Assay Composites
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                               Estimated            Capped
                                     (i)              (ii)
Hole ID      From     To  Width     true    Grade    grade
              (m)    (m)    (m)    width (g/t Au) (g/t Au)   Zone    Comment
----------------------------------------------------------------------------
C-11-0001    26.5   28.0    1.5              1.00     1.00
----------------------------------------------------------------------------
C-11-0001   129.2  151.0   21.8     20.7     1.35     1.35   CW-D
----------------------------------------------------------------------------
C-11-0001   193.1  194.1    1.0              1.11     1.11
----------------------------------------------------------------------------
----------------------------------------------------------------------------
C-11-0002    19.0   22.0    3.0      2.3     2.37     2.37     CB
----------------------------------------------------------------------------
C-11-0002    53.8   54.9    1.1      0.8     1.80     1.80   CW-C
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                  23 - 37.7m
                                                                    mined by
C-11-0003    38.3   56.1   17.8     14.9     2.50     2.50     CA   artisans
----------------------------------------------------------------------------
C-11-0003    74.3   84.5   10.2      7.9     2.45     2.45     CB
----------------------------------------------------------------------------
C-11-0003    98.0  105.9    7.9      7.5     2.88     2.88   CW-C
----------------------------------------------------------------------------
C-11-0003   116.0  116.6    0.6              0.60     0.60
----------------------------------------------------------------------------
C-11-0003   153.4  154.9    1.5              2.77     2.77
----------------------------------------------------------------------------
----------------------------------------------------------------------------
C-11-0004    67.9   69.0    1.1              1.03     1.03
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                          no
                                                                 significant
C-11-0005                   0.0                                   intercepts
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                          no
                                                                 significant
C-11-0006                   0.0                                   intercepts
----------------------------------------------------------------------------
----------------------------------------------------------------------------
C-11-0007   181.6  183.1    1.5      1.5     1.24     1.24     CB
----------------------------------------------------------------------------
C-11-0007   205.7  208.7    3.0      3.0     1.04     1.04   CW-C
----------------------------------------------------------------------------
----------------------------------------------------------------------------
C-11-0008   233.0  239.5    6.5      5.9     2.36     2.36   CW-C
----------------------------------------------------------------------------
----------------------------------------------------------------------------
C-11-0009     1.5   58.0   56.5              1.66     1.66
----------------------------------------------------------------------------
including     3.0   33.0   30.0     20.0     2.16     2.16     CZ
----------------------------------------------------------------------------
including     3.0   13.5   10.5              5.14     5.14
----------------------------------------------------------------------------
including    47.5   57.0    9.5      8.8     2.94     2.94     CA
----------------------------------------------------------------------------
C-11-0009    97.8  100.6    2.8      2.8     3.00     3.00     CB
----------------------------------------------------------------------------
----------------------------------------------------------------------------
C-11-0010     7.5   13.5    6.0              1.56     1.56
----------------------------------------------------------------------------
C-11-0010    34.0  111.4   77.4              3.39     3.39
----------------------------------------------------------------------------
including    34.0   43.7    9.7      8.9     5.76     5.76     CZ
----------------------------------------------------------------------------
including    66.1  111.4   45.3     24.3     4.53     4.53     CA
----------------------------------------------------------------------------
including    66.1   82.7   16.6              3.73     3.73
----------------------------------------------------------------------------
including    88.5  111.4   22.9              6.22     6.22
----------------------------------------------------------------------------
including    93.7   98.2    4.5             20.79    20.79
----------------------------------------------------------------------------
C-11-0010   144.8  146.0    1.2      1.0     1.41     1.41     CB
----------------------------------------------------------------------------
C-11-0010   166.5  169.5    3.0              2.28     2.28
----------------------------------------------------------------------------
C-11-0010   235.2  238.2    3.0      3.0     1.97     1.97   CW-D
----------------------------------------------------------------------------
C-11-0010   288.8  297.2    8.4              1.19     1.19
----------------------------------------------------------------------------
C-11-0011    61.5   66.3    4.8      3.2     1.20     1.20     CB
----------------------------------------------------------------------------
C-11-0011   148.1  201.8   53.7     33.6     3.51     3.51   CW-C
----------------------------------------------------------------------------
including   148.1  164.8   16.7              6.07     6.07
----------------------------------------------------------------------------
C-11-0011   199.5  201.8    2.3              3.96     3.96
----------------------------------------------------------------------------
C-11-0011   238.2  253.0   14.8     13.3     2.90     2.90   CW-D
----------------------------------------------------------------------------
C-11-0012   100.8  108.8    8.0      7.0     4.97     4.97   CW-C      dyked
----------------------------------------------------------------------------
C-11-0012   120.5  122.0    1.5              1.50     1.50
----------------------------------------------------------------------------
C-11-0012   195.2  196.6    1.4              1.41     1.41
----------------------------------------------------------------------------
----------------------------------------------------------------------------
C-11-0013    12.0   13.5    1.5      1.5     1.76     1.76     CA
----------------------------------------------------------------------------
C-11-0013    15.0   16.5    1.5              1.06     1.06
----------------------------------------------------------------------------
C-11-0013    25.5   27.0    1.5              1.00     1.00
----------------------------------------------------------------------------
C-11-0013    66.5   68.0    1.5              1.71     1.71
----------------------------------------------------------------------------
C-11-0013    93.5   95.0    1.5              3.04     3.04
----------------------------------------------------------------------------
C-11-0013    99.4  100.8    1.4              2.23     2.23
----------------------------------------------------------------------------
C-11-0013   113.8  127.0   13.2      7.8     1.17     1.17     CB
----------------------------------------------------------------------------
C-11-0013   193.0  257.3   64.3              2.62     2.62
----------------------------------------------------------------------------
including   193.0  206.9   13.9     13.0     4.72     4.72   CW-C
----------------------------------------------------------------------------
including   197.5  202.4    4.9              9.31     9.31
----------------------------------------------------------------------------
including   236.2  257.3   21.1     20.0     4.69     4.69   CW-D
----------------------------------------------------------------------------
C-11-0014     7.5   25.5   18.0     18.0     1.80     1.80     CA
----------------------------------------------------------------------------
C-11-0014    61.4   62.9    1.5              3.18     3.18
----------------------------------------------------------------------------
C-11-0014    85.0   86.3    1.3              1.32     1.32
----------------------------------------------------------------------------
C-11-0014   111.4  130.4   19.0     15.8     1.23     1.23     CB
----------------------------------------------------------------------------
C-11-0014   169.4  203.0   33.6     30.0     1.68     1.68   CW-C
----------------------------------------------------------------------------
C-11-0015     5.5    7.0    1.5              1.25     1.25
----------------------------------------------------------------------------
C-11-0015    14.0   14.8    0.8      0.8     1.31     1.31     CA
----------------------------------------------------------------------------
                                                                     open up
                                                                    hole (no
C-11-0015    85.2   86.4    1.2              4.53     4.53         sampling)
----------------------------------------------------------------------------
C-11-0015   123.4  130.9    7.5      7.5     1.49     1.49   CW-C
----------------------------------------------------------------------------
C-11-0015   141.5  143.0    1.5              1.63     1.63
----------------------------------------------------------------------------
C-11-0015   149.0  150.5    1.5              1.28     1.28
----------------------------------------------------------------------------
C-11-0015   167.0  168.5    1.5              1.13     1.13   CW-D
----------------------------------------------------------------------------
----------------------------------------------------------------------------
C-11-0016     6.0    7.5    1.5      1.5     2.35     2.35     CZ
----------------------------------------------------------------------------
C-11-0016    30.0   42.0   12.0      8.0     4.60     4.60     CA
----------------------------------------------------------------------------
C-11-0016    92.5   95.1    2.6              1.80     1.80
----------------------------------------------------------------------------
C-11-0016   132.5  133.7    1.2              1.17     1.17
----------------------------------------------------------------------------
C-11-0016   187.9  189.4    1.5              1.10     1.10
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-
 0001         4.0   10.0    6.0      5.2    14.36     8.80  S-Ext
----------------------------------------------------------------------------
CRC-11-
 0001        51.0   52.0    1.0              1.20     1.20
----------------------------------------------------------------------------
CRC-11-
 0002        26.0   31.0    5.0      5.0    27.75    17.00  S-Ext
----------------------------------------------------------------------------
CRC-11-
 0002        92.0  136.0   44.0              0.80     0.80
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                          no
CRC-11-                                                          significant
 0003                       0.0                                   intercepts
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-
 0004        13.0   28.0   15.0     12.1     1.46     1.46  S-Ext
----------------------------------------------------------------------------
CRC-11-
 0005        32.0   34.0    2.0              1.06     1.06
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-
 0006        56.0   57.0    1.0              1.03     1.03
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-
 0007        15.0   16.0    1.0              1.30     1.30
----------------------------------------------------------------------------
CRC-11-
 0007        44.0   45.0    1.0              1.27     1.27
----------------------------------------------------------------------------
CRC-11-
 0007       136.0  144.0    8.0      7.2     1.71     1.71  S-Ext
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-
 0008        87.0   92.0    5.0              1.34     1.34
----------------------------------------------------------------------------
CRC-11-
 0008       105.0  106.0    1.0              2.45     2.45  S-Ext
----------------------------------------------------------------------------
CRC-11-
 0008       158.0  159.0    1.0              0.96     0.96
----------------------------------------------------------------------------
CRC-11-
 0008       216.0  217.0    1.0              1.27     1.27
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                          no
CRC-11-                                                          significant
 0009                       0.0                                   intercepts
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                          no
CRC-11-                                                          significant
 0010                       0.0                                   intercepts
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-
 0011       190.0  191.0    1.0              1.28     1.28
----------------------------------------------------------------------------
CRC-11-
 0011       203.0  207.0    4.0      3.3     2.44     2.44  S-Ext
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-
 0012         5.0    6.0    1.0              5.38     5.38
----------------------------------------------------------------------------
CRC-11-
 0012        29.0   30.0    1.0              4.27     4.27
----------------------------------------------------------------------------
CRC-11-
 0012       154.0  155.0    1.0              1.07     1.07
----------------------------------------------------------------------------
CRC-11-
 0013        64.0   65.0    1.0      1.0     1.06     1.06   CW-C
----------------------------------------------------------------------------
CRC-11-
 0014        82.0   83.0    1.0      1.0     1.05     1.05   CW-C
----------------------------------------------------------------------------
CRC-11-
 0014        88.0   89.0    1.0              1.79     1.79
----------------------------------------------------------------------------
CRC-11-
 0014        94.0   96.0    2.0              2.66     2.66
----------------------------------------------------------------------------
CRC-11-
 0014       145.0  146.0    1.0      1.0     1.08     1.08   CW-D
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-                                                               Assays
 0015                                                                pending
----------------------------------------------------------------------------
CRC-11-
 0016        17.0   22.0    5.0      4.5     1.50     1.50     CA
----------------------------------------------------------------------------
CRC-11-
 0016        97.0   99.0    2.0              2.47     2.47
----------------------------------------------------------------------------
CRC-11-
 0016       109.0  110.0    1.0              4.13     4.13
----------------------------------------------------------------------------
CRC-11-
 0016       167.0  168.0    1.0      1.0     1.26     1.26   CW-D
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-
 0017        33.0   36.0    3.0              3.51     3.51
----------------------------------------------------------------------------
CRC-11-
 0017        43.0   44.0    1.0              1.63     1.63
----------------------------------------------------------------------------
CRC-11-
 0017       102.0  104.0    2.0              1.58     1.58
----------------------------------------------------------------------------
CRC-11-
 0017       113.0  114.0    1.0              1.92     1.92
----------------------------------------------------------------------------
CRC-11-
 0017       137.0  138.0    1.0              1.19     1.19
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-
 0018        20.0   21.0    1.0              3.71     3.71
----------------------------------------------------------------------------
CRC-11-
 0018        77.0   78.0    1.0              1.57     1.57
----------------------------------------------------------------------------
CRC-11-
 0018        85.0   86.0    1.0              1.03     1.03
----------------------------------------------------------------------------
CRC-11-
 0018        87.0   88.0    1.0      1.0     2.01     2.01   CW-C
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-
 0019         4.0   24.0   20.0     16.0     5.00     5.00     CA
----------------------------------------------------------------------------
including     5.0   13.0    8.0              8.84     8.84
----------------------------------------------------------------------------
CRC-11-
 0019        45.0   48.0    3.0      2.1     4.65     4.65     CB
----------------------------------------------------------------------------
including    47.0   48.0    1.0              9.53     9.53
----------------------------------------------------------------------------
CRC-11-
 0019        64.0   65.0    1.0              2.35     2.35
----------------------------------------------------------------------------
CRC-11-
 0019       133.0  135.0    2.0      2.0     1.29     1.29   CW-C
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-
 0020        43.0   44.0    1.0      1.0     1.63     1.63     CZ
----------------------------------------------------------------------------
CRC-11-
 0020        95.0   96.0    1.0              2.27     2.27
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                          no
CRC-11-                                                          significant
 0021                       0.0                                   intercepts
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                          no
CRC-11-                                                          significant
 0022                       0.0                                   intercepts
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                          no
CRC-11-                                                          significant
 0021A                      0.0                                   intercepts
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                          no
CRC-11-                                                          significant
 0023                       0.0                                   intercepts
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                          no
CRC-11-                                                          significant
 0024                       0.0                                   intercepts
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-
 0025       183.0  185.0    2.0              2.35     2.35
----------------------------------------------------------------------------
CRC-11-
 0025       192.0  193.0    1.0              1.24     1.24
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                          no
CRC-11-                                                          significant
 0026                       0.0                                   intercepts
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-
 0027       108.0  110.0    2.0              2.32     2.32
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-
 0028       188.0  189.0    1.0              1.81     1.81
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-
 0029       202.0  203.0    1.0              1.18     1.18
----------------------------------------------------------------------------
CRC-11-
 0029       214.0  215.0    1.0              1.18     1.18
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-
 0030         0.0   75.0   75.0              2.38     2.38
----------------------------------------------------------------------------
including     0.0   36.0   36.0     21.0     3.77     3.77     CZ
----------------------------------------------------------------------------
                                                                   artisanal
including     3.0    6.0    3.0              0.00     0.00            mining
----------------------------------------------------------------------------
including     7.0   22.0   15.0              8.33     8.33
----------------------------------------------------------------------------
                                                                   artisanal
including    15.0   16.0    1.0              0.00     0.00            mining
----------------------------------------------------------------------------
including    51.0   54.0    3.0      3.0     0.80     0.80     CA      dyked
----------------------------------------------------------------------------
including    59.0   75.0   16.0     14.5     2.00     2.00     CB
----------------------------------------------------------------------------
including    63.0   67.0    4.0              6.07     6.07
----------------------------------------------------------------------------
CRC-11-
 0030       108.0  109.0    1.0              2.76     2.76
----------------------------------------------------------------------------
CRC-11-
 0030       119.0  120.0    1.0               1.3      1.3
----------------------------------------------------------------------------
CRC-11-
 0030       125.0  126.0    1.0              1.12     1.12
----------------------------------------------------------------------------
CRC-11-
 0030       132.0  133.0    1.0              1.52     1.52
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-
 0031        34.0   38.0    4.0      4.2     6.21     6.21     CZ
----------------------------------------------------------------------------
CRC-11-
 0031       157.0  158.0    1.0              1.13     1.13
----------------------------------------------------------------------------
CRC-11-
 0031       169.0  171.0    2.0      2.0     6.91     6.91   CW-C
----------------------------------------------------------------------------
CRC-11-
 0031       202.0  203.0    1.0              1.16     1.16
----------------------------------------------------------------------------
----------------------------------------------------------------------------
CRC-11-                                                              open at
 0032         0.0    8.0    8.0      6.8     2.23     2.23     CZ    surface
----------------------------------------------------------------------------
CRC-11-
 0032       105.0  120.0   15.0     11.0     4.87     3.42     CB
----------------------------------------------------------------------------
CRC-11-
 0032       143.0  144.0    1.0      1.0     1.03     1.03   CW-C
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Capping: Zone C and CW = 40g/t; Zone C South extension (Sex) = 25g/t - per
 Roberts, 2008 resource study
Abbreviation: CA - Zone C East, oreshoot A; CB - Zone C East, oreshoot B; CZ
 - Zone C East, oreshoot Z; CW-C - Zone C West, oreshoot C; and CW-D - Zone
 C West, oreshoot D


Contacts:
Avion Gold Corporation
Michael McAllister
Manager, Investor Relations
(416) 309-2134
info@aviongoldcorp.com
www.aviongoldcorp.com

Source: Avion Gold Corporation