REBgold is in the process of acquiring and developing an economic interest in gold assets and is in the process of evaluating and negotiating on a number of targets, ranging from scoping stage assets to producing mines. REBgold plans are to develop a small portfolio of equity interests, including control positions, in assets of merit. In particular where it can utilize its competitive advantages to create shareholder value.

The Company's key competitive advantages include an experienced board and management team, strategic investor backing and proprietary technology. The Company's bacterial oxidation and bioleaching technologies are commercially proven to liberate precious metals from difficult-to-treat sulphide ores and concentrates, with environmental and economic benefits. To date, the Company's patented BACOX technology has been used at three gold mines located in Australia, Tasmania and China.

Chile:

REBgold is conducting bioleach test work on concentrates produced from Yamana Gold Inc's Jeronimo Gold Project in Northern Chile. REBgold had previously conducted some initial bioleach test work for Yamana on its Jeronimo project and initial positive results indicated further test work was appropriate. In the event that results are satisfactory to Project, Yamana will pay a 1% net smelter returns ("NSR") royalty to REBgold on gold production generated from REB gold technology at the Jeronimo Project. In the event that REBgold is able to acquire an equity interest in the project then the royalty would be decreased to a 0.5% NSR and the fees for the test work would be reduced.  

Finland:

On March 24, 2011, REBgold announced that it had signed an agreement to joint venture with Belvedere Resources on a select number of Belvedere's gold projects in Finland. REBgold has the option to spend $6M ($1.5M this year) on the properties over 4 years to earn a 50% interest. REBgold can increase their interest to between 55 and 75% by sole-funding a feasibility study, and another 5% by using REBgold's BACOX technology. Drilling for this season has been completed and positive results have been released. 

On November 21, 2011, REBgold completed the first tranche of a financing campaign and raised $1M by way of Private Placement. This will allow REBgold to continue their drill program on the Rantasalmi property.

BACKGROUND ON PROJECTS

The main mineralized structure in the Rantasalmi area is the Osikonmaki shear zone, a shear complex, at least 3km long, hosted by a Proterozoic aged (1.88 Ga) Tonalitic Intrusion. Most of the drilling to date has focused on the Eastern 800m of this shear (referred to as Osikonmaki East) where the mineralization is primarily asociated with a 45" south dipping shear zone between 4 and 30m thick. A series of higher grade chutes pitch at shallow angles across the plane of the main shear, plunging 20' to the ESE, contain the better part of the mineralization and extend for at least 600m down plunge. In addition, recent drilling has identified the presence of hanging wall mineralization, a portion of which is included in the current resource estimate. Beyond the main shear zone, potential exits for gold mineralization in associated structures as indicated by the high grade mineralization identified at Pirila. 

The Kiimala project contains numerous paleoproterezoic gold occurrences in the form of an echelon vein system, two of which (K1 and K3) have been drilled sufficeintly to allow for the historical resource calculations.

MINING IN FINLAND

Finland has recently been ranked the #1 Country in the world for Mining (please see link to MyResources.com article dated September 28, 2011). Finland is a stable mining friendly country with a developed infrastructure and low power costs.

For more information about current and past projects, please click here.

Mark A. Burridge, B.Sc. - Chairman

Mr. Burridge has over 20 years' experience in the metals and mining industry, covering a wide range of commodities and geographies. His management experience includes corporate restructuring, mine development and operations, M&A transactions and financings. Most recently, he was CEO of Cambrian Mining Plc up until its acquisition by Western Canadian Coal. Prior to this, he was Managing Director at Hatch Corporate Finance, a corporate finance advisory firm. Earlier experience includes positions with Merrill Lynch, where he was a ranked Analyst, and with Barrick Gold Corporation, as a Geological Engineer. He has a degree in Mining Geology and is a Chartered Financial Analyst.

M. Ross Orr, B.A. - Director

Ross Orr initially brought BacTech to Canada from Australia in 1997 and was instrumental in the success of the Company's IPO. He sat on the board as an outside Director until taking the role of President and CEO in 2004. The first 2 years in this new position were consumed by restructuring the Company and positioning it to begin its refractory gold acquisition strategy. Mr. Orr is a graduate of the University of Calgary and currently sits on the board of Caldera Resources Ltd.

Stephen Fabian - Director

Mining engineer with over 25 years experience in Mining Finance and related areas including positions with County NatWest in Australia and London.

Peter A. Secker, B.Sc.Hons. - Technical Director

Over 28 years experience in the resources industry. Constructed, operated and managed mining projects globally, including two of REBgold's bacterial oxidation treatment plants.

Dr. Paul C. Miller, BSc.Hons. (Minerals Engineering) MSc. (Biochemical Engineering) PhD. (Chemical Engineering) MBA M IMM, C-Eng

Dr. Miller has over 25 years' industrial experience in bioleaching and commercial applications. He commenced his career working for Mintek in South Africa in 1981, and formed the original group evaluating bioleaching as a potential treatment option. In 1986, he joined Davy McKee in the U.K. as a group leader responsible for development of process technology in support of worldwide contracting activities, with an emphasis on refractory gold projects, determining the feasibility of bioleaching against competing technologies. He joined BacTech in Australia in 1996 as technical manager and, since that time, has been responsible for all technical aspects of projects, from initial test work and management of studies through to project design and execution.

Dr. Junxiang Guo, Ph.D.

A metallurgist by training, Dr. Guo has 15 years of experience in applied research, operations and project management. His operational experience includes Red Lake Mine in Canada, Shandong MIC BioGold in China, and Zeravshan Gold Company in Tajikistan. He formerly served as the Vice President,Marketing with Process Research ORTECH in Mississauga, Canada, and as the Technical Director at Zijin Mining Metallurgical Technologies Ltd. in Xiamen, China. Dr.Guo holds a Ph.D. degree in mineral processing from Queen's University in Canada.

Louis R. Nagy, C.A. - Chief Financial Officer

Mr. Nagy has more than 15 years of professional experience as a chartered accountant. During this time he has held several senior financial positions in the consumer goods and high tech industries.

Share Capitalization

Issued & Outstanding 182,258,486

Options 10,745,000

Warrants 67,778,333

Convertible Debt 4,100,000 82,623,333

Fully Diluted 264,881,819

* as at November 22, 2011