TORONTO, ONTARIO -- (MARKET WIRE) -- 12/30/10 -- Avion Gold Corporation ("Avion" or "the Company") (TSX: AVR)(OTCQX: AVGCF), today announced its updated resource estimation for eight deposit groups (see Figure) which comprise the Tabakoto Project. Highlights for the Tabakoto Project are as follows:
-- Average grade of the Tabakoto Deposit (including Tabakoto NE, Tabakoto
NW, Tabakoto South and Dabo zones) Measured and Indicated mineral
resources increased 72% from 3.47 g/t Au to 5.98 g/t Au
-- Average grade of the Tabakoto Deposit (including Tabakoto NE, Tabakoto
NW, Tabakoto South and Dabo zones) Inferred mineral resource increased
46% from 3.66 g/t Au to 5.33 g/t Au
-- Tabakoto Project Indicated open pit mineral resources comprise 992,000
tonnes grading 4.27 g/t Au for 136,300 ounces3
-- Tabakoto Project Inferred open pit mineral resources comprise 2,954,000
tonnes grading 3.57 g/t Au for 339,100 ounces3
-- Tabakoto Project Measured and Indicated underground mineral resources
comprise 5,014,000 tonnes grading 5.23 g/t Au for 842,700 ounces3
-- Tabakoto Project Inferred underground mineral resources comprise
6,063,000 tonnes grading 4.55 g/t Au for 887,000 ounces3