[[GRS]] — Gammon Gold, Inc., formerly Gammon Gold Resources Inc., incorporated on February 25, 1986, is engaged in the exploration for, and development of gold and silver deposits in Mexico. Through its subsidiaries, the Corporation owns and operates the Ocampo gold-silver mine in Chihuahua State, Mexico, and the El Cubo gold-silver mine in Guanajuato State, Mexico, both of which produces gold and silver.

Through its subsidiaries, the Corporation also owns the Guadalupe y Calvo gold-silver exploration project in Chihuahua State, Mexico, and leases the Las Torres gold-silver mine in Guanajuato State, Mexico, which also produces gold and silver. During the year ended December 31, 2007, the Company sold 121,107 gold ounces and 5,027,983 silver ounces, or 218,200 gold equivalent ounces. As of December 31, 2007, Gammon’s total gold equivalent Reserves were 3.7 million gold equivalent ounces.