TORONTO, ONTARIO--(Marketwire - April 23, 2010) -

NOT FOR ISSUE IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES

Avion Gold Corporation (TSX VENTURE:AVR)(OTCQX:AVGCF) ("Avion" or the "Company") announces that its $25 million bought deal financing of 35,800,000 units at a price of $0.70 per unit announced on April 16, 2010 has been terminated by the underwriters.

About Avion Gold Corporation

Avion is a Canadian-based gold mining company focused in West Africa. The Company holds 80% of the Tabakoto and Segala gold projects in Mali. Avion has a highly skilled management team, with a focus on growth and consolidation within West Africa.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FOR FURTHER INFORMATION PLEASE CONTACT:
        Avion Gold Corporation
        John Begeman
        President and Chief Executive Officer
        (416) 861-5884
        jbegeman@aviongoldcorp.com

Source: Avion Gold Corporation