Avion Gold Corporation Joins OTCQX

Friday, Feb 05, 2010

NEW YORK, Feb. 4 /PRNewswire-FirstCall/ -- Pink OTC Markets Inc. (Pink Sheets: PINK), the leading electronic inter-dealer quotation system, trading technology and financial information provider for Over-the-Counter (OTC) securities, today announced that Avion Gold Corporation (OTCQX: AVGCF, TSX.V: AVR), a Canadian-based gold company focused in West Africa, is now trading on OTCQX®.

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Trading on the highest tier of the U.S. OTC market, OTCQX companies are distinguished from the thousands of other OTC-traded companies. Several of the world's largest companies by market capitalization are currently trading on OTCQX.

"We are pleased to welcome Avion Gold Corporation to OTCQX," said R. Cromwell Coulson, President and CEO of Pink OTC Markets. "OTCQX provides Avion Gold with a visible market tier to increase U.S. investor awareness, and distinguish themselves from the thousands of other companies traded Over-the-Counter."

Avion Gold Corporation began trading today on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and real-time Level 2 quotes for the company on www.otcqx.com and www.pinksheets.com.

John Begeman, President & CEO of Avion Gold Corporation stated, "Avion is pleased with this new listing in the United States. The listing of Avion Gold on the OTCQX will streamline the opportunity for investors to participate in the growth of a company that has expansion plans and that has existing gold production."

Hodgson Russ LLP, will serve as Avion Gold's Principal American Liaison ("PAL") on OTCQX, responsible for providing guidance on listing requirements.

About Avion Gold Corporation

Avion, (TSX.V: AVR, OTCQX: AVGCF), is a Canadian-based gold company focused in West Africa. The Company holds 80% of the Tabakoto and Segala gold projects in Mali. Gold production at these projects has commenced, with Avion producing slightly over 51,000 ounces in 2009. The production forecast for 2010 is 100,000 ounces with an expected cash cost of US $450 per ounce of gold. The Company recently completed an agreement to acquire a 100% interest in the Hounde Group concessions in Burkina Faso, enabling the Company to build additional value through exploration in an area that is emerging as a significant new gold camp. Avion has a highly skilled management team, with a focus on growth and consolidation within West Africa. For more information about Avion, please visit www.aviongoldcorp.com.

About OTCQX

The OTCQX marketplace is the premier tier of the U.S. Over-the-Counter market. Investor-focused companies use the quality controlled OTCQX listing platform to offer investors transparent trading, superior information, and easy access through their regulated U.S. broker-dealers. The innovative OTCQX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. exchange. For more about OTCQX, visit www.otcqx.com.

About Pink OTC Markets Inc.

Pink OTC Markets Inc. (Pink Sheets: PINK) is a financial information and technology services company that operates the leading electronic quotation and trading system in the Over-the-Counter, or OTC, securities market. The OTCQX and Pink Sheets® marketplaces that we operate constitute, by dollar volume, the third largest U.S. liquidity pool for trading public company shares, after The NASDAQ Stock Market, Inc. and The New York Stock Exchange. Our technology platform provides a comprehensive suite of information products and trading services for OTC market participants. Our products and services promote market transparency, improve price discovery, facilitate regulatory compliance, and increase the quality of issuer disclosure, to the benefit of all OTC market participants. To learn more about how Pink OTC Markets' products and services make OTC markets more transparent, informed, and efficient, please visit our websites at www.pinkotc.com, www.pinksheets.com and www.otcqx.com or contact us at info@pinkotc.com.

Source: PR Newswire