Gammon Gold to Release First Quarter 2008 Financial Results May 7, 2008

HALIFAX, May 1 /CNW/ - Gammon Gold Inc. ("Gammon Gold") (TSX:GAM and AMEX:GRS) is pleased to announce that the Company's quarterly financial results for the three month period ended March 31, 2008 will be released before the market opens on Wednesday, May 7, 2008. The financial statements will be available on the Company's website at www.gammongold.com or www.sedar.com.

A webcast and conference call will be held on Wednesday, May 7, 2008 starting at 10:00 am Eastern Time (11:00 am Atlantic Time). Senior management will be on hand to discuss the results.

    
    Conference Call Access:
    -----------------------

    - Local Toronto Participants: 1-416-646-3097
    - North America Toll Free: 1-800-814-3911
    - Outside North America: 1-416-646-3097

    When the Operator answers please ask to be placed into the Gammon Gold
First Quarter Results Conference Call.

    Live Webcast:
    -------------

    The event will be broadcast live on the internet via webcast. To access
the webcast please follow the link provided below:
http://w.on24.com/r.htm?e=109226&s=1&k=1E4948853CF2FAA082504FA5ADA02D1F

    Archive Call Access:
    --------------------

    If you are unable to attend the conference call, a replay will be
available until midnight, Tuesday November 20th by dialing the appropriate
number below:

    - Local Toronto Participants: 1-416-640-1917
      Passcode: 21271078#.
    - North America Toll Free: 1-877-289-8525
      Passcode: 21271078#.
    - Outside North America: 1-416-640-1917
      Passcode: 21271078#.

    Archive Webcast:
    ----------------

    The webcast will be archived for 365-days by following the link provided
below: http://w.on24.com/r.htm?e=109226&s=1&k=1E4948853CF2FAA082504FA5ADA02D1F
or via the Company's website at www.gammongold.com.

                             Cautionary Statement

    Cautionary Note to US Investors - The United State Securities and Exchange
Commission permits US mining companies, in their filings with the SEC, to
disclose only those mineral deposits that a company can economically and
legally extract or produce. This press release uses certain terms, such as
"measured," "indicated," and "inferred" "resources," that the SEC guidelines
strictly prohibit US registered companies from including in their filings with
the SEC. US Investors are urged to consider closely the disclosure in Gammon
Gold's Annual Report on Form 40-F (File No. 001-31739), which may be secured
from Gammon Gold, or from the SEC's website at http://www.sec.gov/edgar.shtml.
    No stock exchange, securities commission or other regulatory authority has
approved or disapproved the information contained herein. This News Release
includes certain "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 and "forward-looking
information" within the meaning of applicable Canadian legislation. All
statements other than statements of historical fact, included in this release,
including, without limitation, statements regarding potential mineralization
and reserves, exploration results, and future plans and objectives of Gammon
Gold, are forward-looking statements (or forward-looking information) that
involve various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from Gammon
Gold's expectations include, among others, risks related to international
operations, the actual results of current exploration activities, conclusions
of economic evaluations and changes in project parameters as plans continue to
be refined as well as future prices of gold and silver, as well as those
factors discussed in the section entitled "Risk Factors" in Gammon Gold's Form
40-F and Annual Information Form as filed with the United States Securities
and Exchange Commission. Although Gammon Gold has attempted to identify
important factors that could cause actual results to differ materially, there
may be other factors that cause results not to be as anticipated, estimated or
intended.
    There can be no assurance that such statements will prove to be accurate
as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements. Gammon Gold does not undertake to
update any forward-looking statements that are included herein, except in
accordance with applicable securities laws.
    

Contacts

please visit the Gammon Gold website at www.gammongold.com or contact: Scott Perry
Chief Financial Officer
Gammon Gold Inc.
(902) 468-0614

Anne Day
Director of Investor Relations
Gammon Gold Inc.
(902) 468-0614