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Avion holds 80% of the Tabakoto and Segala gold projects in Mali. Gold production commenced at these projects in 2009 with approximately 51,290 ounces produced. 2010 production was 87,630 ounces of gold.

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Message: Completes Acquisition of Dynamite Resources

Completes Acquisition of Dynamite Resources

posted on May 06, 2009 09:36AM
May 6, 2009
Avion Resources Completes Acquisition of Dynamite Resources
TORONTO, ONTARIO--(Marketwire - May 6, 2009) -

NOT FOR RELEASE IN THE UNITED STATES OR TO U.S. NEWS WIRE SERVICES

Avion Resources Corp. (TSX VENTURE:AVR) ("Avion") and Dynamite Resources Ltd. (TSX VENTURE:DNR) ("Dynamite"), are pleased to announce that they have completed the previously announced acquisition (See Press Release Dated March 19, 2009), whereby Avion has acquired, by way of a plan of arrangement, all of the issued and outstanding common shares of Dynamite at an exchange ratio of 0.75 Avion common shares for each Dynamite common share (the "Arrangement"). The Arrangement was approved by the disinterested shareholders of Dynamite on April 28, 2009 and received final court approval from the Ontario Court of Justice (Commercial List) on May 4, 2009.

Pursuant to the Arrangement, Avion will issue an aggregate of 85,151,250 common shares of Avion to the former shareholders of Dynamite. As at May 6, 2009, following completion of the Arrangement, there are approximately 198,416,259 issued and outstanding common shares of Avion.

In conjunction with the Arrangement, Dynamite is also pleased to announce that it has completed its acquisition with Cash Minerals Ltd. ("Cash Minerals"), whereby Cash Minerals has acquired a 100% interest in Dynamite's Mike Lake property located in the Dawson Mining District of Yukon (the "Mike Lake Property) and has acquired Tau Mining Limited (UK) ("Tau"), which indirectly holds the Kokomeren, Barskaun, Arabelsu and Moldatu mining licences in the Kyrgyz Republic. In consideration thereof, Cash Minerals has issued 22,750,000 common shares of Cash Minerals (the "Cash Shares") and 11,375,000 common share purchase warrants of Cash Minerals (each a "Cash Warrant") to Dynamite (the Cash Shares and Cash Warrants collectively referred to as the "Cash Securities"). Each Cash Warrant shall entitle the holder thereof to acquire one Cash Share at an exercise price of $0.10 up to May 5, 2011. The Cash Securities will be distributed to the Dynamite shareholders as at close of business on May 5, 2009, on a pro rata basis as part of the Arrangement with Avion.

The Arrangement constituted a non-arm's length transaction for the purposes of the TSX Venture Exchange as Avion and Dynamite had one director in common, being Stan Bharti, and one officer in common, being Patrick Gleeson. Upon closing of the Arrangement, Mr. Gleeson has resigned as Corporate Secretary of Dynamite and Avion and Ms. Brianna Davies has been appointed Corporate Secretary of the combined company. In addition, Avion is pleased to announce that it has appointed both Lewis MacKenzie and Gerald McCarvill, former directors of Dynamite, to the Avion board of directors.

About Avion

Avion 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 approximately 66,000 ounces of production forecast for 2009 with an expected cash cost of US$505 per ounce of gold. Avion has a highly skilled management team, with a focus on growth and consolidation within West Africa.

Additional information about Avion and its properties is available on its website at www.avionresources.com.
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