Laurel Hill Congratulates Gammon Gold Inc. on Their Acquisition of Capital Gold Corporation

TORONTO, ONTARIO and VANCOUVER, BRITISH COLUMBIA and NEW YORK CITY, NEW YORK--(Marketwire - April 18, 2011) - The Laurel Hill Advisory Group ("Laurel Hill") congratulates Gammon Gold Inc. ("Gammon") on completing their acquisition of Capital Gold Corporation ("Capital Gold"). Capital Gold shareholders voted to approve the transaction at a shareholder meeting held on April 1^st. More than 83 percent of Capital Gold shareholders participated with close to two thirds voting in favour of the transaction.

Rene Marion, President and CEO stated, "We are pleased that Capital Gold shareholders accepted our compelling offer. Along with our other advisors, Laurel Hill's cross border expertise and execution helped us successfully complete this transaction."

"We appreciated working with the entire Gammon team along with their financial and legal advisors. We were able to clearly communicate the benefits of the Gammon offer to the Capital Gold shareholders, and commend Gammon's senior management for all their efforts to complete this acquisition." said Brad Allen, Laurel Hill Senior Vice President.

Added Laurel Hill Senior Vice President, John O'Grady "What began as a friendly transaction ended up being much more challenging when a third party intervened. With a Canadian based acquirer of a U.S. based company, the success of this transaction reinforces the value of our North American capabilities."

About The Laurel Hill Advisory Group

The Laurel Hill Advisory Group is North America's only independent, cross border proxy solicitation firm. Independence means we focus solely on your interests, and are not subject to the conflicts that can arise within other proxy firms having a transfer agent ownership. Cross border operations allows us to effectively reach shareholders regardless of their location - Canada, US and globally. Our team's experience has resulted in Canada's best proxy contest win record for the past 3 years, and on both sides of the border we are regularly engaged on high profile, complex and contentious situations involving M&A, restructuring, and corporate governance issues. We focus on providing accurate, actionable intelligence. Combining this with tactical expertise and efficient execution consistently produces industry leading results.