Gammon Gold to Release Second Quarter Financial Results on August 10, 2010

HALIFAX, Canada, July 23, 2010 - Gammon Gold Inc. ("Gammon") (TSX:GAM and NYSE:GRS): is pleased to
announce that the Company's quarterly financial results for the three and
six month periods ended June 30, 2010 will be released before the market
opens on Tuesday, August 10, 2010. The financial statements and related
Management's Discussion and Analysis 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 Tuesday, August 10, 2010
starting at 10:00 am Eastern Time (11:00 am Atlantic Time). Senior management
will be on hand to discuss the results.

    Second Quarter 2010 Conference Call
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    Conference Call Access:
    - Toll Free: 1-888-231-8191

    When the Operator answers please ask to be placed into the Gammon Gold
Second Quarter 2010 Results Conference Call.

    Archive Call Access:

    If you are unable to attend the conference call, a replay will be
available until midnight August 17, 2010 by dialing the appropriate number
below:

    - Local Toronto Participants: 1-416-849-0833     Passcode: 84971221
    - North America Toll Free: 1-800-642-1687        Passcode: 84971221

    Second Quarter 2010 Webcast
    -----------------------------------------------------------------------

Live Webcast:

The event will be broadcast live on the internet via webcast. To access
the webcast please follow the link provided below:

www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3131700

Archive Webcast:

The webcast will be archived for 90 days by following the link provided
below:

www.newswire.ca/en/webcast/viewEvent.cgi?eventID=3131700 or
via the Company's website at www.gammongold.com.

About Gammon Gold

Gammon Gold Inc. is a mid-tier gold and silver producer with properties
in Mexico. The Company's flagship Ocampo Project in Chihuahua State achieved
commercial production in January 2007. Gammon Gold also owns the El Cubo mine
in Guanajuato State and has the promising Guadalupe y Calvo development
property in Chihuahua State. The Company recently completed option purchase
agreements to acquire the Mezquite Project in Zacatecas State, Mexico and the
Venus Project located north of the Ocampo mine in Chihuahua State, Mexico. It
also has recently signed a Letter of Intent to acquire the Los Jarros Project
in Chihuahua State, Mexico. Since 2008, the Company has significantly
increased its land position by over 59% and has made strategic investments in
Golden Queen Mining Co. Ltd. and Corex Gold Corporation. The Company is based
in Halifax, Nova Scotia with an Executive Office in Toronto, Ontario.

For further information: please visit the Gammon Gold website at
www.gammongold.com or contact: Scott Perry, Chief Financial Officer,
Gammon Gold Inc., +1-416-646-3825; Anne Day, Director of Investor Relations,
Gammon Gold Inc., +1-902-468-0614

For further information: please visit the Gammon Gold website at www.gammongold.com or contact: Scott Perry, Chief Financial Officer, Gammon Gold Inc., +1-416-646-3825; Anne Day, Director of Investor Relations, Gammon Gold Inc., +1-902-468-0614