Release of Gammon Gold Quarterly Results Moved Forward to March 23, 2011 with Conference Call and Webcast on March 24, 2011

TORONTO, March 21, 2011 - Gammon Gold Inc. ("Gammon Gold") (TSX: GAM)
(NYSE: GRS) advises that the Company's audited year-end financial results for
the period ended December 31, 2010 has been rescheduled to an earlier date
and will be released before the market open on Wednesday, March 23, 2011. 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 Thursday, March 24, 2011
starting at 10:00 am Eastern Time. Senior management will be on hand to
discuss the results.

    Conference Call Access:
    -----------------------
        -  Canada & US Toll Free:        1-(888) 231-8191
        -  International & Toronto:      1-(647) 427-7450

When the Operator answers please ask to be placed into the Gammon Gold
Fourth Quarter and Year End 2010 Results Conference Call.

Archive Call Access:

——————–

If you are unable to attend the conference call, a replay will be
available until midnight, March 31, 2011 by dialing the appropriate number
below:

     -  Local Toronto Participants: 1-416-849-0833  Passcode:
                                                    (number sign) 40954049
     -  North America Toll Free: 1-800-642-1687     Passcode:
                                                    (number sign) 40954049

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

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

www.newswire.ca/en/webcast/viewEvent.cgi?eventID(equal
sign)3390640 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. Gammon's flagship Ocampo Property is located in Chihuahua State.
Gammon also owns the El Cubo mine in Guanajuato State and the Guadalupe y
Calvo development property in Chihuahua State. In 2010 Gammon completed
option purchase agreements to acquire the Los Jarros and Venus Projects
located directly north and east of the Ocampo mine, the Mezquite Project in
Zacatecas State, and has signed a binding Letter of Intent to joint venture
into the La Bandera gold project in Durango State. The Company has made
strategic investments in Golden Queen Mining Co. Ltd. and Corex Gold
Corporation. The Company's Executive Office is located 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., +1-416-646-3825

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., +1-416-646-3825