Republic Gold Limited (ASX:RAU) Amayapampa Gold Project Debt Financing Update

Brisbane, May 5, 2010 AEST (ABN Newswire) - Republic Gold Limited (ASX:RAU) today report on the Company's progress on advancing debt financing for a portion of the developments costs for its Amayapampa Gold Project ("Amayapampa" or the "Project") located in Bolivia. The Company is in the process of finalising a comprehensive financial plan to fully fund the costs of bringing the project into production.

As an initial step in the process of securing debt financing for the Project, the Company is advancing discussions and has now signed Confidentiality and Non-Disclosure Agreements with several global financial institutions. Republic is completing the Bankable Feasibility Study for the Project, expected to be finished in mid-2010, and has begun the process to define and document its social license with local stakeholders in the Project from the communities in the contiguous area of interest potentially impacted by the Project.

The Company has also commenced discussions with both private and multilateral carriers on political risk insurance coverage for debt financing for the Project.

Contact

John Kelly Managing Director Republic Gold Limited Tel: +61-7-4092-2594 Mob: +61-418-577-759