MATERIAL CHANGE REPORT
Gammon Gold Inc.
1701 Hollis Street
Halifax, Nova Scotia, B3J 3M8
June 18, 2010
The press release attached as Schedule A was released over Canada NewsWire on June 18, 2010.
Gammon Gold Completes Strategic Option Agreement with Valdez Gold Inc. for the Los Jarros Properties in the
Ocampo-Pinos Altos Region
Gammon Gold Inc. announces that it has executed a binding Letter of Intent that will give Gammon the option to
acquire the 43,229 hectare block of mineral concessions called the “Los Jarros” Properties from Valdez Gold
Inc. Under the terms defined in the Letter of Intent, Gammon will have the option to purchase a 100% interest in
the properties, through a series of successive payments within 48 months of the date of the agreement.
The claims are contiguous to the Ocampo land package on the north and east, surround the Pinos Altos
properties of Agnico-Eagle Mines Ltd., and cover regional structural extensions of the Concheňo properties of
Frisco Mining. Past work by Valdez Gold Inc. has identified a high-sulfidation epithermal gold prospect in the
southern portion of the properties as well, between the Candameňa gold-silver district, and the Orisyvo project
of Fresnillo PLC. The Ocampo properties of Gammon cover approximately 11,262 hectares, and the recent
addition of option contracts on the Venus properties (4,491 hectares), and the Los Jarros properties (43,229
hectares), brings Gammon’s mineral holdings in this highly competitive camp to approximately 58,982 hectares.
“This option is another step for our Company in building a significant land package in one of the most exciting and
competitive districts in Mexico. Our options of the Venus and Los Jarros properties have quadrupled our land
holdings to a dominant position in a district that we know well, and we plan to begin basic exploration of the Los
Jarros properties as soon as the definitive exploration agreement is in place. We continue to work to identify