- Production Targeted to Begin February 2009

TORONTO, ONTARIO -- (Marketwire) -- 10/09/08 -- Avion Resources Corp. (TSX VENTURE: AVR) ("Avion Resources" or the "Corporation") today announced that it has entered into an agreement to sell 50% of its interest in the Segala gold project located in Mali, West Africa to Dynamite Resources Inc. (the "Transaction"). Avion Resources will retain a 40% interest in the Segala Gold Project, with the remaining 20% interest held by the Government of Mali. Avion Resources also holds an 80% interest in the neighbouring Tabakoto gold project and its related mining infrastructure and processing facilities.

In consideration for acquiring a 40% interest in Segala, Dynamite Resources Inc. ("Dynamite"), a Canadian junior mining company, has agreed to pay US$5 million. This amount is to be provided to Avion Resources as a short-term loan. Upon satisfaction of certain conditions precedent, the principal amount of the loan shall be applied as the purchase price for the Transaction. Conditions precedent to the closing of the Transaction include the receipt of all necessary third party approvals, including approval of the TSX Venture Exchange and the Government of Mali, as required.

John Begeman, Avion Resources' President and CEO, commented, "During these difficult times in the market, we feel that Segala represents an exciting opportunity for near-term gold production. By selling an interest in Segala we are able to obtain a significant portion of the funding that will be required to commence mining operations in Mali. With funding now available to develop the property, we can focus on development and putting this property into production by the targeted date of February 2009."

Details of the Purchase and Sale

Avion Resources shall be entitled to re-purchase from Dynamite a 20% interest in the Segala property (the "Back-in Right"), so that it holds an aggregate 60% interest in the property, in consideration for a cash payment equal to: (i) US$10 million, and (ii) an amount equal to the revenue realized by the Corporation in respect of the sale of the first 22,000 ounces of gold produced from Segala, less any and all amounts paid by Avion Resources to Dynamite in respect of such sales, and less all direct expenditures and costs incurred in respect of the Gold produced at Segala. The Back-in Right shall be exercisable at any time during the 90-day period that commences on the production of 22,000 ounces on account of Dynamite, provided that it shall expire on March 31, 2010.

The Corporation and Dynamite have agreed to enter into a Joint Venture in respect of the Segala project that shall commence on the exercise or expiry of the Back-in Right. Avion Resources shall have the right to drag-along Dynamite in the event of any change of control affecting the property and Dynamite shall hold a right of first refusal in respect of any sale of an interest held by the Corporation in the Segala and/or Tabakoto properties.

Dynamite has agreed to provide the Corporation with a US$5 million loan.