Renaissance Gold Signs Nevada Exploration Agreement

WHITE ROCK, BC - Renaissance Gold Inc. has signed an exploration alliance agreement with Callinan Royalties Corporation. The purpose of the Agreement is to fund prospect generation activities in order for RenGold to attract joint venture partners to projects, while allowing Callinan to generate and acquire royalties.

The initial geographic focus will be southern Nevada but may expand to other jurisdictions. The Agreement will be for an initial three year term and calls for Callinan to fund $150,000 of generative exploration during the first year of the Agreement with the option to fund up to $100,000 in each of the two subsequent years.

In return for such funding, RenGold will grant Callinan the option to receive a 0.5% Net Smelter Returns ("NSR") royalty on any new projects acquired as a result of the generative exploration work. Alternatively, Callinan has the option of funding an additional $150,000 on any of the new projects in exchange for a 1.5% NSR royalty.

Renaissance Gold Inc. is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada, Utah, Argentina and Spain. Many of the projects are in exploration earn-in agreements with industry partners who provide exploration funding.