Wildcat Property Signed With Newmont 

VANCOUVER, BC - Renaissance Gold Inc. reported the signing of a new exploration earn-in agreement with Newmont Mining Corporation on the Company's Wildcat gold exploration property located approximately 35 miles northwest of the city of Delta in Juab County, Utah. The Wildcat property is owned 100% by the Company and was acquired by staking as a result of the Company's ongoing generative program.

Under the terms of the agreement, Newmont has the right to earn a 70% interest in the Wildcat property by expending a minimum of US$4,100,000 and completing a bankable feasibility study within 7 years of signing the agreement. Newmont also has the election to extend the date by which the study must be completed by expending US$1,000,000 and paying RenGold US$100,000 per year until the study is completed or the option agreement is terminated. Newmont paid RenGold US$10,000 on signing and is obligated to expend US$100,000 during the first year of the agreement. If Newmont elects to terminate its interest without vesting but has expended US$4,100,000 it shall be entitled to a 3% NSR. Newmont will be operator of the project. The Wildcat property contains a Carlin-like, sediment hosted epithermal gold system where surface geochemical evaluation by RenGold has returned numerous samples with anomalous gold and pathfinder element values over a broad area. Drilling was conducted on the property by Gold Fields Mining Corp. in the 1980's and although limited, returned anomalous values in gold supporting further exploration. The former producing Drum gold heap leach mine operated by Western States Minerals Corp. is located approximately 8 miles southeast of the Wildcat property.