Wood Hills South Drilling Results

RENO, NV - Renaissance Gold Inc. reported drill results from a 2013 drill program at the Wood Hills South exploration project, eastern Elko County, Nevada. The drilling program was operated and funded by NuLegacy Gold Corporation, in the third year of an earn-in agreement. The Wood Hills Project is located 13 km southwest of and, apparently, on-trend with the West Pequop and Long Canyon gold deposits.

Richard Bedell President and CEO said, NuLegacy has terminated the earn-in agreement to conserve its cash and focus its activities elsewhere. RenGold is assembling all the data generated during the three field seasons into a 3D model to define another round of drilling to attract a replacement funding partner. Hole WHS13-021 intersected 75 feet of coherent anomalous gold, arsenic and antimony. This is a large volume of mineralized rock when combined with the other holes and we look forward to defining the next round of drilling.

Drilling in 2011 and 2012 consisted of 20 reverse circulation holes to test geophysical and soil geochemical anomalies, several of which intersected anomalous gold, the most significant of which was hole WHS11-007 which contained 10.7 meters of 0.40 g/t Au. A subsequent microgravity survey defined several gravity lows suggesting areas of broken carbonate that might be similar in nature to those that hosted the large volumes of higher grade gold mineralization in the Long Canyon gold deposit. Hole WHS11-007 is located on the margin of one of the gravity anomalies.

Five reverse circulation angle holes were drilled in 2013 totalling 4,020 feet. The holes were designed to test three gravity lows including one near WHS11-007. The holes intersected considerable thicknesses of anomalous gold and trace elements. All five holes encountered intensely fractured and brecciated carbonate in the areas of the gravity lows, confirming the geophysical interpretation.

Holes WHS13-021 and 022 demonstrate lateral continuity, albeit at lower grades, with the intercept in WHS11-007 in altered carbonates immediately above a felsic intrusive. The other three holes did not encounter significant gold mineralization.

Reverse circulation drilling on the Wood Hills Project was conducted by Envirotech Drilling LLC of Winnemucca, NV under the direction and supervision of NuLegacy Gold's COO, Dr. Roger Steininger. All of the drill hole samples were analyzed by American Assay Labs. of Sparks, NV for gold and a suite of 36 trace elements. Sufficient commercially prepared standards, blanks, and duplicates were inserted to assure quality analytical results. Data verification of the analytical results included a statistical analysis of the duplicates, standards and blanks that must pass certain parameters for acceptance to ensure accurate and verifiable results.