Renaissance Reports Drilling Results Spruce Mountain

WHITE ROCK, BC - Renaissance Gold Inc. reported drill results from its 2012 drill program at the Spruce Mountain exploration project, eastern Elko County, Nevada. The drilling program at Spruce Mountain was funded by Summit Mining Exploration, Inc., a US subsidiary of Sumitomo Corporation in the second year of an earn-in agreement.

A robust intercept in RSM-22 of 189.5 feet of 0.06% Mo offsets and validates historical drill results in the Sprucemont area and presents several possibilities for additional drill targets. In addition, the 2012 drilling intersected intervals of Carlin-style alteration and chemistry in carbonate host rocks located northwest of Sprucemont. Several targets remain for further consideration and work is in progress to assess the merits of the recognized targets and to develop a drilling program for 2013.

RenGold completed thirteen drill holes totaling 15,057 feet of drilling at Spruce Mountain in late 2012. The drilling program included 3,105 feet of mud rotary, 5,087 feet of core, and 6,865 feet of reverse circulation drilling. Drilling tested multiple targets including 8 holes in 3 zones along a 4.5 mile fault-controlled intrusive corridor striking northeastward from the town site of Sprucemont at the range front. An additional 5 holes were drilled in an area of peripheral Ag-Pb-Zn and Carlin-style Au mineralization northwest of the intrusive corridor. These holes tested extensions of targets detected with an 11 hole reverse circulation drilling program in 2011. The drilling intercepted multiple intrusions associated with base and precious metal mineralization under alluvial cover expanding the known extent of the intrusive systems along the range front. Core hole RSM-22, collared northeast of Sprucemont, intersected porphyry-style molybdenum mineralization including 189.5 feet of 0.06% Mo from 329.5-519 feet. Other holes drilled northwest of the porphyry intercepted multiple intervals of highly anomalous polymetallic mineralization including, in RSM-15, 25 feet of 20 g/t Ag and 0.23% Cu from 1050 to 1075 feet within a 195 foot interval of 0.28% Zn. RSM-24 intersected an outlying part of the Mo system shallow in the hole and, at greater depth, a part of the gold system, seen nearby in 2011 drilling by RenGold and in historic drilling.

Richard Bedell President and CEO of RenGold comments: "The Spruce Mountain Project is a complex multi-phase system with different ages and the drill results are encouraging, particularly RSM-22 with 189.5 feet of 0.06 Mo%. The nearby Mount Hope porphyry molybdenum deposit has similar grades and this hole would certainly fall into an open pit at Mount Hope. Importantly recent zircon age dates define this porphyry as Eocene in age, the same as Mount Hope. We are looking forward to another season of drilling to advance this property."

Inspectorate America Corporation in Sparks, Nevada performed gold analyses by fire assay and ICP analysis for 50 additional elements utilizing a 4 acid digestion. All drill samples were collected following standard industry practice. Molybdenum intercepts were rerun and verified by ALS Minerals in Vancouver. QA/QC included the insertion of numerous standards and blanks into the sample stream.