Exploration Results At Wood Hills South Project

WHITE ROCK, BC - Renaissance Gold Inc. has received results from Newmont USA Limited (Newmont) on the Wood Hills South Project in the evolving Pequop Gold District, Elko County, Nevada.

In 2014, Newmont collected 392 grid soils over shallow pediment, did detailed pediment morphology mapping and ran 13 line kms of CSAMT. With remaining funds, Newmont drilled 5 RC holes totaling 990 meters (3,247 feet). No reportable intercepts were encountered in this preliminary round of drilling.

The Wood Hills South Project was an unbudgeted item and was run from money re-allocated from other projects. Newmont has elected to decline further exploration and the property is available for joint venture unencumbered by previous partners.

Based on prior work, RenGold has demonstrated that the Pequop gold district likely extends into the southeast edge of the Wood Hills South gold project. As announced, February 6th, 2012, Hole WHS11-007 intersected an oxidized 10.7 meter (35 feet) interval from 83.8 to 94.5 meters down hole that averaged 0.40 g/t (0.013 opt) gold within an approximately 60 meters (197 feet) zone of anomalous Carlin-style pathfinder elements and gold. The project area covers a magnetically indicated northeast trending dike swarm similar in orientation to a dike swarm in the Pequops that appears associated with Carlin-type mineralization. This mineralization occurred prior to the basin and range extension that pulled the Wood Hills and the Pequops apart.

Richard Bedell, President and CEO of RenGold, comments: We look forward to quickly getting Wood Hills South into another agreement as there are still quality targets left to test. This is a large 8,896 hectare (14,842.5 acre) property and it is going to take more than a handful of drill holes to be effective. Importantly, the NE trending magnetic anomaly associated with mineralization in the Pequops remains untested.

Renaissance also reported the execution of an earn-in agreement (the Agreement) with Walmer Capital Corp. on the Golden Shears Project in Clark County, Nevada. The project is located 45 km (28 miles) southwest of Las Vegas, Nevada in the Goodsprings Mining District.

Upon execution of the Agreement, Walmer will pay RenGold US$50,000, reimburse claim fees for the past year and fund an exploration and development program to be conducted initially by RenGold. Minimum work commitments on an annual basis are US$200K for year 1, US$300K for year 2, US$400K for year 3, and US$500K annually thereafter to year 7. Walmer and RenGold plan to work together to complete a Bankable Feasibility Study on or before the seventh anniversary of the execution of the Agreement, in which case Walmer will have the option to acquire a 70% interest in the project.

The Golden Shears Project is a series of precious and base metal rich occurrences on the east side of the Goodsprings District, partially hosted in a shear zone and related to a string of shallow intrusions mostly interpreted through recent ground geophysics and mapping completed by RenGold. This zone is > 2.5 km (1.5 miles) in strike length. Sampling by RenGold on the property has yielded assays from below detection up to 5.1 % Zn, 2.62 % Pb, 4.3 % Cu, 937 ppm Ag, and 14.3 ppm Au.

The Goodsprings Mining District is unusual for Nevada in that it includes Zn and Pb Mississippi Valley-type deposits, Cu sometimes associated with precious metals and platinum group elements, gold and silver deposits associated with late (Triassic) porphyritic dikes.

Richard Bedell, President and CEO of RenGold, comments: This is a great target as it contains high grades of precious and base metal mineralization in a zone with significant strike length. In addition, the targets are shallow and should allow extensive testing at relatively low cost.