July 24, 2018

Follow-up Drilling Program Begins on Renaissance Gold’s Spruce East Project

Renaissance Gold Inc. TSX.V:REN (“RenGold” or the “Company”) is pleased to announce the commencement of follow-up drilling on its Spruce East Project, Elko County, Nevada. The project is subject to an earn-in agreement with Kinross Gold U.S.A., Inc. (”Kinross”) (see NR dated May 15, 2017). 

Robert Felder, President and CEO states, “We are very pleased to have Kinross returning for a second round  of drilling following last year’s encouraging results on the Cicada target, and also to be testing additional  targets at Spruce East for the first time. This is the first of three partner funded, follow-up drill programs  planned on the Company’s projects this year and each of these are following up encouraging Phase 1 drill  results. All are high quality targets that represent significant discovery opportunities for the Company and  its shareholders.” 

In 2017, Kinross funded a 5-hole, 1215m (3985 ft) reverse circulation drilling program designed to test the  Cicada and Scorpion target areas (Figure 1). The drilling on the Cicada Target encountered anomalous gold  mineralization and Carlin-suite geochemistry and extended the strike length of this gold bearing structure  to 960 m (3150 ft) (see NR dated October 26, 2017). The system remains open and will be further tested  as part of the current follow-up drilling program, which will consist of approximately 2134m (7000 ft) of  RC drilling in up to ten holes, and will also include the first tests of two other target areas, shown in Figures 

1 and 2 and described below. 

Cicada Target 

The Cicada target contains gold in a fault zone cutting the Pequop limestone and Rib Hill  sandstones. Surface sampling and drilling has defined a mineralized strike length of 960 m which  remains open in both directions under post-mineral cover. All drill holes in this target area completed to  date have anomalous Au and Carlin-type pathfinder elements including 9 meters of 0.31 g/t Au in hole  SE17-04. That hole bottomed in 0.52 g/t Au in decalcified calcareous sandstone with increasing Au  values with depth. The current follow-up drilling program will complete a fence across the Cicada fault  zone targeting a potential upthrown block to the northwest as well as testing for a higher grade  stratigraphic control on mineralization.  

Beetle Target 

The Beetle target contains up to 1.5 g/t Au in rocks near a series of northwest trending rhyolite dikes  coincident with the axis of a regional north trending antiform. Carbonate matrix conglomerates within the  Riepe Spring limestone, similar to those that host Gold Standard Ventures’ (TSX:GSV) Dark Star deposit on the Carlin Trend, crop out on the south end of the project where they are pervasively silicified and  elevated in Au and Carlin-type pathfinder elements. A sequence of northeast trending normal faults 

progressively drop this prospective stratigraphy down to the northwest throughout the project  area. Alteration, including decalcification and silicification, occurs along these structures as well as along  sandy/silty beds in the overlying Rib Hill and Pequop formations. Drilling on the Beetle target will test  multiple zones of the antiform axis adjacent to structural intersections for Carlin-type mineralization with  anomalous Au-As-Sb in rocks and soils. Drillholes will target the lower conglomerate stratigraphy on the  south and carbonate matrix sandstones on the north. 

Tick Target 

The Tick target contains anomalous Au in soils (up to 0.046 g/t Au) and rocks (up to 1 g/t Au) adjacent to  a collapsed adit in decalcified limestone breccia in a recessive weathering zone with no  outcrop. Abundant jasperoid ribs occur in the vicinity with elevated Au and Carlin-suite pathfinder  elements in limestone interpreted to be the lowermost Pequop formation. Beds dip gently west into a  large magnitude offset normal fault (the Banner Hill fault) which may serve as a fluid conduit for  mineralization. Drilling will target sandy carbonates in the Rib Hill sandstone and potentially  conglomeratic units in the upper Riepe Spring limestone below the surface gold occurrence. 

Figure 1: Geologic map of the Spruce East project area, showing location of targets

Figure 2: Schematic diagram of targets in cross-sectional view,  

looking northwest

Qualified Person 

All technical data disclosed in this press release has been verified by RenGold’s Qualified Person, Robert  Felder, M.Sc. and Certified Professional Geologist (CPG #11012) as recognized by the American  Institute of Professional Geologists (AIPG). 

About Renaissance Gold Inc. 

Renaissance Gold Inc. is a western US focused prospect generator utilizing a joint venture business model.  RenGold applies the extensive exploration experience and high-end technical skills of its founders and team  members to search for and acquire high quality precious metal exploration projects that are then offered for  joint venture to industry partners who provide exploration funding. RenGold maintains a large portfolio of  gold and silver exploration properties and has entered into over 65 exploration agreements including those  as its predecessor, AuEx Ventures Inc. and those from Kinetic Gold. RenGold’s objective is to place its  projects into exploration agreements, testing as many drill targets as possible and providing maximum  exposure to success through discovery.  

By: Robert Felder, President & CEO 

For further information, contact: 

Robert Felder 775-337-1545 or  

Ronald Parratt 775-337-1545 or  

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the  policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

This news release contains certain statements that may be deemed “forward-looking” statements. Forward  looking statements are statements that are not historical facts and are generally, but not always, identified  by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”,  “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or  “should” occur. Although Renaissance Gold Inc. believes the expectations expressed in such forward 

looking statements are based on reasonable assumptions, such statements are not guarantees of future  performance and actual results may differ materially from those in forward looking statements. Forward  looking statements are based on the beliefs, estimates and opinions of Renaissance Gold Inc’s management  on the date the statements are made. Except as required by law, Renaissance Gold Inc. undertakes no  obligation to update these forward-looking statements in the event that management’s beliefs, estimates or  opinions, or other factors, should change.

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