January 29, 2018

Renaissance Gold Initial Exploration Drilling at Jupiter Project, Nevada Returns 9.1 m @ 1.10 g/t Au

Renaissance Gold Inc. (“Renaissance”) is pleased to report the results of the Phase one drilling program completed by its partner, Ramelius Resources Ltd. (“Ramelius”) (ASX:RMS) at the Jupiter Project in Nye County, Nevada. (See NR dated June 21, 2017). Ramelius completed a seven-hole reverse circulation drilling program, totaling 3920 feet (1195 meters) representing a preliminary test of two target areas. Six of the seven holes were drilled in the NE Pediment Gravity Target, and one hole was drilled as a first test of the Eagle Target (Figure 1).

Drilling on the NE Pediment Gravity Target was the focus of this first program and was designed to test  the Tertiary-Paleozoic unconformity in the vicinity of a prominent NE structural trend interpreted from the  gravity data. A northwest fence of six holes was completed on this target. Significant argillic alteration  with up to 10% pyrite was observed in the Tertiary volcanic and volcaniclastic section in the the top portion  of these holes and jasperoidal silicification was consistently encountered at the Tertiary-Paleozoic  unconformity (Figure 2).  

Anomalous gold mineralization was encountered in four of the six holes, hosted in high-angle structure and

along the Tertiary-Paleozoic unconformity, with the best intercept of 9.14 meters grading 1.10 g Au/t in

hole JURC001 (Figure 2). One hole was drilled as a first pass test of the Eagle Target and did not encounter

reportable gold mineralization. A tabulation of the assay results is shown in Table 1.

Robert Felder, President and CEO states, “We are quite pleased to encounter meaningful gold intercepts in  our first drill program at Jupiter, and very much look forward to further drilling to test these and other target  areas. Our 2017 drilling programs on six, partner funded projects has been successful in identifying two  Carlin-type systems under cover at Jupiter and Spruce East that have encountered significant anomalous to  gram plus mineralization warranting follow up.” 

Quality Assurance and Quality Control 

All samples were analyzed for gold at ALS Geochemistry in Reno Nevada, an ISO 17025 Accredited lab.  Gold was analyzed by 30g fire assays on 5 foot (1.52 m) samples. Blind standards, blanks, and duplicates  were inserted into the sample chain to account for 6% of samples. Intercepts were calculated using a 0.10 g Au/t cutoff allowing up to 1.5 meters of internal dilution. Drilling is insufficient to define a true thickness  of mineralized intervals.  

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 60 exploration agreements including those  as AuEx. On May 29, 2017, the Company acquired Kinetic Gold Corp. and its subsidiaries which hold  various exploration properties located in Nevada. RenGold’s objective is to consistently place its projects  into exploration agreements, testing as many drill targets as possible and providing maximum exposure to  success through discovery.  

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 as recognized by the American Institute of Professional  Geologists (AIPG). 

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