May 29, 2019

Renaissance Gold receives US$300,000 payment from AngloGold Ashanti to maintain option for 100% earn-in on Silicon project

Renaissance Gold Inc. TSX.V:REN (“RenGold” or the “Company”) is pleased to announce that AngloGold  Ashanti NA (“AngloGold”) has elected to maintain its 100% earn-in option on the Silicon project for the  third year and has made the second anniversary payment of US$300,000 to the Company. AngloGold reported in their 2H 2018 report that they commenced their planned 17,000m, Phase 2 drill program in late 2018 with one RC and one core rig. On a recent visit to the project, RenGold personnel observed that they  have conducted drilling over a strike length of more than 3 kilometers along the Silicon-Thompson  structural corridor. AngloGold has also reported multiple induced polarization (IP) geophysical surveys over the project, being used along with surface mapping to delineate additional targets within the Silicon  claim block. The area of current drilling focus is one of several target areas recognized by RenGold during its early target generation efforts in this area. 

Robert Felder, President and CEO states, “We are very pleased to receive the notification and payment  from AngloGold indicating that they plan to continue into the third and final year of the agreement. Based  on the observed amount of drilling they have completed, and the recent comments by AngloGold’s CEO,  we think it is safe to say they are significantly encouraged by the results generated to date.” 

AngloGold entered into an agreement with RenGold in 2017, whereby it has the option to acquire a 100%  interest in the project by paying RenGold US$3,000,000 by June 21, 2020 of which AngloGold has now  paid US$600,000. If AngloGold completes the payments and exercises the purchase option, RenGold  would retain a 1% net smelter return royalty on future production from the project. (see NRs dated June 30,  2017, May 1, 2018 and March 27, 2019). 

Silicon is located in the Bare Mountain mining district, Nye County, Nevada. The Silicon property is  comprised of 277 unpatented mining claims owned by RenGold and an additional 271 unpatented mining  claims located by AngloGold within the agreement’s project area of interest, totaling 548 claims and  approximately 10,960 acres (4,436 hectares). 

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 70 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.  

About AngloGold Ashanti 

AngloGold Ashanti Limited (JSE:ANG; NYSE:AU; ASX:AGG) is a global gold mining company. It was  formed in 2004 by the merger of AngloGold and the Ashanti Goldfields Corporation. AngloGold Ashanti  Limited is now a global gold producer with 14 operations in nine countries. 

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). 

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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