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Renaissance Gold 2014 Exploration Update

                   Renaissance Gold 2014 Exploration Update  White Rock,  British Columbia  (FSCwire) -  Renaissance Gold  Inc. (TSX:  REN)  (“RenGold”) is pleased  to summarize  its exploration plans  for the  upcoming  months of 2014.    On February  18th,  2014, RenGold  announced  an agreement  with  Newmont  USA  Limited to explore the  Wood Hills South Project,  an extension of the  Pequop  gold district  in  Elko  County,  Nevada. Data  compilation  and  modeling  of  existing drilling has been completed. Currently two crews are at work: one for CSAMT geophysics  and another  for  infill soils.  The  objective will  be  to  process the additional data and be drill ready by late summer or early fall.    On April 8th, 2014,  RenGold announced an agreement  with First Liberty  Power  Corp. ("FLPC")  on the  Arabia Project  in Pershing  County, Nevada.  FLPC  is  advancing plans towards building a mill  to treat antimony ores but also  plan  to recover the precious  and base metals from  the Arabia Project and  others.  They have announced that they expect the plant to be in production before year end. In addition, FLPC is required to spend a minimum of US$50,000 on geologic work through RenGold in the first year.    On  June  5th,  2014,  RenGold  announced  an  agreement  with  Summit  Mining  Exploration II, Inc. (“Summit II”),  a US subsidiary of Sumitomo  Corporation,  on the Fourth of July Project Pershing County, Nevada. Summit II has a minimum work commitment of US$500,000 but  US$750,000 have been allocated to  continue  geologic work and do a phase one of  drilling before the end of the year.  The  work is being conducted by RenGold.    RenGold is advancing the  Golden Shears Property in  south west Clark  County,  Nevada with Callinan  Royalties Corporation  ("Callinan") funding  for a  1.5%  royalty. RenGold has been doing significant geologic work within a 2.5 km long shear zone  with  high  grade  precious and  base  metals.  Metal  zoning  and  porphyritic dikes  suggest  a  productive shallow  porphyry  environment.  The  property is available for joint venture.    RenGold has also been conducting  further grass roots exploration in  southern  Nevada funded by  another agreement  with Callinan. A  new epithermal  project  called Silicon has been generated and  will be available for joint venture  in  the near future.    RenGold is pleased to  announce drill results from  its 2013 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. (“Summit”), a US subsidiary of Sumitomo Corporation, in the third year of an earn-in agreement. Drilling  tested three areas in  2013: the periphery  of  the Sprucemont porphyry molybdenum system (2 holes), a zone of anomalous  gold  in soils and  drilling approximately 1  km northwest of  Sprucemont (5  holes)  known internally as  the Santa Fe  target zone, and  a geophysical anomaly  in  shallow pediment 3-5 km  north along the range  front (2 holes). Although  the  recent drilling  intersected anomalous  mineralization in  the Sprucemont  and  Santa Fe target areas, Summit has determined that the drilling results are not sufficiently robust  enough to  continue funding  the exploration  efforts  at  Spruce Mountain and on June 9th,  2014 formally informed RenGold that it  will  withdraw from the venture agreement. RenGold will curtail exploration activity in 2014 and consider appropriate options for the property.    RenGold also has ongoing discussion with potential future partners on  various  projects within the Great Basin.    Richard Bedell, President and CEO of  RenGold comments: “We are very happy  to  have done so  many new  agreements in  the last 6  months. This  will keep  us  focused on the Great Basin  USA and keep our team  funded. This will keep  the  burn rate low, cash in  the bank, and the  potential to have meaningful  drill  results on a  variety of  projects. Clearly we  have the  projects to  attract  major companies, even in a weak market.  We have working capital for two  more  years with no  debt and a  tight 33.5 million  fully diluted share  structure.  These are enviable  business metrics  but we  cannot grow  share holder  value  without quality drill holes. We are well poised to do so."    Qualified Person    All data disclosed in this  press release, including sampling, analytical  and  test data, have been  reviewed by the Company’s  qualified person Mr. Eric  M.  Struhsacker, M.Sc., and Certified Professional Geologist as recognized by  the  American Institute of Professional Geologists.    About Renaissance Gold Inc.    Renaissance Gold Inc. is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. Many of the projects are in exploration earn-in agreements with industry partners who provide exploration funding. RenGold applies the extensive exploration experience and high-end technical skills of its founders and team members to search for and acquire new precious metal exploration projects that are then offered for joint venture.    Renaissance Gold Inc.    By: Richard L. Bedell, President and CEO  For further information, contact:  Richard L. Bedell, 775-337-1545 or or Eric Struhsacker, 775-337-1545 or     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.  To view this press release as a PDF file, click onto the following link: public://news_release_pdf/renaissance06162014.pdf  Source: Renaissance Gold Inc. (TSX:REN)  Maximum News Dissemination by FSCwire.  Copyright©2014 Filing Services Canada Inc.  
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