WHITE ROCK, British Columbia--(BUSINESS WIRE)--

Renaissance Gold Inc. (REN.TO) (“RenGold” or the “Company”) reports financial results for the year ended June 30, 2014. Details of the Company’s financial results are described in the annual audited consolidated financial statements (the “Financial Report”) and corresponding management discussion and analysis for the same period. These and further details on each of RenGold’s projects and activities can be found on the Company’s website at www.rengold.com and on the Company’s profile on www.sedar.com. All amounts presented are in Canadian dollars unless otherwise stated.

Selected financial data

The following selected financial data is derived from the Financial Report as prepared in accordance with International Financial Reporting Standards.

Working capital at June 30, 2014 was $2,696,054 of which $2,819,995 is cash. There are no long-term liabilities.

Total assets at June 30, 2014 are $3,640,410 of which $2,910,903 are current assets and $729,507 are exploration and evaluation assets, equipment, investments and reclamation bonds.

The consolidated net loss for the year ended June 30, 2014 was $2,156,813 (2013 - $3,961,005).

Operations

RenGold is an exploration stage business engaged in the acquisition and exploration of mineral properties located in Nevada and Utah. RenGold’s business model is to identify and secure mineral resource properties for which it seeks suitable joint venture partners. Once partners are found, an exploration and option to earn-in agreement is entered into on the property enabling the earn-in partner to obtain an interest by conducting and funding exploration on that property.

In the year ended June 30, 2014, and to date of this press release, the Company:

• signed 6 new earn-in agreements since October 2013
• is planning initial drilling at the Fourth of July Project for October 2014 with funding by Summit Mining Exploration II, Inc. a US subsidiary of Sumitomo Corporation
• is anticipating that the Wood Hills South project will be drilled in October 2014 by Newmont Mining Corp.
• reduced its portfolio to 15 quality projects within Nevada and Utah
• has 4 projects with quality drill holes and mineral inventory estimated by third parties
• has substantially decreased expenditures not reimbursed by funding partners
• purchased the Anglo Gold Ashanti Database in February of 2014, leading to what we now believe is the largest exploration database for the Great Basin besides Barrick and Newmont

The Company’s expanded and integrated data base and our application of it constitute valuable intellectual property for RenGold. We are currently engaged in spatial probability modeling to produce unbiased computer models and analyze the Great Basin for the exploration potential for different deposit types. This process in combination with our passion for pursuing underappreciated ore types in Nevada should produce results that will attract major companies.

The level of the Company’s exploration expenditures is largely determined by the strength of the resource capital and commodity markets and its ability to obtain funding partners and investor support for its projects. The Company anticipates there will be less capital available for exploration joint ventures in the immediate future. RenGold is therefore concentrating activities in Nevada and Utah to upgrade current projects and define significant growth potential. Accordingly, RenGold sold its Argentine subsidiary in February 2014, its Spanish subsidiary in August 2014, and is in the process of winding up its Chilean subsidiary.

Exploration expenditures on RenGold projects totaled $1,694,259 (2013 - $3,649,799) during the year ended June 30, 2014. Of this amount partners funded $974,599 (2013 - $2,312,073) and RenGold funded the balance of $719,660 (2013 - $1,337,726). In addition to the exploration expenditures recorded in RenGold’s accounts, funding partners also conducted additional exploration programs directly on RenGold’s projects as required under the particular exploration earn-in agreement.

RenGold has five properties under exploration funding agreements:

The highlights of activity by RenGold and its funding partners on its exploration properties during the year ended June 30, 2014 and to the date of this press release, follow in alphabetical order.

Nevada projects with funding partners:

Arabia On April 8, 2014, the Company announced a purchase agreement with First Liberty Power Corp. (“FLPC”) on the Arabia Project in Pershing County, Nevada. The Arabia Project is a consolidation of the polymetallic Arabia District just north of Lovelock Nevada. It is a series of mesothermal quartz veins that may be intrusion related or orogenic in origin. It is composed of 15 patents and BLM mining claims. Historic mining records indicate very high grades of lead, silver, antimony and gold. Sampling by RenGold has yielded up to 30.1% Pb, 1811.5 ppm Ag, >1.5% Sb and 18.9 ppm Au. 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.

Fourth of July On June 5, 2014, the Company announced an exploration earn-in agreement with Summit Mining Exploration II, Inc. (“Summit II”), a US subsidiary of Sumitomo Corporation on the Fourth of July Project, Pershing County, Nevada. The Fourth of July Project contains numerous historic silver and gold prospects including the Arizona Mine that was one of the largest silver mines in the State of Nevada between 1860 and 1880. Based on geological mapping and sampling conducted by RenGold the mineral system is believed to be "Intrusion Related" in genesis similar to the evolving Spring Valley Project (> 4 Moz. gold, owned by Barrick and Midway) about 6 miles (10 km) on strike to the south and to the Rochester deposit owned by Coeur about 10 miles (16 km) south. Summit II has a minimum work commitment of US$500,000 but US$750,000 has been allocated to continue geologic work and complete phase one of drilling before the end of the year. The work is being conducted by RenGold.

Golden Shears On November 21, 2013, the Company announced a royalty agreement with Callinan Royalties Corporation ("Callinan") whereby Callinan agreed to fund $150,000 of exploration activity on RenGold’s Golden Shears project in exchange for a 1.5% net smelter returns (“NSR”) royalty. RenGold's Golden Shears property is in the Good Springs Mining District of southern Nevada. The property consists of unburdened claims on federal BLM ground. 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.

Trinity Silver In fiscal 2013, Liberty Silver Corp. (“Liberty Silver”) completed their work commitment of US$5,000,000 on the Trinity Silver project located in Pershing County, Nevada. On November 14, 2013, Liberty Silver announced a loan facility for US$1.21 million. Metallurgical studies are continuing in preparation of a preliminary economic assessment on the oxide deposit and this will be used to generate financing for development of the oxide deposit.

Woods Hills South On February 18, 2014, the Company announced that it has entered into an agreement with Newmont USA Limited ("Newmont") whereby Newmont would fund and conduct continuing exploration activities at RenGold’s Wood Hills South gold project adjacent to the emerging Pequop gold district in northeast Nevada. 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. Data compilation and modeling of existing drilling has been completed. Geophysics and soils have been completed and compiled to define drill targets, some of which may be tested before the end of 2014.

Nevada properties being prepared for joint venture

During the year ended June 30, 2014, and up to the date of this press release, RenGold conducted reconnaissance exploration programs to prepare these projects for joint venture.

Buffalo Canyon On October 22, 2013, the Company announced the results of recent mapping and rock chip sampling that support new targets with the potential to significantly expand the Everson Deposit at the Buffalo Canyon Project, Nye County, Nevada. RenGold acquired the Everson Deposit when it became open to staking in late 2012. Data from 40 historical RC drill holes indicate the potential for 350,000 ounces of gold contained in mineralized material at the Everson Deposit. The gold-bearing zone estimated from drilling and trench data consists of 25,000,000 to 26,000,000 tons at a grade from 0.012 to 0.013 ounces per ton (0.373 to 0.404 grams per ton) in an area 500 meters by 600 meters (about 1,640 by 1,970 feet). The potential quantity and grade is conceptual in nature, and as there has been insufficient exploration to define a mineral resource it is uncertain if future exploration will result in the target being delineated as a mineral resource.

Sinter On August 14, 2013, the Company announced the results of sampling in two trenches and 10 RC drill holes within and near the two trenches that was conducted in fiscal 2013. The holes tested the orientation and continuity at shallow depths of the mineralized zone exposed in the trenches. The Sinter property lies in the northern part of the Velvet District near other shallow epithermal gold prospects at RenGold’s Bunce property and at the historic Velvet Mine, a gold-silver producer in the early 1900’s.

Spruce Mountain On June 17, 2014, the Company announced the 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 determined that the drilling results were not sufficiently robust enough to continue funding the exploration efforts at Spruce Mountain and on June 9, 2014 formally withdrew from the venture agreement. RenGold subsequently dropped the Spruce Mountain claims.

Work has continued on data compilation and target definition at the Company’s projects being prepared for joint venture. These properties include the Big Gossan, Bunce, Fireball Ridge, Leonid, Reef, Silicon, Whistler, and Wildcat projects.

Generative

Generative exploration is the core of RenGold’s business. Property submittal evaluations and generative programs in Nevada and Utah are ongoing but the current focus is on upgrading projects with quality drill intercepts. RenGold’s technical team employs leading edge exploration techniques and technology for ore deposit vectoring including: proprietary remote sensing, spatial probability modeling and multivariate statistical analysis. Data is combined with field geology and alteration mineralogy for the purpose of target selection, property acquisition and joint venture development.

37 Degrees South On October 24, 2013, the Company announced an exploration alliance agreement with Callinan, the purpose of which is to fund prospect generation activities in order for RenGold to attract joint venture partners to projects, while allowing Callinan to generate and acquire royalties. The initial geographic focus will be the area of southern Nevada south of the 37^th parallel but may expand to other jurisdictions.

The agreement is for an initial three year term and requires that Callinan fund $150,000 of generative exploration during the first year of the agreement (received) with the option to fund up to $100,000 in each of the two subsequent years. In return for such funding, RenGold will grant Callinan the option to receive a 0.5% NSR royalty on any new projects acquired as a result of the generative exploration work. In addition, Callinan has the option of funding another $150,000 on any of the new projects in exchange for an additional 1.0% (1.5% total) NSR royalty. If RenGold proposes that additional value can be generated after spending $150,000, Callinan may elect to contribute subsequent funding with RenGold on an equally shared basis with no change to Callinan's royalty interest.

RenGold may also propose exploration on its existing mineral properties. Callinan will have the option to solely fund $150,000 in exploration on those projects in return for a 1.5% NSR royalty (see Golden Shears above).

Database On February 24, 2014, the Company announced the purchase of the AngloGold Ashanti database from Redstar Gold Corp. for $60,000 cash. The database includes extensive digital and analogue files. RenGold purchased a full copy of the digital data and physical access to the analogue files stored within 1 km of its Reno exploration office.

Qualified Person

All technical data, as disclosed in this press release, has been verified by the Company’s qualified persons Ronald L. Parratt, M.Sc. and Certified Professional Geologist, Richard L. Bedell, M.Sc. and Certified Professional Geologist and Eric M. Struhsacker, M.Sc. and Certified Professional Geologist.

Renaissance Gold Inc.

Renaissance Gold Inc. is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada and Utah. Some 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 rbedell@rengold.com

Eric M. Struhsacker, 775-337-1545 or estruhsacker@rengold.com

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.