May 5, 2020
Renaissance Gold Announces Acquisition of Exciting New Epithermal Gold Target

Renaissance Gold Inc. (TSX.V:REN / OTCQB:RNSGF) (“RenGold” or the “Company”) announces the recent  staking and filing of 66 unpatented mining claims comprising the “Elba” Project located on Bureau of Land  Management (BLM) administered lands in Esmeralda County, Nevada (Figure 1). The claims cover  approximately 4km2 located within a large alteration zone characterized by an alunite-kaolinite-buddingtonite 

mineral assemblage, consistent with alteration typical of the upper levels of an epithermal gold system. The  alteration at Elba is directly analogous to the alteration system at the Company’s Silicon Project, being explored  under an option to purchase agreement with AngloGold Ashanti NA (“AngloGold”).  

Elba Property Highlights 

• Located in the prolific Walker Lane mineral 

trend 

• Historic drilling intersected anomalous gold 

(0.1-0.7 g/t) and mercury up to 10 ppm in opalite 

horizons and breccia 

o Only 4 widely spaced historic drill 

 holes on RenGold claim block,  

 deepest to 540 feet (165 metres) 

o No effective drill test for high-grade 

 gold target associated with deeper  

 feeder zones 

• Hecla holds a small adjacent claim block,  

covering some historic surface anomalies which  

were the primary target of historic drilling. 

• The core of the arcuate alteration cell is  

interpreted to be centered on RenGold’s claim  

block and partially covered by a thin veneer of 

alluvium. 

• AngloGold controls 552 recently staked and  

filed claims surrounding both RenGold and  

Hecla (Figure 2) 

Figure 1: RenGold Property map highlighting location  

of Elba Project

Robert Felder, President & CEO states, “Our generative team has continued to effectively employ our proprietary  exploration model to develop high-quality targets. Elba shares significant favorable characteristics with our Silicon project, and we believe it represents a meaningful discovery opportunity. We are happy to see  AngloGold’s interest in this target area, which is not surprising considering the striking similarities to Silicon.” 

Figure 2: Geology and alteration map showing relative positions of Hecla and AngloGold claims  around the Elba Project 

The project area is located approximately 45 km west-northwest of Tonopah, Nevada and sits within a large (8km2)  alteration zone which is hosted by an arcuate rhyolite dome field (Figure 2). The domes are altered to  alunite+kaolinite, and much of the alteration is covered by a thin veneer of alluvium. Alunite altered hydrothermal  breccias and leached silica have been observed on the margins of the alluvial cover, indicating the system is likely  to extend under cover. This represents a significant target with minimal historic drilling in a very favorable 

jurisdiction which closely resembles RenGold’s Silicon project.  

Silicon Project 

RenGold’s Silicon Project, Nye County, Nevada is under an option to purchase agreement with AngloGold  Ashanti NA. Under the terms of the agreement, AngloGold 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 RenGold news releases dated June 30, 2017, May 1,  2018, March 27, 2019 and May 29, 2019). AngloGold is required to give RenGold 30 days advance notice (by  May 21, 2020) in the event they elect not to complete the option and return the property. 

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). 

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 over the past 16 years including  those of 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 bfelder@rengold.com 

Ronald Parratt 775-337-1545 or rparratt@rengold.com 

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.