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Press release from Business Wire

Arabia District Nevada Consolidated and Advanced by Renaissance Gold

Thursday, November 08, 2012

Arabia District Nevada Consolidated and Advanced by Renaissance Gold07:30 EST Thursday, November 08, 2012 WHITE ROCK, British Columbia (Business Wire) -- Renaissance Gold Inc. (TSX:REN) (“RenGold”) is pleased to announce trench results and patented claim consolidation of the Arabia District, Pershing County Nevada. The Arabia District, discovered in 1859, was a significant silver, lead, antimony, and gold producer that exploited the oxidized parts of a large swarm of mesothermal quartz-sulfide-sulfosalt veins. The vein swarm appears to be an orogenic system that is temporally, and possibly, genetically associated with felsite dikes and sills of probable Cretaceous age that intrude granodiorite bodies and phyllites of the Jurassic to Triassic Auld Lang Syne Group. This association is similar to that of the Spring Valley project 24 kilometers to the east (Barrick and Midway Gold) which is reported to contain a 4.2 million ounce gold resource that is still open. RenGold consolidated the Arabia District by purchasing seven patented claims and by completing lease/purchase agreements on eight additional patents. The intervening ground is BLM-ma naged and controlled by RenGold with 153 unpatented mining claims. The targets at Arabia include vein swarms exposed in a window, approximately 1 kilometer by 2 kilometers in dimension, bounded by post-mineral volcanic cover on the west, south and east and by phyllitic country rock to the north. Zones of high density veins near surface present the opportunity for exploitation by open pit. High-grade mineralization in these zones could be amenable to underground mining. RenGold recently completed a trenching and channel sampling program on three of the patented claims. Mineralization in these trenches includes widespread faults, quartz veins, stockworks and disseminations in granodiorite. Results are reported below for the following cut offs Au 0.10 g/t, Ag 10 g/t, Sb 0.1 %, Pb 0.5%. Sample       TRENCH       From       To       Interval       Interval       Au       Ag       Pb       Sb     ID Number Feet Feet Feet M g/t g/t % % 89503 1 52.0 60.0 8.0 2.43 0.120 - - - 89516 1 209.5 211.0 1.5 0.45 1.858 89.00 8.83 1.00 89523 2 30.0 40.0 10.0 3.05 0.145 - 0.63 - 89525 2 45.0 55.0 10.0 3.05 1.814 20.90 1.59 0.15 89531 2 90.0 95.0 5.0 1.52 0.166 - - - 89536 2 115.0 120.0 5.0 1.52 - 27.90 5.27 0.19 89539 2 145.0 150.0 5.0 1.52 0.191 - - - 89554 2 275.0 280.0 5.0 1.52 0.500 219.10 13.26 0.61 89556 2 285.0 290.0 5.0 1.52 0.146 - - - 89559 3 0.0 8.0 8.0 2.44 0.109 - - - 89562 3 18.0 23.0 5.0 1.52 1.672 479.40 13.11 0.84 89569 3 61.0 64.0 3.0 0.91 0.111 - - - 89575 3 98.0 116.0 18.0 5.49 - 12.30 1.43 - 89635 4 25.0 35.0 10.0 3.05 - 40.60 - 0.12 89641 4 85.0 95.0 10.0 3.05 - - - 0.10 89642 4 95.0 105.0 10.0 3.05 0.201 - - 0.20 89648 4 155.0 165.0 10.0 3.05 - 314.00 8.29 0.22 89651 4 184.0 189.0 5.0 1.52 0.222 172.50 4.81 0.23 89655 4 215.0 220.0 5.0 1.52 0.120 - - - 89665 4 305.0 315.0 10.0 3.05 - 117.00 0.50 0.12 89674 4 395.0 402.0 7.0 2.13 - 20.90 - - 89675 4 402.0 412.0 10.0 3.05 - 21.40 - - 89676 4 412.0 422.0 10.0 3.05 - 11.30 - - 89682 4 471.0 481.0 10.0 3.05 - 15.00 - - 89684 4 491.0 501.0 10.0 3.05 - 26.40 - - This new data is compatible with drill results on another patented claim by New Sleeper Gold in 2005. New Sleeper drilled four angle diamond drill holes (total of 358 meters) in the main eastern part of the district (over seven hundred meters to the southeast of the eastern most sampling of the trenches reported above by RenGold). Core recovery mostly exceeded 90 percent. The highest grades intersected were 352 gpt Ag and 1.36 gpt Au over 0.40 meters in hole JDD-02-05. This patent is now controlled by RenGold. A summary of results for the New Sleeper drilling, as reported by New Sleeper Gold, includes: ASSAY HIGHLIGHTS:JDD-01-059.15m – 12.63m (3.48m): 0.277g/t Au17.22m – 21.80m (4.58m): 0.407g/t Au23.30m – 27.90m (4.6m): 0.107g/t Au30.18m – 41.29m (11.11m): 0.595g/t Au ASSAY HIGHLIGHTS:JDD-02-0510.06M – 14.09m: 4.03m @ 5.44g/t Ag34.15m – 45.73m: 11.58m @ 4.22g/t Ag(includes: 34.15m – 34.47m: 0.32m @ 0.58g/t Au & 65.2g/t Ag)88.41m – 109.15m: 20.74m @ 12.0g/t Ag(includes : 93.69m – 94.09m:0.40m @ 1.36g/t Au & 352.0g/t Ag)124.09m – 125.3m: 1.2m @ 8.4g/t Ag ASSAY HIGHLIGHTS:JDD-03-0515.24m – 18.72m: 3.48m @ 23.6g/t Ag(includes: 15.24m – 16.00m: 0.76m @ 74g/t Ag & 0.35g/t Au)30.18m – 36.59m: 6.41m @ 0.375g/t Au39.24m – 41.07m: 1.83m @ 1.3g/t Au & 21g/t Ag ASSAY HIGHLIGHTS:JDD-04-058.85m – 10.37m: 1.52 m @ 0.63g/t Au & 79g/t Ag (clay/fracture zone)14.94m – 18.11m: 3.17m @ 0.29g/t Au & 11g/t Ag (quartz veining) Richard Bedell, President & CEO, comments: “This may be the first time the Arabia District has been consolidated as there were 15 patented claims owned by 5 different parties prior to our acquisitions. The patents allow us to operate with minimal permitting and so far the data are attractive, indicating potential for open pit mining. The density of veining is impressive and we think that there is more to come.” Qualified Person All technical 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. Renaissance Gold Inc. Renaissance Gold Inc. is a gold/silver exploration company that has a large portfolio of exploration projects in Nevada, Utah, Argentina and Spain. 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 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.Renaissance Gold Inc.Richard L. Bedell, 775-337-1545rbedell@rengold.comorEric Struhsacker, 775-337-1545estruhsacker@rengold.com