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Press release from Business Wire

Renaissance Announces New Gold/Silver Sample Results from El Monte Project, Argentina

Tuesday, November 13, 2012

Renaissance Announces New Gold/Silver Sample Results from El Monte Project, Argentina07:30 EST Tuesday, November 13, 2012 WHITE ROCK, British Columbia (Business Wire) -- Renaissance Gold Inc. (TSX:REN) (“RenGold”) is pleased to announce that reconnaissance field work conducted by RenGold and its joint venture partner Agnico-Eagle has led to the discovery of precious metal mineralization in an area with no previous exploration cateos or concessions. The area, named the El Monte Project, comprises a 10,000-hectare land package located approximately 50 km south of the city of Pico Truncado in Santa Cruz Province, Argentina, and lies about 40 km northwest of Mariana Resource's Las Calandrias silver-gold project. The area was considered prospective based on the occurrence of favorable Chon Aike volcanic rocks and its proximity to nearby recent silver-gold discoveries. Initial reconnaissance geological mapping and rock chip sampling has identified volcanic-hosted, low-sulfidation-style gold-silver mineralization in five separate zones on the property: the Luna Roja, Llambda, Alpha, Omega, and Cae el Sol prospects. Of these, the Luna Roja area is the most advanced in terms of exploration work, with the recent completion of geologic mapping, rock chip sampling, an induced polarization (IP) survey, trench channel sampling, and a soil survey. At Luna Roja, gold and silver-bearing stockwork veins, silicified zones, and breccias occur within and along the margins of a rhyolite dome complex. The veins and breccias contain coxcomb quartz with iron oxides and/or pyrite, and adjacent wall rocks have been argillized, silicified, and k-feldspathized. Surface rock chip samples have yielded assays of up to 12 g/t Au and 630 g/t Ag along the margin of the rhyolite dome at Luna Roja, and visible silver chlorides, acanthite, and native gold have been observed at several locations. Seven trenches (almost 4 km in total length of all trenching) at Luna Roja have focused on a NNW-striking fault zone (the Via Lactea fault) along western margin of the dome complex. The best results were obtained from southernmost trenches 2 and 1, which are east-west trenches located 150 meters apart along the NNW-striking mineralized zone. These trenches respectively yielded 55 meters of 0.41 g/t Au and 13 g/t Ag, and 35 meters of 0.09 gpt Au and 7.5 g/t Ag . Samples are all contiguous and 1 to 5 m in length based on geology. At trench 2, the west boundary of mineralization is marked by a sub-parallel, post-mineral fault that dips westerly; thus an unknown quantity of mineralized vein material may lie beneath the surface on the west side (hangingwall) of the fault beneath strongly argillized tuffaceous rocks. A 715-sample soil survey recently completed over the Luna Roja prospect has defined two NNW-striking, subparallel gold and arsenic anomalies marked by soil gold concentrations >4 ppb and up to 100 ppb. The western of these two anomalies follows the Via Lactea fault zone along the western margin of the dome complex for a distance of 2.5 km and is open-ended to the north and south. The eastern anomaly is over 1 km long and cuts the dome complex near the eastern limits of the soil survey and is outside the current limits of the geophysical data. A 20-line-km IP survey over the western and southern margins of the dome complex generated extensive IP and resistivity anomalies. The largest IP anomaly ranges in strength from 15 to >20 mV/V and is coextensive with a resistivity high over a distance of approximately 1 km by 0.5 km. The anomalies are subhorizontal and lie at depths of 20-80 meters below surface. Given the strong correlation between IP anomalies and precious metal mineralization observed elsewhere in Santa Cruz Province, including at Las Calandrias, Penguino, and Santa Rita, these anomalies are considered key exploration targets. The IP anomaly is nestled between the soil Au and As anomalies described above. The net result is an exploration model of potential subhorizontal, shallow bulk-tonnage, disseminated mineralization within favorable volcanic rocks on the margins of the dome, cut by higher angle NNW-striking structures along which precious metal mineralization has leaked upwards to reach the current land surface. Mineralization in this model is considered open in all directions. It is open to the east, NE, and SE due to the presence of a thin layer of post-mineral basalt, and it is open to the west because of the possible action of post-mineral faulting. In addition, Renaissance recently completed the final agreement on Covadonga and Meridiano projects with Atala Resources. Atala is a private company run by the group behind Minera Andes who were so successful in Santa Cruz with the discovery of San Jose. They plan to go public later this year. The agreement is similar to most other RenGold agreements in that Atala will spend all the money through Bankable Feasibility to earn a 70% interest in the project. Richard Bedell, President & CEO, comments: “Argentina is politically challenged at the moment but we have excellent projects and partners and are confident that things will turn around for the better. Atala is an excellent group who will advance Meridiano and Covadonga projects. Agnico Eagle are excellent partners and El Monte is an example of a raw discovery with significant potential.” QAQC Approximately 150 field duplicate and bulk reject duplicate samples of key portions of the silver-gold mineralization at El Monte have been analyzed at two separate laboratories for gold (fire assay) and silver (both multi-acid digestion/ICP and fire assay). The reproducibility is well within expected norms for the epithermal volcanic-hosted style of mineralization found at El Monte. 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. To view this press release as a webpage, please click on the following link: Renaissance Gold Inc.Richard L. Bedell, 775-337-1545rbedell@rengold.comorEric Struhsacker,