Mr. Nav Dhaliwal reports

RENEGADE GOLD ARRANGES $3,400,000 PRIVATE PLACEMENT

Renegade Gold Inc. has arranged a private placement of up to 17 million units at 20 cents per unit for total gross proceeds of up to $3.4-million. Each unit will consist of one common share and one transferable share purchase warrant, with each warrant exercisable into one additional common share for a period of three years from date of issue at a price of 25 cents per share.

All securities issued under the placement will be subject to a hold period expiring four months and one day from the date of issue.

The company intends to use the net proceeds of the placement to extinguish debt, for exploration work on the company's exploration properties and for general working capital.

The company anticipates closing of the placement (in one or more tranches) as soon as practicable subject to receipt of all necessary regulatory approvals.

About Renegade Gold Inc.

Renegade Gold is a growth-focused company engaged in the business of acquisition, exploration and development of mineral properties located in the Red Lake mining district of Northern Ontario. As part of its regional-scale consolidation strategy, the company has assembled one of the largest prospective land packages in and around the Red Lake mining district in proximity to major mines and deposits as well as along the Confederation Lake and Birch-Uchi greenstone belts. The recent completion of the acquisition of Pacton Gold Inc. extends Renegade Gold's ownership in Red Lake to over 89,600 hectares of prospective and diversified exploration properties with significant potential for gold and critical minerals on trend with the major structures hosting known gold occurrences in the Red Lake mining district today. The company also holds a portfolio of prospective projects in Western Australia.

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