Mar. 29, 2011 (Filing Services Canada) -- Renaissance Gold Inc. (REN - TSX Venture), is pleased to announce that Ronald L. Parratt has been appointed to the office of Executive Chairman of the Board, Richard L. Bedell has been appointed President and Chief Executive Officer and Eric M. Struhsacker has been appointed Vice President Exploration effective March 31, 2011. Renaissance Gold Inc. is the spinout company resulting from the acquisition of AuEx Ventures Inc. by Fronteer Gold Inc. in November 2010.
Commenting on the changes, Ronald L. Parratt stated "It was over 8 years ago that Richard Bedell and I started AuEx with a vision of building an exploration company that would identify new exploration opportunities in Nevada and then explore these projects with industry partners using a joint venture business approach. That strategy worked very well for AuEx and our shareholders and also forms the core business strategy for RenGold. I look forward to continuing to execute this strategy and, in my new role, to more actively participate in identifying new exploration opportunities for the company and working in concert with Richard, Eric and the rest of our technical team."
Richard L. Bedell adds "RenGold has an enormous traction from AuEx and the retention of our entire portfolio, minus just the 3 projects in the immediate Pequop District which were part of the agreement with Fronteer Gold Inc. Not only do we think we are well positioned to take advantage of the growth of the Pequop District with our Wood Hills and Spruce Mountain projects but we have several new regional plays in the making with strong precious metal mineralization. We have also retained the entire team and board so all the momentum and purpose of AuEx is at full steam. We are going to see major growth in our Nevada and Argentina assets during 2011 as well as continued drilling and significant expenditures by our joint venture partner in Spain. These are very exciting times."
Ronald L. Parratt, Executive Chairman
Ron was a co-founder and the President and Chief Executive Officer of AuEx Ventures, Inc., a Nevada-based junior gold/silver exploration from 2003 until it was acquired by Fronteer Gold Inc. in late 2010 which led to the creation of Renaissance Gold Inc. as a "spin-out" of AuEx. Ron has over 35 years of exploration experience including service with Santa Fe Pacific Gold and Homestake Mining Company. He was directly involved in the discovery and development of the Rabbit Creek, Lone Tree, Trenton Canyon and Long Canyon gold deposits in Nevada totalling over 17 mm ounces of gold.
Ron is a Certified Professional Geologist (CPG #7616) with the American Institute of Professional Geologists (since 1989), a Registered Geologist in California (since 1976) and a Professional Geologist in Wyoming (since 1998). He is a graduate of Purdue University with degrees in geochemistry and economic geology. He is a Fellow of the Society of Economic Geologists, a member of the Society for Mining, Metallurgy and Exploration, a member of the Northwest Mining Association and a member of the Geological Society of Nevada. Ron has served on the State of Nevada, Commission on Mineral Resources since 1991 and is currently its Vice Chairman.
Richard L. Bedell, President and Chief Executive Officer
Richard was co-founder and the Executive Vice President of AuEx Ventures, Inc. He has over 30 years of exploration experience including an adjunct faculty position in Exploration Geophysics at the Mackay School of Earth Sciences & Engineering, University of Nevada, Reno. Previous work experience includes Homestake Mining Company as part of the Global Target Selection Team and managing its Technical Group for exploration as well as an exploration geologist with BP Minerals and Rio Tinto. Richard is a recognized expert in remote sensing and geo-spatial technologies and was lead editor for a recent Society of Economic Geologists publication entitled "Remote Sensing and Spectral Geology".
Richard is a Certified Professional Geologist (CPG #11156) with the American Institute of Professional Geologists. He is a graduate from The School of Natural Sciences & Mathematics, Hampshire College with a Bachelor of Arts degree in 1979, earned a Master of Science in geology from the University of Toronto in Ontario in 1985, and a Master of Science in Remote Sensing and GIS from the University of London, United Kingdom in 1986. Richard is a Fellow with the Society of Economic Geologists, a member of the Northwest Mining Association, Geological Society of America, the Geologic Remote Sensing Group, and a member of the Geological Society of Nevada.
Eric M. Struhsacker, Vice President Exploration
Eric was previously Exploration Manager US for AuEx Ventures, Inc. He is a professional geologist with approximately 34 years of exploration experience including Geologist for Victoria Resources, Senior Geologist for Homestake Mining Company, Senior Geologist for Santa Fe Pacific Gold Corporation, Senior Geologist for Chevron Resources Company, and Exploration Geologist for Exxon Minerals Company. Eric is experienced in exploration for gold and silver deposits in Nevada, copper and molybdenum deposits in the western United States, volcanogenic massive sulfide deposits in Maine and Arizona, and geothermal resources.
Eric is a Certified Professional Geologist (CPG #11107) with the American Institute of Professional Geologists. He is a 1973 graduate from Dartmouth College with an AB degree in Earth Sciences and earned a Master of Science from Montana State University in Earth Sciences in 1976. Eric is a member and former President and Vice President of the Geological Society of Nevada. He is also a member of the Society of Economic Geologists, Society for Mining Metallurgy and Mining, Northwest Mining Association, Geological Society of America, Prospectors and Developers Association of Canada Association of Mineral Exploration, and Nevada Petroleum Society.
About Renaissance Gold Inc.
RenGold is a precious metals exploration company that has a large portfolio of gold/silver exploration projects in Nevada, Utah, Argentina and Spain. RenGold controls over 100,000 acres of unpatented claims and fee land in prospective areas of Nevada. The majority 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 to search for and acquire new precious metal exploration projects that are then offered for joint venture. RenGold's common shares trade on the TSX Venture Exchange under the symbol REN.
Renaissance Gold Inc.
By: Richard Bedell, President and CEO
For further information, contact:
Ronald L. Parratt, 775-337-1545 or rparratt@rengold.com
Richard L. Bedell, 775-337-1545 or rbedell@rengold.com
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Source: Renaissance Gold Inc. (TSX-V: REN) http://www.rengold.com
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