Phase One Drill Results at the Trinity Silver Deposit, Pershing County, Nevada

Renaissance Gold Inc. (TSX: REN) ('RenGold?) is pleased to
announce the phase one drill results provided by partner Liberty Silver
Corp. (TSX: LSL, OTCBB: LBSV) ('Liberty Silver?) at the Trinity Silver
Property in Pershing County Nevada. This drilling program includes the
initial holes designed to upgrade and expand the NI 43-101 compliant
resource in the immediate pit area released in the technical report on
February 15^th, 2011. The program also includes significant
step out tests that indicate the potential for expansion of the economic
mineralization, particularly to the south and west where the main
mineralization located to date is plunging to the SW.

Eighteen vertical reverse circulation drill holes were completed to
depths of up to 1500 feet. All holes had reportable intercepts with a
minimum criteria of 10 feet of 0.5 opt Ag.

Richard Bedell President & CEO comments: 'This drilling represents the
growth of a valuable asset for the company. Further work in 2012 is
going to focus on upgrading the resource. Also Liberty has started a
program to assess going into production and to begin drilling on their
10 exploration targets. The geophysics recently reported (RenGold Press
Release May 22, 2012) in conjunction with the drill holes reported here
represent potential for significant long term growth. Renaissance will
control 30% of the project and no additional funds are required until
after bankable feasibility.?

Exploration Highlights

Holes drilled outside of the defined resource include:

Hole A12-17 intersected 2 intervals in visually dominant oxide
material: 40 feet of 1.96 opt Ag from 10 to 50 feet and 35 feet of 4.37
opt Ag from 130-165 feet including 20 feet of 7.05 opt Ag, which also
includes 2 adjacent 5 foot intervals of 9.9 and 15.66 opt Ag.

Hole A12-10 intersected 15 feet of 4.48 opt Ag from 640-655 feet
in visually dominant sulfide material. This includes 5 feet of 11.9 opt
Ag.

Drilling indicates that the mineralization is dominantly oxide down to
165 feet expanding the potential for significant growth of oxide
mineralization. Oxide mineralization results from all drill holes are on
Appendix A to this press release.

Deeper in the system mineralization is dominantly sulfide and contains
base metals of interest. Sulfide mineralization results from all drill
holes are on Appendix B to this press release.

Confirmation Drilling

The NI 43-101 resource area (RenGold Press release February 28, 2011) is
defined within the existing shallow open pit and its immediate vicinity
based on a silver price of $17/oz.

The classified oxide mineral resource estimate is quoted at a cutoff
grade of 0.65 oz/ton silver and consists of an inferred resource of
2,605,000 ounces silver at an average grade of 1.37 oz/ton (1,901,000
tons).

The classified sulfide mineral resource estimate is quoted at a cutoff
grade of 1.30 oz/ton silver consists of an inferred resource of
9,036,000 ounces silver at an average grade of 1.69 oz/ton (5,336,000
tons).

Holes within the defined inferred resource area include A12-4 and A12-5
which contain multiple intervals of sulfide and each hole has a long run
of oxide including 65 feet of 1.15 opt Ag oxide (including 15 feet of
1.86 opt Ag) in A12-4 and 85 feet of 0.99 opt Ag oxide (including 25
feet of 1.46 opt Ag) in A12-5.

QAQC

All drill hole samples were analyzed by ICP-MS by American Assay
Laboratories, Reno, Nevada. Analytical precision and accuracy were
monitored by Minerals Exploration and Environmental Quality, Reno,
Nevada. Drill hole sample collection by the driller, Boart Longyear,
Elko, Nevada, was supervised by a senior Liberty Silver geologist and
chain of custody throughout the program was unbroken. Drill hole
deviation surveys were done by IDS, Elko, Nevada.

Trinity Mining District History

In addition to 18 holes described above, approximately 395 holes were
drilled during the period from 1982-2007 mainly by US Borax. While
approximately 50 of these holes are widely spaced throughout the joint
venture′s 13 square-mile area of interest, the large majority are
located within an approximate one square mile area centered on the
Trinity open pit silver mine. Based on historical and current assays,
all holes contain anomalous silver throughout.

Liberty Silver Inc. Earn-in agreement

Liberty Silver Corp. is required to expend a minimum of US$5,000,000 and
complete a bankable feasibility study by March 29, 2016 to earn an
undivided 70% interest in the property, subject to the underlying
minerals lease agreement with Newmont Mining Corporation.

Qualified Person

All 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.

About 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.

Appendix A

The following table summarizes the oxide mineralization encountered in
the drilling:

Appendix B

The following table summarizes the sulfide mineralization encountered in
the drilling: