Renegade Gold Issues Shares to Benton Resources in Payment of $300,000 Option
Renegade Gold Issues Shares to Benton Resources in Payment of
$300,000 Option
VANCOUVER, BC, December 7, 2023 – Renegade Gold Inc. (TSXV: RAGE, OTCQX: TGLDF,
FSE: 0702) (“Renegade” or the “Company”) advises that, further to its news release of December 1, 2023,
it has issued 769,230 common shares to Benton Resources Inc. in satisfaction of its obligation to make a
cash payment of C$300,000 pursuant to the terms of the option agreement wher eby the Company has the
right to acquire the remaining 30% interest (for a total interest of 100%) in the Panama Lake Property.
About Renegade Gold Inc.
Renegade Gold Inc. is a growth focused company e ngaged 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 Compan y 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 the Company’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. A portfolio of
prospective projects in Western Australia has also been acquired.
For further information, please contact:
Renegade Gold Inc.
Nav Dhaliwal
President, CEO and Director
Tel: 604-678-5308
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note regarding Forward-Looking Statements
Statements contained in this press release that are not historical facts are “forward-looking information” or
“forward-looking statements” (collectively, “For ward-Looking Information”) within the meaning of
applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of
1995. Forward-Looking Information includes, but is not limited to, the receipt of TSX Venture Exchange
approval and the issuance of the Common Shares. The words “anticipate,” “significant,” “expect,” “may,”
“will” and similar expressions ar e intended to be among the statements that identify Forward-Looking
Information. Forward-Looking Information is subject to known and unknown risks, uncertainties and other
factors that may cause actual results to differ mat erially from those implied by the forward-looking
information. In preparing the Forward-Looking Information in this press release, the Company has applied
several material assumptions, including, but not limited to, assumptions that general business and economic
conditions will not change in a materially adverse manner; that all requisite approvals will be received and
all requisite information will be available in a timely manner. Factors that may cause actual results to vary
materially include, but are not limited to, inaccurate assumptions concerning the exploration for and
development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties,
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risks related to unforeseen delays; general economic, market or busin ess conditions, regulatory changes;
timeliness of regulatory approvals, the risks of obtaining necessary licenses and permits, changes in general
economic conditions or conditions in the financial markets and the inability to raise additional financing.
Readers are cautioned not to place undue reliance on this Forward-Looking Information. The Company
does not assume the obligation to revise or update this Forward-Looking Information after the date of this
release or to revise such information to reflect the occurrence of future unanticipated events, except as may
be required under applicable securities laws.