Vancouver, British Columbia--(Newsfile Corp. - April 16, 2024) - Renegade Gold Inc. (TSXV: RAGE) (OTCQX: TGLDF) (FSE: 070) ("Renegade" or the "Company") is pleased to announce that planning is underway to expand the current drill program at its Newman Todd high-grade gold project in Ontario's Red Lake gold rush (Figure 1). Drill targeting work is underway for the additional holes and further details will be announced within the coming weeks. Additionally, Renegade is pleased to confirm that all post Trillium/Pacton transaction work is complete with all debt cleared and funding in place as the Company pursues its high growth exploration and development strategy.

Nav Dhaliwal, President and CEO for Renegade Gold, commented, "We have the ideal timing and drill targets for this expanded drill program. Renegade's Newman Todd gold project in Red Lake has robust mineralization over a 2.2 km strike length but has seen almost no drilling below 300 m. The few deeper holes that were drilled in 2022 hit grades such as 40.56 g/t over 4.18 m, which gives us a clear area of focus for growing this remarkable project."

Figure 1. Renegade Gold Red Lake Gold Project area.

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The technical content of this news release has been reviewed and approved by Dale Ginn, P.Geo., the Executive Chair and director of the Company and a Qualified Person pursuant to National Instrument 43-101.

About Renegade Gold Inc.

Renegade Gold Inc. 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 89,600 hectares prospective and diversified exploration portfolio has significant potential for gold and critical minerals on trend with the major structures hosting known gold occurrences in the Red Lake mining district today,

For further information, please contact:

Renegade Gold Inc.

Nav Dhaliwal
President, CEO and Director

[email protected]
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.