VAUGHAN, Ontario, Sept. 20, 2005 (PRIMEZONE) -- Reno Gold Corp. (Pink Sheets:RNGD) Announced today that they have signed a Letter of Intent with Western Recon & Mineral Exploration Inc. (Western). With this purchase Reno Gold Corp. would increase its workable acreage from 380 acres to 1,420 acres.
This is a letter of intent to purchase certain Load mining claims located in northern and central Nevada described as the Troy Claims numbers 1-32 and the Burner Hill Claims numbers 1-20.
Western is the recorder and 100% owner of these claims.
The parties agree that the amount to be paid by Reno will be comprised of both cash and stock of Reno in an amount and a distribution to be agreed upon between the parties.
The parties hereto agree that Reno will be provided a period of sixty (60) days from the date of the execution of this agreement within which to complete their due diligence in respect of this proposal and negotiate an agreed compensation to be paid for Western's interest in the claims.
About Reno Gold Corp. - www.renogoldcorp.com
This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission.