VAUGHAN, Ontario, Sept. 29, 2005 (PRIMEZONE) -- Reno Gold Corp. (Pink Sheets:RNGD) announced today that the company has signed an additional Letter of Intent (LOI) with Western Recon & Mineral Exploration Inc. (Western) to purchase certain lode mining claims located in northern and central Nevada described as the Troy Claims numbers 33-64. With this second purchase, Reno Gold Corp. would increase its workable acreage 440% from its original 380 acres to a total of 2,060 acres.
Western is the recorder and 100% owner of these claims. Both 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. Reno Gold will conduct its due diligence over the next sixty (60) days and negotiate the compensation to be paid to Western for the claims.
About Reno Gold Corp.
The Company was formed as a precious metals mining, exploration and Development Company in June of 2004. Reno Gold is the registered owner of eighteen lode mining claims, known as the Trinity claims, registered with the Bureau of Land Management (BLM) as claim numbers 90664-90666 comprising 360 acres, located in (Sec 30; R 24 N, T 29 E) Churchill County, Nevada. The property comprising the Trinity claims is approximately 50 miles east of Reno, Nevada, in what is known as the Forty Mile Desert. The claim lies at an altitude of 3,890 feet and is mainly flat with little or no vegetation. The surface has volcanic float from hills to the north, but is mainly covered in recent, powdery, white Lake Lahontan sediments.
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.