Renegade Gold Expands Red Lake Land Package to 94,000 ha with Acquisition of BobJo and Keystone Properties; Announces Share Consolidation

Executive Summary

• Renegade Gold Inc. entered into a purchase agreement to acquire the 65‑ha BobJo Property and an option agreement to acquire the 4,320‑ha Keystone Property in Ontario’s Red Lake Mining District.
• The transactions will increase Renegade’s consolidated land position in Red Lake to approximately 94,000 ha, one of the largest exploration portfolios in the district.
• Both agreements are subject to TSX Venture Exchange approval; share issuances and a cash payment (for Keystone) are required, along with a 2 % net smelter royalty on the Keystone deal.

Key Details

• BobJo Agreement – Purchase of nine patented claims (≈65 ha).
• Renegade must issue 750,000 post‑consolidation common shares within five business days of TSXV approval.

• Historical drilling (2007) returned high‑grade intercepts:

  • 6.53 g/t Au over 8.3 m (BJ07‑01)
  • 123.6 g/t Au over 2.1 m (BJ07‑14)
  • 20.8 g/t Au over 1.1 m and 29.0 g/t Au over 0.3 m (BJ07‑06)

• Keystone Agreement – Option to acquire 212 unpatented claims (≈4,320 ha).

• Initial issuance of 1,500,000 post‑consolidation common shares within five business days of TSXV approval and payment of $150,000 cash.
• By the first anniversary of TSXV approval, Renegade must issue an additional 1,500,000 post‑consolidation common shares and pay another $150,000 cash.

• The optionor retains a 2 % net smelter royalty, half of which can be purchased by Renegade for $500,000.

• Strategic Rationale –

• BobJo lies within the existing Confederation Project, providing new high‑grade drill targets.

• Keystone creates a 15 km corridor linking Red Lake Main, Gullrock, and Confederation properties, enhancing claim management and exploration continuity across both the Red Lake and Confederation greenstone belts.

• Share Consolidation – Board has recommended a 3‑for‑1 consolidation of Renegade’s common shares (subject to TSXV approval). Details will be disclosed in a subsequent release.

• Regulatory Conditions – Completion of both agreements is contingent upon TSX Venture Exchange approval; no finders’ fees are payable.

• Qualified Person – Technical content reviewed and approved by Dale Ginn, P.Geo., Executive Chair & Director (NI 43‑101).

Notable Quotes

“The Keystone Property represents a strategic stretch of the Confederation unit that connects our core Red Lake land with our vast Confederation Belt holdings… The addition of BobJo comes at an exciting time as we renew our focus on building a strong pipeline of exploration targets within the Confederation Project.” – Devin Pickell, President & CEO

All boilerplate, forward‑looking disclaimer, and “About the Company” sections have been omitted for brevity.