VAUGHAN, Ontario, Aug. 25, 2005 (PRIMEZONE) -- Reno Gold Corp. (Pink Sheets:RNGD) announced today that it has acquired 18 lode mining claims, known as the Trinity claims (Sec 30; R 24 N, T 29 E) in Churchill County, Nevada totaling 360 acres. The property comprising the Trinity claims, more specifically described with the BLM as claim numbers 90664-90666, is approximately 50 miles east of Reno, Nevada, in the Forty Mile Desert. The claims lie at an altitude of 3890' and are 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.
The previously announced joint venture with Nevada Precious Metals, Inc., a privately held Nevada corporation, was terminated by mutual agreement in order for management to concentrate on claims that are totally owned by Reno Gold Corp. In addition, the 8 Claims (Micro 1 No. 870900) in Washoe County, Nevada previously obtained from Provost Associated Holdings Ltd. have been returned to that company.
Mr. Chehab, CEO of Reno Gold, stated, "We are very excited to be able to acquire the Trinity claims, which bring our total acreage to 360 acres, after accounting for the termination of our joint venture with Nevada Precious Metals, Inc. The Provost Associated Inc. claims are being returned and together with recent changes in management at Reno Gold, we felt it more advantageous to the company that we exploit the claims which we hold solely rather than pursue a joint venture business plan."
About Reno Gold Corporation (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