Renforth Resources Inc.

Renforth Resources Inc.

April 30, 2010 17:59 ET

Renforth Resources Files Audited Annual Financial Statements

TORONTO, ONTARIO--(Marketwire - April 30, 2010) - Renforth Resources Inc. ("Renforth") or (the "Company") (CNSX:RFR) announces that it has filed its 2009 audited Annual Financial Statements and 2009 Management Discussion & Analysis report for the year ended December 31, 2009. To view these documents, please visit Renforth's website at or at

Renforth also announces that the Company is indebted in the amount of $76,182 to Billiken Management Services Inc. ("Billiken"), who provided drilling and exploration services for the Company in early 2009. Renforth and Billiken agreed to pay the Company's debt by way of a shares for debt transaction in which 7,618,000 common shares of the Company valued at $0.20 per share totalling $76,182 were given to Billiken. 

Renforth further announces that Mr. David Massola has tendered his resignation as a director of the Company. The Board of Directors greatly appreciates and recognizes Mr. Massola's time and dedication to the development of the business of the company.

About Renforth

Renforth Resources Inc. is a Toronto-based diamond, base metals and precious metals exploration company with significant concessions in the McFaulds Lake "Ring of Fire" discovery area of north-eastern Ontario. Renforth has five diamondiferous kimberlites: two are at the commercial bulk-sampling stage; the remaining three are targeted for specific follow-up drilling and economic evaluation. These claims lie between ten and twenty kilometres from Noront Resources Ltd.'s recent base metal discoveries at its Double Eagle Project. Renforth intends to explore high-priority sulphide targets and kimberlite targets in 2010. Renforth is also planning significant drilling of the New Alger Gold project in 2010.

This press release includes certain forward-looking statements within the meaning of Canadian securities laws that are based on expectations, estimates and projections as of the date of this press release. There can be no assurance that such statements will prove accurate, and actual results and developments are likely to differ, in some case materially, from those expressed or implied by the forward-looking statements contained in this press release. Readers of this press release are cautioned not to place undue reliance on any such forward-looking statements. Forward-looking statements contained in this press release are based on a number of assumptions that may prove to be incorrect, including, but not limited to: timely implementation of anticipated drilling and exploration programs; the successful completion of new development projects, planned expansions or other projects within the timelines anticipated and at anticipated production levels; the accuracy of reserve and resource estimates, grades, mine life and cash cost estimates; whether mineral resources can be developed; title to mineral properties; financing requirements; general economic conditions; and changes in laws, rules and regulations applicable to Renforth. In addition to being subject to a number of assumptions, forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to be materially different from those expressed or implied by such forward-looking statements. Renforth has no intention or obligation to update the forward-looking statements contained in this press release.

No securities regulatory authority has approved or disapproved of the contents of this news release.

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