Renforth Resources Inc.

Renforth Resources Inc.

October 23, 2007 16:39 ET

Renforth Resources Inc. Press Release

TORONTO, ONTARIO--(Marketwire - Oct. 23, 2007) - Renforth Resources Inc. ("Renforth") announced today that Mr. David W. Massola has been appointed as a director of Renforth, filling a previously created vacancy on the Board (please refer to the company's press release dated August 7, 2007). Mr. Massola has also been appointed Chairperson of Renforth's Audit Committee.

Mr. Massola is currently the Vice President Finance and CFO of GlobeStar Mining Corp., an emerging copper and gold producer in the Dominican Republic. From 2001 to 2006, Mr. Massola was the CFO of De Beers Canada Corporation, where he was in charge of all financial aspects for Canadian operations. Previously, he also served as Vice President of Finance of BHP Diamonds Inc. during the permitting, construction, commissioning and production of the Ekati Diamond Mine in Canada's Northwest Territory. Mr. Massola is a graduate of the University of California where he received a Bachelor of Science degree in Accounting. He has over 25 years of experience in a broad range of financial functions including tax, business planning and analysis, treasury, corporate accounting, banking and internal audit.

Renforth also announced today that Mr. Mike Newbury has resigned as the CEO and President of the Company. Renforth extends its thanks to Mr. Newbury for his services during the past year. The company's Governance Committee is currently in the process of recruiting a new CEO and President.

Renforth further announced today that Mr. David Danziger has been appointed interim CEO and President of the company until such time as the company engages a new President and CEO. Mr. Danziger is the Chairman of the company's Board of Directors and a member of its Audit Committee (please refer to Renforth's press release dated August 15, 2007 for a biography of Mr. Danziger). Until such time as the company engages a new President and CEO, Mr. Paul Vorvis will act as the independent Lead Director of the Board.

About Renforth

Renforth is a junior resource company focused on diamond exploration in Canada. Renforth has a large land holding in the Attawapiskat region of Ontario adjacent to the Victor diamond mine that is now under development by DeBeers. The property holdings include the five diamondiferous kimberlites known as the Kyle series that Renforth has drilled and a number of claim blocks that contain high potential geophysical anomalies on which follow-up ground geophysics was completed during the winter.

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.

Neither the TSX Venture Exchange, nor any other securities regulatory authority has approved or disapproved of the contents of this news release.

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