SOURCE: Reno Gold Corporation

October 16, 2007 08:15 ET

Reno Gold Corp. Appoints Paul Diana CFA. MBA. as President and CEO

VAUGHAN, ON--(Marketwire - October 16, 2007) - Reno Gold Corp. (PINKSHEETS: RNGG) is pleased to announce the appointment of Paul Diana CFA. MBA. as the new President and CEO of the company.

Talal Chehab, Secretary Treasurer of Reno Gold Corp., comments, "Mr.Diana's appointment is a huge development for the company. He brings years of experience in the public markets to his new position as president and CEO. Mr. Diana has worked at the highest levels of management at HSBC Financial, BMO Nesbitt Burns, and Bank of Montreal . His industry contacts in the financial sector will be an immediate benefit to the company. Our former President and CEO, Ray Paquette, will stay on with the company as head of our newly created advisory board. Reno Gold Corp. now has the benefit of significant expertise in the financial and geological aspects of running a public exploration company. A strong team should yield considerable results to the benefit of all our shareholders."

"Reno Gold Corp. offered me the opportunity to manage this company and I was glad to accept," said Mr. Diana. "The company has exceptional land positioning in Nevada and the timing for expansion is excellent given the rising price of gold. I intend to move aggressively to get the Nevada project moving forward and I intend to embark on initiatives to raise the profile of the company in the investment community. The share structure should yield a higher price per share for our stock as we hit milestones on the business development side."

About Reno Gold: (http://www.renogoldcorp.com)

Reno Gold Corp. is a publicly traded company that trades on the NASD Pink Sheets under the trading symbol RNGG. The Company is a precious metals exploration Company concentrating its efforts in the Nevada area. Nevada is recognized as one of the world's foremost destinations for the discovery and production of precious metals, attracting companies such as Newmont Mining, Barrick Gold and Glamis Gold.

This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in 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.

Contact Information

  • Contact:
    Reno Gold Corp.
    Investor Relations
    416-960-4144