SOURCE: Reno Gold Corporation

October 30, 2007 14:15 ET

Reno Gold Corp. Reports on Recent Meetings in Toronto

VAUGHAN, ON--(Marketwire - October 30, 2007) - Reno Gold Corp. (PINKSHEETS: RNGG) is pleased to report that it held numerous meetings in Toronto with investment bankers and fund managers in Toronto last week.

Paul Diana, President and CEO of Reno Gold Corp., announced, "We held a number of meetings with investment bankers last week in Toronto. The company was well received and a number of funds expressed interest in the company and the Good Hope project in Nevada. The property in Nevada is in an area which has over 100 million ounces of gold reserves."

"Reno Gold Corp. is a Nevada gold play. The investment bankers in Toronto are well aware of all the players who are next to the Good Hope property and they recognized our small market cap gives our shares significant upside," said Mr. Diana. "The company was referred to other investment banking contacts in New York City. We anticipate going to New York City in late November. Our intention is to close a financing with some of these contacts by the end of November. Once we get the financing in place we will accelerate our drill program and maximize the value of our Good Hope property. The company was also offered other interesting properties in Nevada. This could be a very interesting two months for our shareholders."

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