Renforth Resources Inc.

Renforth Resources Inc.

April 17, 2008 13:15 ET

Renforth Resources Inc. Completes a $1,282,480 Private Placement

TORONTO, ONTARIO--(Marketwire - April 17, 2008) - Renforth Resources Inc. ("Renforth") is pleased to announce it has completed a private placement for gross proceeds of $ 1,282,480 through the sale of 4,580,285 non flow-through shares at an issue price of $ 0.28 per share.

Renforth paid a 10% finder's fee in respect of the private placement. All securities issued pursuant to the private placement will be subject to a four month hold period following the closing date.

Renforth also announces it has granted to six directors and an officer of the Company, options to acquire 750,000 common shares of Renforth. The options are subject to a vesting schedule and exercisable at $0.28 for a period of 5 years from the date of grant and are subject to regulatory approval.

Renforth has filed today with the Canadian Securities authorities its Annual Financial Statements and Management Discussion & Analysis report for the year ended December 31, 2007. These documents may be viewed at

About Renforth

Renforth Resources Inc. is a Toronto-based diamond and base 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 2008.

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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