RNC Gold Inc.

March 18, 2005 08:23 ET

RNC Gold Inc. Announces Increase To Private Placement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: RNC GOLD INC.

TSX SYMBOL: RNC

MARCH 18, 2005 - 08:23 ET

RNC Gold Inc. Announces Increase To Private Placement

TORONTO, ONTARIO--(CCNMatthews - March 18, 2005) - NOT FOR DISTRIBUTION
TO UNITED STATES NEWSWIRE SERVICES AND NOT FOR DISSEMINATION IN THE
UNITED STATES

RNC Gold Inc. (TSX:RNC) ("RNC" or the "Company") announced today that it
has agreed to increase the size of the private placement offering of
units by up to an additional 2.0 million units. The Company will now
offer for sale up to 9.0 million units at a price of Cdn$1.00 to provide
the Company with aggregate gross proceeds of up to Cdn$9.0 million. All
other terms of the offering announced in the Company's press release of
March 15, 2005 remain the same.

The offering is subject to receipt by the Company of all necessary
regulatory approvals and is expected to be completed on or about March
22, 2005.

These securities have not been and will not be registered under the
United States Securities Act of 1933, as amended, or the securities laws
of any state and may not be offered or sold in the United States or to
US persons (as defined in Regulation S of the US Securities Act) unless
an exemption from registration is available.

About RNC Gold

The Company is a gold mining company with projects in the Caribbean
basin. The main assets of the Company include the La Libertad and
Bonanza mines in Nicaragua, the Cerro Quema project in Panama and the
Picachos exploration property in Mexico as well as the option to acquire
25% of the San Andres mine in Honduras.

Certain statements included herein, include those that express
management's expectations or estimates of future performance, constitute
"forward looking statements" within the meaning of the United States
Private Securities Litigation Reform Act of 1995. Forward looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by management, are
inherently subject to significant business, economic, regulatory,
competitive and geological uncertainties and contingencies. Such
forward-looking statements involve known and unknown risks,
uncertainties and other risk factors that may cause the actual financial
results, performance, or achievements of RNC Gold to be materially
different from estimated future results, performance, or achievements
expressed or implied by those forward looking statements. These are
discussed in greater detail in RNC Gold's Annual Information Form and
other reports filed with Canadian provincial securities commissions at
www.sedar.com. RNC Gold expressly disclaims any intention or obligation
to update or revise any forward- looking statement whether as a result
of new information, events or otherwise.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    RNC Gold Inc.
    J. Randy Martin
    President and CEO
    (416) 365-9777
    tlough@rncgold.com
    www.rncgold.com
    or
    RNC Gold Inc.
    T.W. Lough
    Vice President Finance
    (416) 365-9777
    rmartin@rncgold.com
    or
    The Equicom Group
    Martti Kangas
    (416) 815-0700 ext. 243