Renaissance Gold Inc. announced that it has signed a definitive earn-in agreement with OceanaGold U.S. Holdings Inc. on its Fat Lizard Project. Upon signing the definitive agreement, OceanaGold paid the company USD 25,000. OceanaGold has the option to earn up to a 51% interest in the Fat Lizard Project by spending USD 3,000,000 over a five-year period, and making payments to the company totaling USD 225,000. In addition, OceanaGold must spend USD 250,000 (committed expenditure) within 12 months of signing the definitive agreement. Upon vesting, OceanaGold has a one-time option to elect to earn an additional 24% interest on the Fat Lizard Project by spending an additional USD 5,000,000 over a four-year period from the date of exercise of the Phase II earn-in option. The Fat Lizard Project, Nye County, Nevada comprises a gold and silver bearing volcanic-hosted, low-sulfidation epithermal system. The presence of steam-heated alteration suggests a shallow level of exposure above a boiling zone. Mineralization occurs along a 1.2 km long mineralized fault zone and is open to the west. A half-graben setting controls mineralization and suggests structural intersections and horsetailing are present at moderate depths. Spectral measurements have been used to map high-level alteration including kaolinite, dickite, and alunite-bearing zones. Limited illite-smectite alteration is present in a narrow upthrown structural block and is associated with anomalous gold (up to 0.49 g/t) and silver (up to 10.8 g/t). Potential Au-Ag-rich mineralization may occur at relatively shallow depths within a boiling horizon. This prospect has never been drilled.