Renforth Resources Inc. (CSE - RFR) (OTCQB- RFHRF) (FSE-9RR) ('Renforth' or the 'Company') wishes to inform shareholders of the positive analytical results obtained in the 5 selected samples from the stripping of the Beaupre copper discovery located in the northeastern part of the Surimeau property as well as the closing of the previously announced financing and the departure of Mr. Kurt Breede from the board of directors, a requirement in his new role as technical director within the mining group of the Scotiabank.
Discovery of Beaupre copper
The Beaupre copper mineralization was discovered on Surimeau in 2018 by SOQUEM carrying out exploration work under an option agreement. At the end of this option, while reviewing the data, Renforth became aware of the copper discovery and conducted prospecting work in the area on several occasions to confirm the discovery, locating copper and copper mineralization. silver on the surface over approximately 165 m in length. In November 2023, Renforth carried out stripping of the overburden to expose bedrock for approximately 110 m along the mineralized trend and approximately 150 m perpendicularly to better assess and map the mineralization in the main zone and look for additional mineralization on either side of the main zone. Unfortunately, temperatures dropped significantly as winter began, making overburden removal difficult due to freezing of the exposed earth and rock, eventually covering the bedrock with a layer of snow. As a result, only 5 grab samples were collected. Work on the Beaupre discovery will continue later this year, when conditions are favorable, with channel sampling and additional mapping.
The five selected samples were taken from the 'main vein' and from the walls on either side of the vein. The results once again confirm the presence of previously unknown copper and silver mineralization at the surface. The samples selected are selective in nature and do not reflect the entire exposed mineralized system.
'The analysis results in this press release confirm the visual surface mineralization, observed directly on the Beaupre showing. Unfortunately, this was only possible in a few places due to weather challenges; however, we will return to this area of ??our Surimeau property in the near future. Although the priority on Surimeau is definitely the 20 km long Victoria mineralized structure, a surface copper discovery, heading towards the Cadillac Fault located less than 500 m away, cannot be ignored. We do not yet know if this is significant, but future work, once completed, could help answer this question. Results from our November 2023 drilling on Victoria are still pending,' says Nicole Brewster, President and CEO of Renforth.
Previous work on the Beaupre showing demonstrates at surface a northeast-trending deformation zone, which was sampled along a ridge line for approximately 165 m in the Pontiac sediments that underlie most of by Surimeau. In its narrowest part (20 cm before stripping), it has the appearance of a weakly chloritized shear zone but widens in places until it reaches zones of silicification, brecciation and quartz intrusion approximately 1 m thick. Mineralization occurs in the form of very coarse and irregular clots of chalcopyrite, occasional bornite and disseminations of fine pyrite, present both in the structure and in its margins. Future mapping and sampling of stripped areas will further inform the characterization of Beaupre.
Funding
Renforth completed a non-brokered private placement (the 'Offering') for gross proceeds of C$396,600 from the sale of 300,000 non-flow-through units of the Company (each, a 'Unit') at a price of C$0.026 per Unit in addition to 12,959,999 flow-through units of the Company (each, an 'FT Unit', and collectively with the Units, the 'Offered Securities') at a price of C$0.03 per FT Unit.
Each Unit consisted of one common share of the Company (each, a 'Common Share') and one common share purchase warrant (each whole warrant, a 'Warrant'). Each warrant entitles its holder to purchase one common share at a price of C$0.05 for a period of 24 months following the distribution date. Each FT Unit consisted of one common share to be issued as a 'flow-through share' within the meaning of the Income Tax Act (Canada) (each, an 'FT Share') and one-half -FT subscription voucher. Each FT warrant entitles its holder to purchase one common share at a price of CA$0.05 for a period of 18 months following the distribution date.
As part of the financing, the company paid a cash commission of $17,500.
Change to the Board of Directors
Renforth would like to thank Mr. Kurt Breede for his contribution as a director of the Company and congratulates him on his appointment as Technical Director within the Scotiabank Mining Group. Unfortunately, this role required Mr. Breede to leave his directorship at Renforth in early December. However, the Board wishes Mr. Breede every success in this new role.
About Renforth
Renforth is an active metals/battery company in a secure area known for its diverse mineral resources where it holds a dominant position south of the Cadillac-Larder Lake Fault, a world-class structure in the prolific Cadillac and Malartic mining camps in Abitibi (Quebec). Renforth's mining properties in this area encompass several areas of interest, including gold, zinc, nickel, copper, cobalt as well as lithium and several other minerals of interest.
Renforth's location is unique in that properties in the area are road accessible, have on-site hydroelectricity and are in an established and secure mining jurisdiction that is consistently ranked among the top 10 by the Fraser Institute. in the world.
Renforth is engaged in active exploration of metal/battery mineralization on Surimeau, working on an initial resource calculation, as well as the remodeling of our Parbec gold deposit to incorporate the 15,000m drilled after the entry date in force in 2019 of the last calculation of resources.
Contact:
Tel: 416-818-1393
Email: nicole@renforthresources.com
Forward-looking statements
This release contains forward-looking statements and information under applicable securities laws. All statements, other than statements of historical fact, are forward-looking. Forward-looking statements are often identified by terms such as 'may', 'will', 'plan', 'forecast', 'believe', 'anticipate', 'estimate', 'intend' and similar terms making reference to future events and outcomes. These statements and information are based on management's current beliefs and expectations. Any forward-looking information is inherently uncertain and subject to various assumptions, risks and uncertainties, including the speculative nature of the exploration and development of mineral resources, the fluctuation of commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, more fully described in the Company's securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward-looking statements, and the reader is cautioned not to place undue reliance thereon. Forward-looking information speaks only as of the date on which it is made and the Company undertakes no obligation to revise or update these forward-looking statements, except as required by applicable law.
RENFORTH RESOURCES INC. 
