Reno Gold Corporation (RNGG)

[rocketrice]

Shareholder update. The price for gold is much higher now than noted here.


VAUGHAN, ON--(MARKET WIRE)--Sep 25, 2007 -- Reno Gold Corp (Other OTC:RNGG.PK - News) ( the "Company") is pleased to announce a shareholder update


"Our company is very busy preparing our program for the Good Hope Property," said Talal Chehab, Secretary Treasurer of Reno Gold Corp. "The process of identifying rigs for drilling, closing off the permitting, and securing staffing is well under way. We also expect to be able to move forward on financing options for our program on the Good Hope Project. Reno Gold Corp has been speaking to a number of sources for funding in Canada and the USA. Our strong land position in the Carlin Trend makes us an attractive investment alternative in the junior mining sector."

"The recent move by gold to the $735 USD per ounce mark, gives our company the blue sky that many investors are looking for in a junior gold mining company," said Mr. Chebab. "Our company is in an area in Nevada which has major names like Newmont and numerous juniors in the USA and Canada. The State of Nevada as a stand alone country would rank fourth in the world for gold production behind South Africa, Australia and China. The state has some of the largest gold deposits on the planet, with the most significant discoveries occurring in the Carlin Trend. Nearly 60 million ounces of gold have been produced from the Carlin Trend and 120 million ounces remain in the ground."

In closing, Mr. Chebab said, "We will look to close a funding in the next 60 days. This will be done at much higher prices and will not be done on a dilutive basis. If we do everything right here we expect the share price to be much higher."

http://biz.yahoo.com/iw/070925/0306377.html