Renaissance Oil Corp. RNSFF

Re:Note to Company...[Thank You!] NEWS!!

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Santoy arranges $1.5-million private placement Santoy Resources Ltd (2) (TSX-V:SAN) Shares Issued 47,799,419Last Close 8/22/ 2005 $0.35Tuesday August 23 2005 - News Release Mr. Ron Netolitzky reports SANTOY ANNOUNCES $1.5 MILLION PRIVATE PLACEMENT FINANCING Santoy Resources Ltd. has proposed a $1.5-million non-brokered private placement consisting of a $1-million issuance of flow-through units and a $500,000 issuance of non-flow-through units. Each flow-through unit will comprise one common share at 45 cents per share, and each non-flow-through unit will comprise one common share at 40 cents and one-half of one share purchase warrant exercisable at 55 cents per share in the first year and at 65 cents per share in the second year. The warrants will have an accelerator clause wherein the remaining exercise period may be reduced, upon notice and at the election of the company, to 30 days if the shares trade at or greater than 75 cents per share for 20 consecutive trading days. The offering, to be undertaken on a best-efforts basis by the company, will be sold in Alberta, British Columbia and Saskatchewan. Finders' fees may be payable on that portion of the funds raised by accredited third parties. The financing is subject to regulatory approval. The proceeds of this private placement will be used: to advance Santoy's uranium projects located in B.C., Saskatchewan, Manitoba and in the central mineral belt of Labrador; to advance Santoy's coal and coal-bed methane projects located in Western Canada; and for general working purposes. © 2005 Canjex Publishing Ltd.