Toronto, Ontario (FSCwire) - Renforth Resources Inc. (CSE: RFR) (“Renforth” or the “Company”) is pleased to announce that the Company has entered into a letter of intent to acquire the Parbec Gold Property (“Parbec”) which straddles the Cadillac Break for a strike length of 1.3 km. and encompasses a historic gold occurrence identified in two zones on the property above a depth of 500 feet, and over a strike length of 2000 feet[1]. In addition, historic drilling demonstrates gold intercepts below 500 feet and demonstrates continuity to the east with additional, on property, mineralized occurrences.  Further work is required to define this historic gold occurrence, which is open along strike and at depth and meet current reporting guidelines.  Parbec is located west of the Town of Malartic Quebec within the Malartic Mining Camp, contiguous to Parbec is the East Amphi deposit (inferred resource of 1.4Mt grading 1.47 g/t Au)[2] which forms part of the Canadian Malartic Mine Property.  East Amphi shares the same lithologies and deformation zone as Parbec[3].

“Renforth is pleased to have the opportunity to build shareholder value and increase our presence on the prolific Cadillac Break through this letter of intent.  We look forward to commencing our exploration efforts on this property and building on a Company gold resource by defining a resource at Parbec, in addition to our New Alger Project. The work done to date, more than 100 drillholes and an underground ramp targeting the gold occurrence, in our opinion represents real value for Renforth shareholders which we can build upon,” states Nicole Brewster, President and CEO of Renforth.

The letter of intent allows Renforth to earn a 100% interest in the property from Globex Mining Enterprises Inc. (“Globex”) under the following terms;

1. over 4 years make cash payments totaling $550,000
2. over 4 years incur $4,000,000 in work costs on the property
3. over 4 years issue a total of 2,000,000 shares to Globex
4. Globex retains a gross metal royalty on the property of between 1 and 2 per cent (percentage calculated in relationship to the prevailing price of gold at the time of delivery)

The technical contents of this press release have been reviewed and approved by Brian H. Newton P.Geo, a qualified person pursuant to the criteria laid out in National Instrument 43-101. 

ABOUT RENFORTH

Renforth Resources Inc. is a Toronto-based gold exploration company with interests in two of Canada’s gold exploration camps, the New Alger project, with an inferred resource of 237,000 ounces of gold above a depth of 200 metres contained in 3,505,000 tonnes with a grade of 2.1g/t Au using a cut-off of 0.75 g/t Au (see press release July 17, 2014), located on the Cadillac Break outside of Rouyn, Quebec and the Nixon-Bartleman gold occurrence, located on the Porcupine-Destor fault in the West Timmins Mining area.

For further information please contact:

Renforth Resources Inc.

Nicole Brewster

President and Chief Executive Officer

T: (416) 368.5049  

E: nicole@renforthresources.com

No securities regulatory authority has approved or disapproved of the contents of this news release.

Forward Looking Statements

This news 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 frequently identified by such words as ‘may’, ‘will’, ‘plan’, ‘expect’, ‘believe’, ‘anticipate’, ‘estimate’, ‘intend’ and similar words referring to future events and results. Such statements and information are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, fluctuating commodity prices, the risks of obtaining necessary approvals, licenses and permits and the availability of financing, as described in more detail 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 against placing undue reliance thereon. Forward-looking information speaks only as of the date on which it is provided and the Company assumes no obligation to revise or update these forward-looking statements except as required by applicable law.

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