Renaissance Announces Strategic Investment by Pierre Lassonde

June 11, 2019 – Vancouver, BC – Renaissance Oil Corp. (“Renaissance” or the “Company”) (TSX-V: ROE) (OTCQB: RNSFF) is pleased to announce that it has issued to a company wholly-owned by Pierre Lassonde 10 million common shares of the Company (the “Shares”) at a price of C$0.20 per Share for proceeds to the Company of C$2 million (the “Investment”).

The proceeds from the Investment will be used to acquire additional oil and gas rights in Mexico, fund capital expenditures and for general corporate purposes.

The Investment is subject to final acceptance by the TSX Venture Exchange. The Shares are subject to a hold period expiring on October 11, 2019, in accordance with applicable Canadian securities laws.

Renaissance continues to make progress on its journey to become a major Mexican energy producer.

RENAISSANCE OIL CORP.
Per:
Craig Steinke
Chief Executive Officer

For further information contact:
Craig Steinke, Chief Executive Officer  |  Tel: 1.604.536.3637
Kevin J. Smith, Vice President, Business Development  |  Tel: 1.403.200.9047

Abbreviations

bbl or bbls barrel or barrels Mcf thousand cubic feet
bbls/d barrels per day Mcf/d thousand cubic feet per day
boe barrels of oil equivalent MMcf million cubic feet
boe/d barrels of oil equivalent per day MMcf/d million cubic feet per day