January 5, 2021 – Vancouver, BC – Renaissance Oil Corp. (“Renaissance” or the “Company”) (TSX-V: ROE) (OTCQB: RNSFF) announces an update with respect to its option for a 50% working interest in a Petroleum Licence in the Kavango sedimentary basis, Botswana, Africa (the “Licence”), as previously announced (see news releases dated June 16, 2020 and September 16, 2020).

The holder of the Licence, Reconnaissance Energy Africa Ltd. (“ReconAfrica”), has announced that the Republic of Botswana has issued an updated Licence which excludes the Tsodilo Hills, a UNESCO World Heritage Site, such that the Licence area is now 8,990 km2 (2,221,000 acres) versus the previous 9,921 km2 (2,450,000 acres). ReconAfrica has stated that it never had plans for operations in the area of the Tsodilo Hills as it follows strict environment, social and governance protocols.

Craig Steinke
Chief Executive Officer

For further information contact:
Craig Steinke, Chief Executive Officer  |  Tel: 1.604.536.3637
Carlos Escribano, Chief Financial Officer |  Tel: 1.604.536.3637