evm20-07_evm-ren_merger_june_10

Vancouver, B.C. June 10, 2020 (TSX-V: EVM) Evrim Resources Corp. (“Evrim” or the “Company”) and Renaissance Gold Inc. (TSX.V:REN, OTCQB:RNSGF) (“Renaissance”) are pleased to announce that they have entered into an agreement (the “Arrangement Agreement”) to combine in a merger-of-equals (the “Transaction”) in which Evrim will acquire all of the outstanding common shares of Renaissance through a share exchange transaction to create a new company, to be named Orogen Royalties Inc. Orogen will focus on project generation as has been the history of both Evrim and Renaissance but with a renewed focus on organic royalty creation and royalty acquisition. Under the terms of the Arrangement Agreement, each Renaissance share will be exchanged for 1.2448 Evrim shares, which will result in Renaissance and Evrim shareholders each holding 50% of the issued and outstanding shares of Orogen Royalties Inc.