RENASCOR RESOURCES LIMITED — AGM Information 2011

Nov 16, 2011

Renaissance Uranium

Annual General Meeting Presentation

17 November 2011

Important notice

Forward Looking Statements

This Presentation may include statements that could be deemed "forward-looking" statements. Although Renaissance UraniumLimited (the "Company") believes the expectations expressed in such forward-looking statements are based on reasonableassumptions, such statements are not guarantees of future performance and actual results or developments may differ materiallyfrom those expected in the forward-looking statements or may not take place at all.

No Offer to Sell or Invitation to Buy

This Presentation is not, and should not be considered to, constitute any offer to sell, or solicitation of an offer to buy, any securitiesin the Company, and no part of this Presentation forms the basis of any contract or commitment whatsoever with any person. TheCompany does not accept any liability to any person in relation to the distribution or possession of this Presentation from or in anyjurisdiction.

Disclaimer

Whilst care has been exercised in preparing and presenting this Presentation, to the maximum extent permitted by law, theCompany and its representatives make no representation, warranty or undertaking, express or implied, as to the adequacy, accuracy, completeness or reasonableness of this Presentation; accept no responsibility or liability as to the adequacy, accuracy, completeness or reasonableness of this Presentation; and accept no responsibility for any errors or omissions from thisPresentation

Receipt of this Presentation

If the recipient of this Presentation has signed any confidentiality or similar agreement covering information of the type hereincontained, then the Presentation and all information thereinis received subject to that agreement(s).

Competent Persons Statement

The exploration results in this Presentation, insofar as they relate to mineralisation, are based on information compiled by Mr G. W. McConachy (fellow of the Australasian institute of Mining and Metallurgy) who is a director of the Company. Mr McConachy hassufficient experience relevant to the style of mineralisation and type of deposits being considered to qualify as a competent personas defined by the 2004 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves(the JORC code, 2004 edition). Mr McConachy consents to the inclusion in the report of the matters based on his information in theform and context in which it appears.

Corporate

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Highlights

• • Listed in December 2010
  • o$8 million raised in oversubscribed IPO
  • oFocus: sandstone-hosted uranium, IOCGU
• • Successful transition from greenfield to advanced, drill-stage
  • oNear-term gold (Cutana)
  • oISR-amenable uranium (Pirie Basin)
  • oIOCGU (Glensea and Gairdner)
• • Additional projects advanced toward imminent drilling
• •+4,000 km2 acquired since listing
• •Next stage is fully funded

Drilling at Pirie Basin Project

Multiple opportunities for imminent discoveries

MarketShare performance

• • Impact of nuclear accident at Fukishima Daiichi nuclear plant in Japan
  • o As greenfield uranium explorer, RNU share price acutely impacted
• • Uranium price outlook strong in medium and long-term, but short-term uncertain
• • RNU exploration strategy remains focused on near-term economic discoveries
• • 2011 exploration program delivers results in uranium, but also gold and IOCGU
• • Multi-commodity projects offer best chance for near-term value

Projects Overview

• • 10 projects, +18,000 km2 in South Australia and the Northern Territory
• • 2011 focus: transition from greenfield to advanced development through initial drill programs
  • oPirie Basin (uranium)
  • oCutana (gold)
  • oGlensea (IOCGU)
• • Reconnaissance-stage projects being prepared for near-term drill programs

South Australian Projects

Pirie Basin ProjectOverview

• • Location: Southern Gawler Craton (SA)
• • Tenements: EL 4400 (100%), EL 3978 (earning 75%)
• •Area: 734 km2
• • Target: Sandstone-hosted, ISR uranium
• • Key 2011 exploration activities
  • oDetailed gravity survey
  • o 4,300 metre rotary mud drill program

Pirie Basin Project

Goal: Locate Mullaquana-style, ISR-amenable uranium

RenaissanceUranium

Strictly confidential 7

Pirie Basin ProjectComparison to Mullaquana uranium deposits

• • Mullaquana: 42 million pound JORC inferred resource (USA ASX release 27 Oct. 11)
• •Two ore bodies north of RNU's project area
• • Owner, UraniumSA (ASX: USA), in development phase
• • Recent USA reports (from USA ASX release 27 Oct. 11):
  • •Near-term production (2013)
  • •Robust financial returns

Production model	400tpa(tonnes perannum)	600tpa(tonnes perannum)	800tpa(tonnes perannum)
Project Capital AUS	S 71.4M	$75.8M	$80.1M
Operating Cost AU$/lb U 3 O 8	$30.30	$25.90	$23.90
Payback period, years	4.9	3.5	2.9
Net Present Value @ 8% discount rate	$52.9M	$134.7M	$212.6M
Internal Rate of Return	22%	39%	52%

Mullaquana financial model (from USA ASX release 27 Oct. 11)

Pirie Basin Project, showing initial drill target region in relation to Mullaquana deposits

Pirie Basin ProjectISR-amenable host sequences

• • Thick sequences of ISR-amenable Eocene sands and Miocene calcareous sands in all 26 holes in the eastern target zone
• • Same host sequences as Mullaquana deposits
• • Developed over significant thickness (up to 60 metres)
• • Well-suited for ISR mining

Pirie Basin Project. Drill cuttings (2 metre samples) from Hole 11RPBRM13 showing the varying oxidation states of the Pirie Basin sequence

Pirie Basin ProjectElevated uranium intersections

• • Within primary 10 x 30 km target zone, 26 rotary mud holes completed at 2 km intervals
• • Elevated gamma response (≥75 ppm eU3O8) in 18 holes
• • Peak (+100 ppm eU3O8) responses in basement clays
• • Uranium-mineralised sands in multiple holes

Pirie Basin Project. Drill hole locations in main target area over eastern portion of EL 3978, overlaying gravity image

Drilling confirms expansive Mullaquana-style prospectivity

Cutana Project Overview

• • Location: Southern Curnamona Province (SA)
• •Tenement: EL 4394 (100%)
• •Area: 782 km2
• •Target: Gold
• • Key 2011 exploration activities
  • o Close-spaced, multi-element geochemistry
  • oDrilling currently underway

Cutana Project. Detailed sampling and defined gold prospects

Goal: Locate shallow, White Dam-style gold deposits

RenaissanceUranium

Strictly confidential 11

Cutana Project Soil geochemical results

Soil gold results for Cutana Project, merged with open file data for Exco and Polymetal's Vertigo and Ambush gold prospects

• •Multiple zones of strongly anomalous gold
• • Comparable gold geochemistry to Exco and Polymetal's Vertigo and Ambush prospects

Duffers Dam. Soil gold image and contours

Heinrichs. Soil gold contours on ground magnetic image

Cutana Project Drilling

• • 4,000 metre reverse circulation drillprogram underway
• • To test five prospects from infill sampling
• • To continue through December/January
• • Initial results expected 1st Quarter 2012

Drilling at Cutana Project

Glensea Project Overview

• • Location: Southern Gawler Craton (SA)
• • Tenement: EL 3978 (earning 75%)
• •Area: 50 km2
• •Target: IOCGU
• • Key 2011 exploration activities
  • o Rotary mud drilling at Pirie Basin Project intersects strong copper
  • o Follow-up core drilling intersects hematite alteration, with elevated copper, uranium and REE

Glensea Project. Drill holes, showing copper intersection on magnetic image with Bouguer residual gravity contours

Excellent potential for IOCGU deposit in Glensea gravity and magnetic complex

Glensea Project Aeromagnetic signature

Comparison of regional magnetic image showing Glensea drill-hole 11RPBRD06 (with gravity contours over Glensea Prospect)(left) and Carrapateena IOCGU deposit (right)

• •Strongly elevated copper intersected
• • Follow-up core drilling intersects hematite alteration, supporting IOCGU potential
• • Large scale magnetic anomalies analogous to Carrapateena
• • IOCGU potential along untested magnetic margins
• • Next step: more detailed gravity to define hematite drill targets

Reconnaissance Projects Gairdner

• •Location: Central Gawler Craton (SA)
• •Tenement: EL 4775 (100%)
• •Area: 908 km2
• • Targets: IOCGU or poly-metallic skarnstyle
• • Ground magnetic survey delineates area of strong magnetic relief parallel to the inferred margin of intrusive Hiltaba granites
• • Untested magnetic anomaly shows similarities to Earnest Henry IOCGU signature
• • Currently seeking approvals to drill magnetic anomaly

Gairdner Project. Geology imposed on magnetic image

Reconnaissance Projects Outalpa

Outalpa Project, showing proximity to Cutana Project and White Dam

• • Location: Southern Curnamona Province (SA)

• •Tenements: EL 4399 (100%)

• •Area: 287 km2

• •Target: Gold

• • Limited soil sampling earlier this year targeting uranium and copper returned elevated gold

• • Provides complementary gold targets for nearby Cutana Project

Reconnaissance Projects Tanners Dam

• •Location: Central Gawler Craton (SA)
• •Tenement: ELA 2410 (100%)
• •Area: 357 km2
• •Target: Volcanic-hosted uranium
• • Geologic similarity to Stretsolska, Russia's preeminent uranium region
  • • Felsic lava pile above Hiltaba granite magma chamber
• • Magnetic lows, coincident with radiometric highs and positive gravity anomalies
• • Licence application recently granted, permitting exploration work to commence in 2012Tanners Dam. Aeromagnetic image

Yearahead

• • Active news flows from multiple projects
  • oCutana: results from current drill program
  • oPirie Basin: resumption of drilling
  • oIOCGU: Glensea and Gairdner
• • Adding value through on-going business development
  • oNew tenement applications
  • oCorporate opportunities
• •Funded to pursue programs – $6.7 million cash
• • Having advanced through initial stages, now present multiple opportunities for imminent economic discoveries