Renaissance Completes Non-Brokered Private Placement With Technical Team

VANCOUVER, Dec. 4, 2017 /CNW/ - Vancouver, BC – Renaissance Oil Corp. (the "Company") (TSX-V: ROE) is pleased to announce it has completed its non-brokered private placement of 4 million units with certain members of its technical team, at a price of C$0.25 per unit for aggregate gross proceeds of C$1 million (the "Offering"). Each unit comprises one common share of the Company (a "Share") and one Share purchase warrant (a "Warrant"), each Warrant exercisable to acquire one additional Share of the Company at a price of C$0.50 until December 4, 2022.

The proceeds, from the Offering, will be used to develop the Company properties in Mexico and for general corporate purposes.

All securities issued, pursuant to the Offering, will be subject to a hold period expiring on April 5, 2018.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities mentioned in this press release have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold within the United States except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

Renaissance Oil Corp.

Per:

Craig Steinke
Chief Executive Officer

Cautionary Note Regarding Forward-Looking Statements
This news release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including, without limitation, statements with respect to the anticipated use of proceeds from the Offering. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments that the Company expects to occur; they are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Certain material assumptions regarding such forward-looking statements are discussed in this news release and the Company's annual and quarterly management's discussion and analysis filed at www.sedar.com. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Renaissance Oil Corp.