REC Record Resources Inc

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THE UNITED STATES


Reliant Gold Corp. ("Reliant" or the "Company") (TSX VENTURE:REC) is pleased to
announce that it has completed a non-brokered private placement of 800,000 units
(the "Units") raising aggregate gross proceeds of $100,000 (the "Unit
Offering"). Each Unit was issued at a price of $0.125 and consists of one common
share of Reliant and one common share purchase warrant (the "Warrant"). Each
Warrant entitles the holder thereof to purchase one common share of Reliant (a
"Warrant Share") at a price of $0.15 per Warrant Share at or before 5:00 p.m. on
July 18, 2013. 


The Unit Offering was fully subscribed. The common shares and Warrants
comprising the Units issued pursuant to the Unit Offering and the common shares
issuable on the exercise of the Warrants will be subject to a four-month
restricted resale period, which will expire on November 18, 2011.


The Company received conditional acceptance for the Unit Offering from the TSX
Venture Exchange ("Exchange") on July 13, 2011, and the Company expects to file
all final documents with the Exchange on an expedited basis in order to obtain
final acceptance. 


Reliant plans to use the proceeds from the Unit Offering for corporate overhead
expenditures and for property option payments in relation to one or more of the
Company's previously disclosed property option agreements.


No cash commission or compensation of any other kind was paid in relation to the
above-noted Unit Offering, and the Company has previously disclosed all material
information relating to the Company.


Due to the fact that certain insiders of the Company subscribed for Units
pursuant to the Unit Offering, the Unit Offering was a "related party
transaction" for the purposes of Multilateral Instrument 61-101 - Protection of
Minority Security Holders in Special Transactions ("MI 61-101"). The Company has
relied upon on the exemptions from the valuation and minority approval
requirements of MI 61-101 contained in paragraph (a) of Section 5.5 and
paragraph (1)(a) of Section 5.7, respectively, of MI 61-101, as neither the fair
market value of the Unit Offering of nor the fair market value of the
consideration for the Unit Offering exceeded 25% of the Company's market
capitalization.


The Unit Offering closed today, prior to the issuance of a material change
report in respect thereof, as the Company required the working capital provided
by the proceeds of the Unit Offering immediately.


This press release is not an offer to sell or a solicitation of an offer to buy
the securities, nor shall there be any sale of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to qualification or registration under the securities laws of such jurisdiction.
The Units being sold pursuant to the Unit Offering have not been and will not be
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons except in certain transactions exempt from the
registration requirements of the United States Securities Act of 1933, as
amended.


ABOUT RELIANT

Reliant is a junior mineral exploration company with an experienced management
team engaged in the acquisition, exploration and development of properties for
the mining of precious and base metals and uranium. The Corporation holds: (i)
an option to acquire a 100% interest in the MC Dalhousie Property located in
northwestern British Columbia, Canada; (ii) an option to acquire a 100% interest
in the North Nonacho Property in the vicinity of Nonacho Lake, Northwest
Territories, Canada; (iii) an option to acquire a 100% interest in the Esten
Property located 10 km south of Elliott Lake, Ontario, Canada, as well as 16
units staked by the Company contiguous to the Esten Property; and (iv) a 100%
interest in the Borden Lake South Property, comprised of 288 claims, located 10
km east of town of Chapleau, Ontario. The common shares of Reliant trade on the
TSX Venture Exchange under the stock symbol "REC". The Company has 20,502,777
common shares issued and outstanding.


FORWARD-LOOKING STATEMENTS

Certain statements in this press release may constitute "forward-looking"
statements which involve known and unknown risks, uncertainties and other
factors which may cause actual results, performance or achievements of Reliant
or the industry in which it operates to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. When used in this press release, the words
"estimate", "believe", "anticipate", "intend", "expect", "plan", "may",
"should", "will", the negative thereof or other variations thereon or comparable
terminology are intended to identify forward-looking statements. Such statements
reflect the current expectations of the management of Reliant with respect to
future events based on currently available information and are subject to risks
and uncertainties that could cause actual results, performance or achievements
to differ materially from those expressed or implied by those forward-looking
statements. These risks and uncertainties are detailed from time to time,
including, without limitation, under the heading "Risk Factors", in continuous
disclosure documents filed by Reliant from time to time with the Ontario,
British Columbia and Alberta Securities Commissions which are available at
www.sedar.com and to which readers of this press release are referred for
additional information concerning Reliant, its prospects and the risks and
uncertainties relating to Reliant and its prospects. New risk factors may arise
from time to time and it is not possible for management to predict all of those
risk factors or the extent to which any factor or combination of factors may
cause actual results, performance and achievements of Reliant to be materially
different from those contained in forward-looking statements. Although the
forward-looking statements contained in this press release are based upon what
management believes to be reasonable assumptions, Reliant cannot assure
investors that actual results will be consistent with these forward-looking
statements. Given these risks and uncertainties, investors should not place
undue reliance on forward-looking statements as a prediction of actual results.


The forward-looking information contained in this press release is current only
as of the date hereof. Reliant does not undertake or assume any obligation,
except as required by law, to release publicly any revisions to these
forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.

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