DIVIDEND

Renegade is pleased to announce that it paid its first dividend of $0.019167 ($0.23 annualized) today, to shareholders of record on December 31, 2012.

Renegade is also pleased to announce that the cash dividend to be paid on February 15, 2013, in respect of January 2013 operations, for shareholders of record on January 31, 2013, will be $0.019167 per share ($0.23 annualized). This represents a 9.4% yield based on the January 14, 2013 closing price of $2.44 per common share. The ex-dividend date is January 29, 2013.

These dividends are designated as "eligible dividends" for Canadian income tax purposes.