Encore Renaissance Resources Corp.: Plans $5,000,000 Financing

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 31, 2009) – ENCORE RENAISSANCE RESOURCES CORP. (TSX VENTURE:EZ)(FRANKFURT:OUH1)(PINK SHEETS:ERRCF) – The Company wishes to announce that it has entered into private placements for the sale of up to 25,000,000 units at $0.20 per unit for a total of $5,000,000, where each unit consists of one common share of the Company and one-half of one whole share purchase warrant and each whole share purchase warrant shall have a one year term from the date of issuance for the purchase of one further common share of the Company at the exercise price of $0.50.

The Company shall use the proceeds of the offering for general working capital.

A finder’s fee of a combination of cash, shares and/or warrants will be paid to eligible finders in relation to this financing, all i