Renegade Venture's Subsidiary, Hamilton Aerospace, Announces the Purchase, Sale and Delivery of a Boeing 767 Aircraft for Operation by Iraqi Airways

Business Wire, Dec 7, 2004

TUCSON, Ariz. -- Renegade Venture (NEV.) Corp. (OTCBB: RDVN) today announced that its wholly owned subsidiary, Hamilton Aerospace Technologies, purchased a former Air Canada Boeing 767-200EM aircraft from Pinnacle Aircraft Leasing Inc., and then resold the aircraft to Teebah Airlines, a Jordanian company, for end use by Iraqi Airways, the new flag carrier of Iraq. Hamilton Aerospace delivered this aircraft with a fresh maintenance check and reconfigured to Teebah's specifications. Hamilton Aerospace subcontracted a third-party maintenance facility to refurbish and paint this particular aircraft.

This Boeing 767-200EM is the third of a series of aircraft that Hamilton Aerospace anticipates providing to Teebah Airlines by the end of 2005 for operation by Iraqi Airways. The total value of the fleet of aircraft Hamilton anticipates delivering to Teebah Airlines is in excess of $25,000,000. The growing business relationship with Teebah Airlines is one of the principal reasons that Renegade Venture upwardly revised its 2004 financial guidance as announced by a press release on Oct. 6, 2004.

Alden Crowley, director of international sales for Hamilton Aerospace, stated, "We are very pleased to have successfully delivered this first wide body aircraft to augment the two 737-200 narrow body aircraft we previously delivered to Teebah Airlines for operation by Iraqi Airways. God willing, Hamilton Aerospace will be able to continue to successfully meet Teebah Airlines' future aircraft requirements. All of us at Hamilton feel honored and excited to have this opportunity, through the auspices of Teebah Airlines, to be able to play a positive role in the rebuilding of Iraq's national airline and the new Iraqi economy."

General Manager of Teebah Airlines Othman Al-Absi said, "Hamilton Aerospace continues to deliver cost-effective, quality aircraft configured exactly to our particular specifications. We are looking forward to building upon our excellent relationship with Hamilton and are counting on their continued capable assistance to support our evolving technical and operational requirements at Teebah Airlines and other end users we may be involved with."

About Renegade Venture

Through its Hamilton Aerospace and World Jet subsidiaries, Renegade provides parts support and maintenance, repair and overhaul (MRO) services for large passenger jet aircraft to scheduled and charter airlines and aviation leasing companies. Hamilton Aerospace and World Jet operate from adjacent facilities comprising about 30 acres located at Tucson International Airport. These facilities include hangars, workshops, warehouses, offices and other buildings. Notable customers include United Parcel Service, Falcon Air Express, Jetran International, Goodrich Corp., AAR, National Jet Systems, Pemco, San Antonio Aerospace, Pegasus Aviation, Northern Air Cargo and Asia Pacific Airlines.

Renegade's member Web site is located at www.renegadeventurecorp.com. The Hamilton Aerospace Web site is located at www.hamaerotech.com.

Except for the historical information presented, the above statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 or regulations thereunder. These forward-looking statements are subject to risks and uncertainties, and actual results may differ materially. These risks include the economic health of the airline industry, demand for Hamilton Aerospace's services, and competitive pricing pressures. In addition, other risks are detailed in Renegade's Form 10-KSB filed on April 15, 2003. These statements speak only as of above date, and Renegade disclaims any intent or obligation to update them.