Renegade Venture's Hamilton Aerospace Technologies Delivers Second Falcon Aircraft.

Business Editors

Renegade Venture (NEV.) Corporation (OTCBB:RDVN), a public Nevada corporation, announced that its wholly owned subsidiary, Hamilton Aerospace Technologies, Inc. has delivered the 2nd B727-200 for Falcon Air Express, of Miami, FL ahead of schedule. The work involved a "C2" inspection, interior refurbishment and paint. "The early delivery of this aircraft allows us to place the aircraft back into service and start generating revenue earlier than we expected," says Emilio Dirube, President of Falcon Air Express. The work is valued at more than $550,000.00.

Other work currently underway at Hamilton Aerospace Technologies:

-- A triple engine change and flight test on a B727-200 for a large European express freight company.

-- Repair of hail damage on fuselage and flight control surfaces of a B727-200 for a large US aircraft leasing company.

-- Hamilton Aerospace Technologies is in the process of delivering its 2nd B737-200A for JODA LLC, of St. Louis, MO. Hamilton Aerospace Technologies' newly formed FLIGHT OPS department is preparing the aircraft for delivery to an airline headquartered in Istanbul, Turkey.

About Hamilton Aerospace Technologies

Hamilton Aerospace provides maintenance, engineering and modifications for large passenger jet aircraft. Clients include scheduled and charter airlines, aviation leasing companies and government entities. The Federal Aviation Administration (FAA) on May 6, 2002, awarded Hamilton Aerospace its own Part 145 Air Agency Certificate, which allows it to perform such services. Hamilton Aerospace operates from leased facilities comprising about 21 acres located at the Tucson International Airport. These facilities include hangars, workshops and other buildings.

Hamilton Aerospace's business is growing fast. Since April 15th, it has signed service contracts with an estimated total value of more than $5 million in scheduled services, including a contract with Falcon Air Express covering seven Boeing 727-200 aircraft. Hamilton Aerospace is aggressively negotiating contracts with airlines, leasing companies and even aircraft manufacturers. Based on current negotiations and anticipated contract signings, Hamilton Aerospace expects to do a minimum of $30 million in the next 12 months.

Hamilton Aerospace commenced operations on April 15, 2002, when it executed an agreement to acquire certain assets of Hamilton Aviation, Inc., a company formed in 1946 ("HAI"), and has been operating its business through a subcontract relationship with HAI. Hamilton Aerospace now controls the assets, equipment and physical facilities needed for its business, and has the employees, from senior management down to the workbench, who can handle the full range of business that Hamilton Aerospace expects to take in. Hamilton Aerospace also expects to sign its own lease for the Tucson International Airport facilities in June 2002.

Hamilton's website can be found at http://www.hamiltonaerospacetechnologies.com.

Except for the historical information presented herein, the matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995, or by the Securities and Exchange Commission in its rules, regulations, and releases. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks include the economic health of the airline industry and concomitant demand for Hamilton's services, competitive pricing pressures for Hamilton's services, and the availability of financing to complete management's plans and objectives. In addition, other risks are detailed in Renegade's current report on Form 8-K filed on May 9, 2002. These forward-looking statements speak only as of the date hereof. Renegade disclaims any intent or obligation to update these forward-looking statements.