TORONTO, ONTARIO--(Marketwire - Dec. 12, 2012) - Ryan Gold Corp. (News - Market indicators) ("Ryan Gold" or the "Company") announces that the Company's Board of Directors has appointed David Schmidt as the Company's Interim President effective as of December 11, 2012. Mr. Schmidt is currently also the Interim Chief Executive Officer and replaces Shawn Ryan, who has resigned as President. Over the next few months, Mr. Ryan will work with the Company in a transitional capacity and will be available to consult as needed.

Murray John, Executive Chairman of Ryan Gold, commented: "On behalf of the Board of Directors I would like to thank Mr. Ryan for his contributions to the Company and wish him well as he works on his own projects in the future."

This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the appointment of a new officer of the Company and the Company's strategy going forward. Although the Company believes that such statements are reasonable, it can give no assurances that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, will, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to, reliance on key personnel, variations in the nature, quality and quantity of any mineral deposits that may be located, significant downward variations in the market price of any mineral that may be produced, the Company's inability to obtain any necessary permits, consents or authorizations required for its activities, to produce minerals from its properties successfully or profitability, to continue its projected growth, to raise the necessary capital or to be fully able to implement its business strategies. All of the Company's public disclosure filings may be accessed via www.sedar.com and readers are urged to review these materials, including any technical reports filed with respect to the Company's mineral properties. This press release is not, and is not to be construed as an offer to buy or sell securities in the United States.