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Rye Patch Gold Corp.

Publié le 24 septembre 2008

Drills 25 Feet Grading 2.2 Ounces/Ton Au at Lincoln Hill

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NEWS RELEASE
No. 08 - 21

Rye Patch Gold Drills 25 Feet Grading 2.2 Ounces/Ton Au at Lincoln Hill


Vancouver, British Columbia, September 24, 2008 - Rye Patch Gold Corp (TSX-V: RPM and RPM.WT) ("Rye Patch" or the "Company") is excited to release the assay results from the Company's exploration drilling program on the Lincoln Hill-Gold Ridge project. The exploration program cut multi-ounce gold and silver intersections in drillhole LR-013 including 25 feet grading 2.2 ounces/ton gold from 90 to 115 feet downhole. In addition, there were numerous significant gold intervals encountered in the program. A total of 8,375 feet (2,550 metres) in 18 reverse circulation drillholes were completed. Table 1 summarizes drill interval results, using a 0.01 opt (0.34 g/t) cutoff for intervals greater than 10 feet (3 metres), for drillholes LR-001 to LR-018.

TABLE 1: GOLD RIDGE-LINCOLN HILL PROJECT: 2008 REVERSE CIRCULATION DRILL PROGRAM
Drillhole Target Area Au Ag Drillhole interval From To Total Depth
oz/ton oz/ton Feet feet Feet (feet)
LR-001 Gold Ridge 0.011 0.289 20 235 255 600
LR-002 Gold Ridge NSV 400
LR-003 Lincoln Hill 0.040 0.213 15 135 150 350
LR-003 Lincoln Hill 0.017 0.140 20 190 210
LR-003 Lincoln Hill 0.028 0.158 10 245 255
LR-004 Lincoln Hill 0.012 0.050 20 225 245 350
LR-005 Lincoln Hill 0.011 0.054 10 10 20 550
LR-006 Lincoln Hill 0.018 0.115 15 0 15 550
LR-006 Lincoln Hill 0.012 0.196 30 95 125
LR-006 Lincoln Hill 0.015 0.047 35 265 300
LR-007 Lincoln Hill 0.012 0.378 35 50 85 400
LR-008 Lincoln Hill 0.013 0.232 10 95 105 380
LR-009 Lincoln Hill 0.030 0.248 40 45 85 370
Including 0.118 0.117 5 60 65
LR-009 Lincoln Hill 0.011 0.275 15 115 130
LR-009 Lincoln Hill 0.053 1.656 45 150 195
Including 0.127 0.245 5 150 155
Including 0.085 6.329 10 180 190
LR-010 Lincoln Hill 0.025 7.426 30 25 55 500
LR-010 Lincoln Hill 0.016 1.808 10 70 80
LR-011 Lincoln Hill 0.010 3.121 10 275 285 285
LR-012 Lincoln Hill 0.011 0.155 45 230 275 500
LR-013 Lincoln Hill  0.792 1.000 70 75 145 525
Including  2.200 2.400 25 90 115
LR-013 Lincoln Hill 0.011 1.000 30 325 355
LR-013 Lincoln Hill 0.025 1.100 20 390 410
LR-014 Lincoln Hill 0.033 0.699 15 70 85 400
LR-014 Lincoln Hill 0.020 1.125 15 130 145
LR-015 Lincoln Hill NSV 245
LR-016 Lincoln Hill NSV 500
LR-017 Lincoln Hill 0.015 0.049 15 225 240 970
LR-017 Lincoln Hill 0.022 0.098 35 330 365
LR-017 Lincoln Hill 0.025 0.023 10 455 465
LR-017 Lincoln Hill 0.029 0.830 15 855 870
LR-018 Lincoln Hill 0.069 0.171 55 75 130 500
Including 0.196 0.201 15 90 105
LR-018 Lincoln Hill 0.034 0.324 45 155 200
LR-018 Lincoln Hill 0.010 0.149 45 215 260
LR-018 Lincoln Hill 0.011 0.932 30 295 320
NSV = No Significant Values       TOTAL FOOTAGE 8,375

The Lincoln Hill drilling intersected significant gold and silver assays; however, several drillholes had significant silver assays that did not make the rigorous cut-off criteria of Table 1 because gold values are below the gold cut-off grade. These drillholes include LR-010 which cut 75 feet grading 3.396 opt Ag starting at 25 feet, drillhole LR-016 which intersected 3 zones - 55 feet grading 0.605 opt Ag, 45 feet grading 1.059 opt Ag, and 25 feet grading 1.152 opt Ag starting at 15, 140, and 330 feet respectively. Similar silver zones were also encountered in drillholes LR-007, LR-011 and LR-012.

Drilling completed at the adjacent pediment zone located within the Gold Ridge portion of the property indicates a potential new discovery. The pediment target intersected mineralized Tertiary fanglomerate similar to the Colado deposit at Wilco. This target has never been addressed and offers potential for a new discovery on the project. A drillhole location map is available on the company's website at www.ryepatchgold.com.

"These are truly phenomenal results for our first drill program on the Lincoln Hill - Gold Ridge property. The new drill intercepts on the Lincoln Hill target show the gold and silver mineralization are related to northeast structures that contain significant high-grade gold and silver values. The pediment target located on the west side of the property is within a similar geologic environment as the Colado deposit located at Wilco and could prove to have significant size. With Lincoln Hill-Gold Ridge and Wilco located within 20km of each other along easy access, the potential exists for a mining district with multiple mining operations. Similar examples exist in Nevada where a single operator has several deposits within a radius of a single mill and administration. Without getting ahead of ourselves, this drilling certainly demonstrates the merits of the project, and additional work is very much warranted", exclaimed Rye Patch's CEO and President, William C. (Bill) Howald.

At this time drill rigs are operating at Wilco and Jessup. These programs are scheduled to be completed at the end of September. The Company will have additional drill results for Wilco and Jessup over the next 10 weeks.

As released on the Company's Wilco project on May 12, 2008, and on the Jessup project in December 11, 2007, Rye Patch Gold now holds 779,517 ounces of gold and gold equivalent in the measured and indicated category plus 1,151,776 ounces of gold and gold equivalent in the inferred category. The table below summarizes the resources for Rye Patch Gold's advance projects.

Table 2: Rye Patch Gold's NI43-101 Gold Resource Inventory
RYE PATCH GOLD RESOURCES
Property Resource
Category1
Tons
(X 1,000)
Gold
Grade
opt
Silver
Grade
opt
Contained
Gold
Ounces
Contained
Silver
Ounces
Contained
Gold & Gold Equiv.
Ounces3
Wilco2 Measured
Indicated
Inferred
8,091
32,950
99,978
0.018
0.015
0.011
NC
NC
NC
146,701
478,816
1,124,776
NC
NC
NC
146,701
478,816
1,124,776
Jessup2 Measured
Indicated
Inferred
0
5,423
1,265
0
0.022
0.017
0
0.31
0.23
0
120,000
22,000
0
1,655,000
286,000
0
154,000
27,000
Total Measured Resources
Total Indicated Resources
Total Inferred Resources
146,701
598,816
1,146,776
0
1,655,000
286,000
146,701
632,816
1,151,776
1 Conforms to 43-101 definitions for resources. All numbers are rounded.
2 Cutoff grade for Willard Measured and Indicated resource is reported at 0.0056 opt Au for oxide mineralisation and 0.042 opt Au for sulphide mineralisation. The Inferred resource is reported at 0.0056 opt Au for oxide, sulphide and carbonaceous ore types; however, a higher opt Au cut-off grade may be required to upgrade the inferred resource to the measured and indicated resource category. Cutoff grade for Jessup is 0.01 oz Au/t for oxide mineralisation, 0.015 oz Au/t for mixed material, and 0.025 oz Au/ton for all unoxidised material;
3 Jessup Resource includes Au equivalent ounces (50g/t Ag = 1g/t Au). NC = not calculated

Mr. William Howald, AIPG Certified Professional Geologist #11041, Rye Patch Gold's CEO and President, is the Qualified Person as defined under National Instrument 43-101. He has verified the information and has reviewed and approved the contents of this news release.

Mr. Shea Clark-Smith is overseeing the gold assay and geochemical quality control and assurance programs for Rye Patch Gold's drill programs at Wilco, Jessup and Lincoln Hill. He is responsible for creating, administering, and monitoring sample preparation and analytical QA/QC procedures for the drilling program. In sum, the QA/QC procedures will provide several measures of data quality and assure the Company that the data is representative of the original sample.

Rye Patch Gold maintains a strict quality control program at all of its projects. ALS Chemex collects the Wilco, Lincoln Hill-Gold Ridge, and Jessup drill samples onsite and transports the samples directly to the ALS Chemex's preparation and analysis facility located in Reno, Nevada. Analyses are conducted on 1-assay ton prepped samples with gold determined using industry standard fire assay methods, with an atomic absorption finish.

Rye Patch Gold Corp. is a Nevada-focused and discovery-driven company building a sizeable inventory of gold resource assets in the mining friendly state of Nevada, USA. The Company's seasoned management team is engaged in acquisition, exploration and development of quality resource-based gold projects. Rye Patch Gold is developing its primary assets - the advanced-stage Wilco project located within the Humboldt Gold Trend in west-central Nevada and the Jessup project in Churchill County, Nevada. The Company is seeking gold opportunities that continue to create shareholder value and leverage the gold price. The Company's goal is to have 5-million ounces of gold inventory within the next 3 years. For more information about Rye Patch Gold, please visit our website at www.ryepatchgold.com.

On behalf of the Board of Directors
'William Howald'
William C. (Bill) Howald, CEO & President

For additional information contact:

Rye Patch Gold Corp
Karen Robb, Manager, Investor Relations
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589
www.ryepatchgold.com

Renmark Financial Communications Inc.
Christine Stewart, Senior Account Manager
cstewart@renmarkfinancial.com
Tel.: (416) 644-2020
Fax: (416) 644-2021
www.renmarkfinancial.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

View News Release in PDF Format:
http://www.ryepatchgold.com/i/pdf/2008-09-24_NR.pdf
94 KB in size, approx. 18 seconds to download at 56.6Kbps

Suite 1740 - 1177 West Hastings St., Vancouver, BC, V6E 2K3, Canada
Phone 604-638-1588    Fax 604-638-1589    www.ryepatchgold.com

Rye Patch Gold Corp.

EXPLORATEUR
CODE : RPM.V
ISIN : CA7837271005
CUSIP : 783727 10 0
Suivi et investissement
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Rye Patch Gold est une société d’exploration minière d'or basée au Canada.

Rye Patch Gold détient divers projets d'exploration en USA.

Ses principaux projets en exploration sont LINCOLN HILL, JESSUP, WILCO, GARDEN GATE PASS et GOLD RIDGE NEVADA en USA.

Rye Patch Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 410,5 millions CA$ (318,7 millions US$, 273,4 millions €).

La valeur de son action a atteint son plus bas niveau récent le 20 février 2009 à 0,10 CA$, et son plus haut niveau récent le 19 janvier 2018 à 1,66 CA$.

Rye Patch Gold possède 387 300 000 actions en circulation.

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Financements de Rye Patch Gold Corp.
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15/12/2009Announces Private Placement
15/12/2008Announces Private Placement
16/05/2008Rye Patch Announces Follow-Up Private Placement
16/05/2008Rye Patch Closes $1.25 Million Private Placement
Attributions d'options de Rye Patch Gold Corp.
11/06/2008Grants Stock Options
Nominations de Rye Patch Gold Corp.
22/10/2007Hires Manager Of Investor Relations
Projets de Rye Patch Gold Corp.
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16/05/2011Resource Clips: Rye Patch Works Toward Eight Million Nevada ...
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20/04/2011(Jessup)Adds Jessup to 2011 Program and Budget
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17/02/2011(Wilco)Announces 2011 Programs and Budgets for Nevada Portfolio
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28/07/2010Leases Wilco Geothermal Rights
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26/02/2010has been added to GoldMinerPulse.com
10/02/2010Executes Definitive Agreement with Centerra Gold (U.S.) Inc....
21/10/2009Coverage in the Gold Newsletter
28/11/2008Announces Release Of Previously Escrowed Securities
04/11/2008TSX Venture Exchange Advances Rye Patch Gold To Tier 1 Statu...
24/09/2008Drills 25 Feet Grading 2.2 Ounces/Ton Au at Lincoln Hill
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19/08/2008Reports Lincoln Hill - Gold Ridge Drilling Complete
29/07/2008Reports On The Wilco Drill Program
10/07/2008Begins Drilling On Lincoln Hill And Gold Ridge
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28/05/2008to be featured on CEO Clips airing on BNN
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03/04/2008 Retains Renmark Financial Communications
28/02/2008Releases Project Programs And Budgets For 2008
06/02/2008Options Cortez Trend Gold Play From Barrick
19/11/2007Acquires Rights to Lincoln Hill Property, Nevada and Consoli...
17/10/2007Expands Section Line Discovery on Wilco Project
03/10/2007Completes Acquisition Of The Jessup Project, Nevada From Mid...
25/09/2007Drills 21 Metres of 2.74 g/t Gold New Gold Zone on Wilco Pro...
06/09/2007Doubles Wilco Gold Resource
21/08/2007Acquiring The Jessup Project, Nevada From Midway Gold Corp.
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