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Rye Patch Gold Corp.

Publié le 29 juillet 2008

Reports On The Wilco Drill Program

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NEWS RELEASE
No. 08 - 18

Rye Patch Gold Reports On The Wilco Drill Program

News Release No. 08 - 18
Vancouver, British Columbia, July 29, 2008 - Rye Patch Gold Corp (TSX-V: RPM and RPM.WT) ("Rye Patch" or the "Company") reports that 3,540 metres (11,615 feet) of drilling in 14 drillholes has now been completed on the 8,000-metre (26,250-feet) phase-2 Wilco project drilling program. To date, the drilling has been centered on the new Section Line discovery in the Willard mine area. Drilling is also planned and permitted at the old Willard mine, South Willard and Area 46 target areas described in the Company's June 17, 2008 press release. Eklund drilling of Elko, Nevada is completing the work.

"It is impressive that step-out drilling in the Section Line discovery area is intersecting the mineralized zones as predicted - giving our geologic model a high level of confidence. I believe the new drilling will expand the Section Line discovery and will add additional ounces to the existing Willard resource. In addition, we have identified a second east-northeast structural zone that may be an additional feeder to the flat-lying strataform gold zone in the Section Line area. At this time, we are enthusiastically awaiting assay results. I am also encouraged by the South Willard, old Willard mine and Area 46 targets. These targets contain similar geology and mineralized structural zones that could yield additional gold to the Wilco resource", postulated Rye Patch's CEO and President, William C. (Bill) Howald.

Drilling on the Company's 100% owned Lincoln Hill-Gold Ridge project commenced on July 11, 2008. An update of this program will be forthcoming.

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


Dr. Radu Conelea, AIPG Certified Professional Geologist #06871, Rye Patch Gold's Chief Geologist, is the Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical work on the exploration program. He has verified the information and has reviewed and approved the contents of this news release.

Rye Patch Gold maintains a strict quality control program at all of its projects. ALS Chemex collects the Wilco and Lincoln Hill-Gold Ridge 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:

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

Renmark Financial Communications Inc.
Christine Stewart, Account Manager
cstewart@renmarkfinancial.com
Tel.: (514) 939-3989
Fax: (514) 939-3717
www.renmarkfinancial.com

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

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
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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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04/11/2008TSX Venture Exchange Advances Rye Patch Gold To Tier 1 Statu...
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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
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17/10/2007Expands Section Line Discovery on Wilco Project
03/10/2007Completes Acquisition Of The Jessup Project, Nevada From Mid...
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21/08/2007Acquiring The Jessup Project, Nevada From Midway Gold Corp.
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