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Rye Patch Announces Adoption of Advance Notice Policy for Election of Directors

Vancouver, British ColumbiaApril 28, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces it will hold its annual general meeting of shareholders at 10:00 am PDT on June 4, 2015 at Suite 1740 – 1177 West Hastings Street, in Vancouver, BC. April 30, 2015 has been fixed as the record date for determining shareholders entitled to vote at the meeting.

Rye Patch also announces the approval by its Board of Directors of an advance notice policy. This requires advance notice to the Company where nominations of persons for election to the Board of Directors are made by shareholders other than pursuant to the requisition of a meeting or a shareholder proposal. The purpose of the policy is to provide shareholders, directors and management of Rye Patch with a clear framework for nominating directors of the Company. This will ensure that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees, facilitate an orderly and efficient shareholders’ meeting and allow shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation.

The advance notice policy fixes a deadline by which holders of record of common shares of the Company must submit director nominations in writing to the Company prior to any annual or special meeting of shareholders at which directors are proposed for election, and sets forth the information that a shareholder must include in the notice to the Company. No person will be eligible for election as a director of Rye Patch unless nominated in accordance with the advance notice policy.

Notice to the Company must be provided not less than 30 days and not more than 65 days prior to the date of an annual general meeting provided, however, that in the event the annual general meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be provided not later than the close of business on the 10th day following such public announcement.

In the case of a special meeting of shareholders which is not also an annual meeting, notice to the Company must be made not later than the close of business on the 15th day following the date on which the first public announcement of the date of the special meeting was made.

For the upcoming annual meeting of shareholders, any notice delivered to the Company prior to the close of business on May 8, 2015 shall be deemed to have been timely delivered.

The advance notice policy is effective immediately and will be placed before shareholders for approval at the annual meeting on June 4, 2015. The full text of the policy is available under the Company’s profile at www.sedar.com and on the Company’s website.

The advance notice policy will remain in effect unless amended or rejected by shareholders at the meeting.

About Rye Patch Gold Corp.

Rye Patch Gold Corp. is a Tier 1, well-funded junior mining company led by a seasoned management team that has participated in major discoveries totalling over 100-million ounces of gold. The team is engaged in the acquisition, exploration and development of quality resource-based gold and silver projects along the emerging Oreana trend and the prolific Cortez trend. Benefitting from its strong financial position, the Company’s strategy is to balance development and exploration risk, creating value by:

  • Advancing the Lincoln Hill project toward production;
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
  • Seeking new project opportunities and accretive transactions.

The Company’s cash and cash flowing royalty allow for progress without dilution to shareholders. For more information about the Company, 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

April 28th, 2015|

Rye Patch Receives $1,850,000 Quarterly Royalty Payment

Vancouver, British ColumbiaApril 16, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces that it has received its first quarterly royalty payment for 2015 of CDN $1,850,000 (USD $1,480,000) from its Net Smelter Return royalty on the Rochester mine owned by Coeur Mining, Inc., located in the State of Nevada.

This is a significant improvement on the CDN $531,342 (USD $483,900) received in the corresponding period last year. The total amount received in 2014, the first year of the royalty, was CDN $4,137,000 (USD $3,747,000).

Tony Wood, the Company’s Chief Financial Officer, stated, “This royalty provides a valuable, non-dilutive, source of funding for the Company’s activities. The bulk of the proceeds are directed to our lowest risk development project, Lincoln Hill, which is being advanced under the direction of our Nevada project team. A small portion is allocated to our Cortez exploration projects where the potential prize is worthy of pursuit.”

About Rye Patch Gold Corp.

Rye Patch Gold Corp. is a Tier 1, well-funded junior mining company led by a seasoned management team that has participated in major discoveries totalling over 100-million ounces of gold. The team is engaged in the acquisition, exploration and development of quality resource-based gold and silver projects along the emerging Oreana trend and the prolific Cortez trend. Benefitting from its strong financial position, the Company’s strategy is to balance development and exploration risk, creating value by:

  • Advancing the Lincoln Hill project toward production;
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
  • Seeking new project opportunities and accretive transactions.

The Company’s cash and cash flowing royalty allow for progress without dilution to shareholders. For more information about the Company, 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

April 16th, 2015|

Rye Patch Hires Lincoln Hill Project Team

Vancouver, British ColumbiaApril 9, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces it has contracted John Porterfield as the Company’s Project Manager for its Lincoln Hill gold/silver project located in Pershing County, Nevada.

Mr. Porterfield brings over 30 years of experience in the gold mining industry and was previously employed by Barrick Gold Corporation and Placer Dome Inc.  While serving in various operational and project roles, John has coordinated and managed a number of feasibility studies and projects.  These include the Mooney Basin expansion of the Bald Mountain Mine, the Yankee Mine expansion of the Alligator Ridge Mine, the restart of the Turquoise Ridge and Getchell Underground Mines in Nevada, and the Stage 1 construction of the Porgera Mine in Papua New Guinea.  John, who completed Bachelor of Science degrees in Mining Engineering and Geology from Mackay School of Mines, University of Nevada, Reno, has held senior operational positions at the Bald Mountain Mine, the Porgera Mine, the Alligator Ridge Mine, the Turquoise Ridge Mine and the Ruby Hill Mine.

Rye Patch has also retained the services of Earl Shortridge (MS, Metallurgy, Colorado School of Mines) to be the Company’s in-house metallurgical expert to assist with the metallurgical testing program. Mr. Shortridge has more than 45 years of experience designing and interpreting metallurgical tests. Upon retiring from Newmont Mining, Mr. Shortridge established a consulting practice that has provided metallurgical expertise to a variety of clients including Franco Nevada, International Tower Hill, US Gold, Pershing Gold, and Newmont Mining.  Mr. Shortridge has designed and will supervise the Lincoln Hill metallurgical test program.

“These additions complement our excellent exploration group headed by Ronaldo Marcio Pinto da Silva.  The combined talents of the group will continue to drive the Lincoln Hill project forward by addressing resource expansion at Gold Ridge and Independence Hill in concert with developing the feasibility of a mining operation at Lincoln Hill”, commented William Howald, the Company’s President and CEO.

About Rye Patch Gold Corp. 

Rye Patch Gold Corp. is a Tier 1, well-funded junior mining company led by a seasoned management team that has participated in major discoveries totalling over 100-million ounces of gold.  The team is engaged in the acquisition, exploration and development of quality resource-based gold and silver projects along the emerging Oreana trend and the prolific Cortez trend.  Benefitting from its strong financial position, the Company’s strategy is to balance development and exploration risk, creating value by:

  • Advancing the Lincoln Hill project toward production;
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
  • Seeking new project opportunities and accretive transactions.

The Company’s cash and cash flowing royalty allow for progress without dilution to shareholders. For more information about the Company, 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

April 9th, 2015|

Rye Patch Completes Land Purchase at Lincoln Hill

Vancouver, British ColumbiaApril 7, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces it has closed the previously announce land purchase with New Nevada Resources (announced on March 3, 2015) for the surface and mineral estate adjacent to the Company’s Lincoln Hill resource project in Pershing County, Nevada.

About Rye Patch Gold Corp. 

Rye Patch Gold Corp. is a Tier 1, well-funded junior mining company led by a seasoned management team that has participated in major discoveries totalling over 100-million ounces of gold.  The team is engaged in the acquisition, exploration and development of quality resource-based gold and silver projects along the emerging Oreana trend and the prolific Cortez trend.  Benefitting from its strong financial position, the Company’s strategy is to balance development and exploration risk, creating value by:

  • Advancing the Lincoln Hill project toward production;
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
  • Seeking new project opportunities and accretive transactions.

The Company’s cash and cash flowing royalty allow for progress without dilution to shareholders. For more information about the Company, 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

April 7th, 2015|

Rye Patch Adds to Oreana Land Position

Vancouver, British ColumbiaApril 2, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces it has staked a further 180 claims along the Gold Ridge target.  The Gold Ridge target lies 1.5 kilometres west of the Company’s Lincoln Hill resource project in Pershing County, Nevada, and has been traced northward for an additional 6 kilometres.  The total number of claims covering the mineralized zone is 360 LYN unpatented lode claims.

The new LYN claims cover historic mines, and initial rock-chip sampling and detailed geologic mapping has been initiated.  The Gold Ridge target is of significant size and represents additional upside for the nearby Lincoln Hill resource project.  The Company controls a total of 8 kilometres along the Silver Queen fault system (“SQFS”) with Lincoln Hill on the southern end and Jipangu’s Standard mine located to the north.

Drilling in 2012 and 2014 (see the Company’s February 1, 2012 and September 15, 2014, news releases to see the full set of drill assay results) shows a similar mineral system to the one being drilled at Pershing Gold’s relief Canyon mine located 12.5 kilometres from the Gold Ridge target.  The near-surface gold and silver mineralization consists of a brecciated jasperoid within a receptive unit of the Prida Formation along the SQFS.  The breccia contains fragments of quartz vein and jasperoid in an iron rich matrix. The higher grades in gold and silver are associated with jasperoid breccia containing quartz fragments.  The favorable mineralized unit has inter-bedded limestone and mudstone which creates a permeable and receptive host when folded.

The Company separately purchased 23 unpatented lode claims east of the Wilco project covering the Rosal mine property in Section 30, T28N, R33E from Platoro West Inc.  The Company paid approximately US$1,087 per claim and granted a 1.5% net smelter returns royalty to the seller.

Past work at the Rosal mine property shows the extension of the Wilco mineral system to the east.  Historic Santa Fe Pacific assay results in the southwest quarter of Section 30 returned anomalous gold values including 12.2 metres grading 1.3 g/t gold and 15.85 metres grading 0.92 g/t gold from surface rock-chip channel sampling.  The anomaly is open to the east and requires additional exploration work.

A second target at the Rosal antimony mine is also being investigated.  Samples from previous operators ranged between 0.725 g/t gold to 5.05 g/t gold associated with a low-sulfidation gold system within the sediments.  Additional work is planned.

The closing date for the New Nevada Resources land purchase, announced on March 3, 2015, for the surface and mineral estate adjacent to the Company’s Lincoln Hill resource project in Pershing County, Nevada, has been extended, and will now close on or before April 7, 2015.
Mr. William Howald, AIPG Certified Professional Geologist #11041, Rye Patch Gold’s CEO and President, is a Qualified Person as defined under National Instrument 43-101. He has reviewed and approved the contents of this news release.

About Rye Patch Gold Corp. 

Rye Patch Gold Corp. is a Tier 1, well-funded junior mining company led by a seasoned management team that has participated in major discoveries totalling over 100-million ounces of gold.  The team is engaged in the acquisition, exploration and development of quality resource-based gold and silver projects along the emerging Oreana trend and the prolific Cortez trend.  Benefitting from its strong financial position, the Company’s strategy is to balance development and exploration risk, creating value by:

  • Advancing the Lincoln Hill project toward production;
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
  • Seeking new project opportunities and accretive transactions.

The Company’s cash and cash flowing royalty allow for progress without dilution to shareholders. For more information about the Company, 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

April 2nd, 2015|

Rye Patch Drilling Targets World Class Cortez Gold Trend

Vancouver, British ColumbiaMarch 18, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces it has received approval of its plan of operations on the Patty project located in Eureka County, Nevada, along the prolific Cortez gold trend. The plan of operations at Patty and an existing permit at Garden Gate Pass allows for drilling to commence immediately. The drill equipment is gearing up for a combined 5,000-metre campaign.

William C. Howald, President and CEO of the Company stated, “The Cortez trend is an exciting exploration area that has tremendous upside potential. Since 1991, over 50 million ounces of gold have been discovered, mined and processed along the trend, with Barrick’s 15‑plus million ounce Goldrush deposit illustrating the potential and the prize. Our Garden Gate Pass property abuts the Goldrush discovery, and the Patty project sits to the south and in the same geologic environment along the trend. We have been refining the drill targets since 2012 and believe they pose some of the best exploration opportunities along this world-class gold trend.”

The Company will drill test the Garden Gate Pass and Patty properties, pursuing the strike extension of Barrick’s growing Goldrush deposit. As a result of reconciling 2012 and 2014 drilling information (see April 29, 2014, news release) with seismic data, the Company has refined its targets, identifying a disrupted zone beneath an anticline structure. The structural architecture on the seismic profile is significant and similar to the published geometry of the Goldrush deposit. The new interpretation represents a high-priority drill target that could lead to identifying the extension of the Goldrush deposit.

The Patty project lies to the south and along the same geologic setting as Goldrush. The Cortez drill program is starting at Patty and focusing on targeting a new discovery. Two priority targets have been identified. The first is the strike extension of the Goldrush geologic setting. Past drilling returned a drill interval consisting of 105 metres grading 0.3 g/t gold. The overall thickness of the zone is encouraging and is being used to vector new drilling in the Goldrush Anticline target. The second target, Indian Creek, is very exciting and represents a newly identified parallel structural zone. Geologic mapping has re-interpreted a sedimentary debris-flow breccia deposited along the trace of a major basement fault, a potential ore-controlling feature. This structural architecture provides the optimal setting for a Carlin-type deposit and potential new discovery.

Walsh Construction is preparing the drill sites, and Boart Longyear is completing the drilling. All drill samples will be shipped to American Assay laboratory in Reno, Nevada, for preparation and assay.

About Rye Patch Gold Corp.

Rye Patch Gold Corp. is a Tier 1, well-funded junior mining company led by a seasoned management team that has participated in major discoveries totalling over 100-million ounces of gold. The team is engaged in the acquisition, exploration and development of quality resource-based gold and silver projects along the emerging Oreana trend and the prolific Cortez trend. Benefitting from its strong financial position, the Company’s strategy is to balance development and exploration risk, creating value by:

  • Advancing the Lincoln Hill project toward production;
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
  • Seeking new project opportunities and accretive transactions.

The Company’s cash and cash flowing royalty allow for progress without dilution to shareholders. For more information about the Company, 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

March 18th, 2015|

Rye Patch Gold Buys Strategic Private Surface and Mineral Estate Adjacent to the Lincoln Hill Resource and Surrounding Exploration Targets

Vancouver, British ColumbiaMarch 3, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) is pleased to announce that its wholly owned subsidiary has purchased the surface and mineral estate on private lands adjacent to the Lincoln Hill resource project and surrounding exploration targets located in Pershing County, Nevada.

HIGHLIGHTS:

  • Purchase of surface and mineral estate covering 1,654.75 acres (670 hectares);
  • New acreage is located immediately west and southwest of the Lincoln Hill resource and northwest of the Silver Ridge exploration target; and
  • The lands represent strategic locations for infrastructure and facilities associated with the Lincoln Hill gold/silver deposit and surrounding exploration targets.

Rye Patch Gold US Inc. has entered in to an agreement with New Nevada Resources LLC (“NNR”) to purchase the surface and mineral estate on 1,654.75 acres of private land near the Company’s Lincoln Hill project. The lands represent strategic areas for the location of infrastructure and facilities to develop the Lincoln Hill resource project, and its surround exploration projects.

William Howald, president and CEO stated, “These private lands complement our existing land package and give the Company complete flexibility in developing the Lincoln Hill resource into one of the next bulk-tonnage, heap-leach operations in Nevada. Their proximity to the Lincoln Hill resource as well as the nearby exploration targets allow for the development of a mining complex with several source areas feeding a centralized plant. As we work our way towards the feasibility of mine development, the final layout will be determined.”

The Company paid a $500 per acre price for the surface and mineral estate with NNR retaining a net smelter return royalty ranging from 2.125% to 3.5% depending on the parcel. The definitive agreement has been signed and the transaction will close on or before March 31, 2015.

About Rye Patch Gold Corp.

Rye Patch Gold Corp. is a Tier 1, well-funded junior mining company lead by a seasoned management team that has participated in major discoveries totally over 100-million ounces of gold. The team is engaged in the acquisition, exploration, and development of quality resource-based gold and silver projects along the emerging Oreana trend and the prolific Cortez trend. Benefitting from its strong financial position, the Company’s strategy is to balance development and exploration risk, creating value by:

  • Advancing the Lincoln Hill project toward production;
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
  • Seeking new project opportunities and accretive transactions.

The Company’s cash and cash flowing royalty allow for progress without dilution to shareholders. For more information about the Company, 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

March 3rd, 2015|

Rye Patch Gold Appoints Tony Wood as Chief Financial Officer

Vancouver, British ColumbiaMarch 2, 2015 – Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) is pleased to announce the appointment of Mr. Tony Wood as Chief Financial Officer (“CFO”). Along with his CFO responsibilities, Mr. Wood will continue in his current role as Vice President of Corporate Development.

Mr. Wood will work, with the Company’s President and CEO, William Howald, to implement Rye Patch’s operational growth and business development initiatives, and to ensure the Company’s financial and reporting infrastructure evolves to meet the demands of a growing and successful corporation. His experience in guiding companies from exploration through development to production will become increasingly important as the Company advances its 100% owned Lincoln Hill project located along the Oreana trend in west central, Nevada.

Mr. Wood’s executive experience includes oversight of finance and operations of various publicly-traded exploration and development companies. Over the last 15 years, he has successfully completed approximately $600-million in financing and M&A transactions in the mining industry. Most recently, as the CFO for Prodigy Gold Inc., he was pivotal in guiding that company through its expansion and rapid growth from a market capitalization of $25-million until its $341-million sale, a little over two years later. Mr. Wood has a proven record of success with strategic planning, organizational development, and company transformations. He has been instrumental in achieving performance and value growth across diverse commodities, countries and market conditions.

Mr. Wood is an honours graduate, Management Sciences (Marketing) B.Sc. from the University of Lancaster, U.K., and a qualified Chartered Accountant in the UK and Canada.

Mr. William Howald, President and CEO of Rye Patch, stated: “We are very pleased to have Tony take on this expanded and important role. His broad experience with M&A activity, project funding, operations, and financial management complement the Company’s strong technical skills. Having a strong financial foundation is the first step in building Rye Patch Gold in to a premier Nevada based mining company.”

The Company would like to acknowledge and thank Mr. Alnesh Mohan, Partner at Quantum Advisory Partners LLP, (“Quantum”) for his service as CFO of Rye Patch, and the Company looks forward to continued collaboration with his firm.

The Company also announces the grant of incentive stock options to purchase 200,000 common shares of Rye Patch exercisable at $0.15 per share for term of ten years, subject to vesting in accordance with applicable Company policies.

About Rye Patch Gold Corp.

Rye Patch Gold Corp. is a Tier 1, well-funded junior mining company lead by a seasoned management team that has participated in major discoveries totally over 100-million ounces of gold. The team is engaged in the acquisition, exploration, and development of quality resource-based gold and silver projects along the emerging Oreana trend and the prolific Cortez trend. Benefitting from its strong financial position, the Company’s strategy is to balance development and exploration risk, creating value by:

  • Advancing the Lincoln Hill project toward production;
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit; and
  • Seeking new project opportunities and accretive transactions.

The Company’s cash and cash flowing royalty allow for progress without dilution to shareholders. For more information about the Company, 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
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

March 2nd, 2015|

Rye Patch Gold 2015 – Funded and Active

Advancing Lincoln Hill, Nevada, toward feasibility
Drill testing exploration targets on the prolific Cortez trend

Vancouver, British Columbia, February 10, 2015 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) is pleased to present its work program and budget for 2015.
Benefitting from its strong financial position, the Company’s strategy is to balance development and exploration risk, creating value through activity on three main fronts:

  • Mine development – advancing Lincoln Hill toward production ($2.4million);
  • Pursuing a world class discovery – Garden Gate and Patty – contiguous to and on strike with Barrick’s Goldrush deposit ($1.1million); and
  • Seeking new project opportunities and accretive transactions ($280,000).

The Company’s current $6 million treasury, plus royalty cash-flow (currently $1.2 million a quarter), represents a significant advantage in this uncertain market. Rye Patch is one of few companies able to advance its projects with meaningful on-the-ground activities and has the financial leverage to take advantage of new opportunities.

The 2015 budget totals $5 million, with a healthy weighting of the budget, $3.7 million (75%) going directly into operations and $280,000 (5%) into new project generation and corporate development. The Company will maintain fiscal responsibility with general and administration costs of $784,000 (16%) and investor relations activities totaling $271,000 (5%). The quarterly royalty payments relieve the Company of any need for equity financing at current market prices and allow the Company to maintain a healthy cash balance in the coming year. This provides the Company the flexibility to seize opportunities as they arise.

Lincoln Hill – Mine Development, Oreana Trend, Nevada

Following successful completion of economically robust Preliminary Economic Assessment (see May 21, 2014, news release) with a low capital expenditure ($30.2 million), the Company intends to advance this project toward feasibility over the next 18 months. The bulk of the budget will be focused on expansion and infill drilling. The entire program totals 15,000 metres, with half the drilling to be completed in 2015. The program is designed to increase the resource and convert further ounces into the measured and indicated category. The drilling will concentrate on the Lincoln Hill resource along with exploration drilling at Independence Hill directly to the south and Gold Ridge to the west. A plan of operations is being permitted which will allow for 200 acres (81 hectares) of disturbance. Permitting is anticipated to allow drilling to commence in the fall.

The Company plans to systematically de-risk the project by completing the baseline studies started in 2014; conducting the next stage of metallurgical testing; advancing environmental permits, mine planning, engineering studies; and reviewing project financing alternatives that complement its royalty cash flow.

Garden Gate Pass and Patty World-Class Exploration, Cortez Trend, Nevada

The Company will drill test both of these properties in the first half the year, targeting the strike extension of Barrick’s growing Goldrush deposit (15Mozs of gold) in Nevada. As a result of reconciling 2012 and 2014 drilling information (see April 29, 2014, news release) with seismic data, the Company has refined its targets, including identifying a disrupted zone beneath an anticline structure. The structural architecture seen on the seismic profile is significant and similar to the known geometry of the Goldrush deposit. The new interpretation represents a high priority drill target which could lead to a new Carlin-type deposit discovery.

The Patty project that lies south and along strike will also undergo initial exploration drill testing, with the aim of expanding on the 2012 drill information and targeting a new discovery. Two priority targets have been identified. The first is the strike extension of the Goldrush geologic setting. Past drilling returned drill intervals of 105 metres grading 0.3 g/t. The overall thickness of the zone is encouraging and is being used to vector new drilling in the Goldrush Anticline target. The second area, Indian Creek, is very exciting. Geologic mapping has re-interpreted a sedimentary debris-flow breccia deposited along the trace of a major basement fault and potential ore-controlling feature. This structural architecture provides the optimal setting for a Carlin-type deposit.

The Company’s other resource property, Wilco, and exploration projects X Claims and South Coal Canyon, will be maintained during the year at a cost of $174,000.

About Rye Patch Gold Corp.

Rye Patch Gold Corp. is a Tier 1, well-funded junior mining company with a royalty revenue stream from the operating Rochester silver mine, significant gold and silver resources, and tremendous exploration upside all located in the mining friendly state of Nevada, USA. The Company’s seasoned management team, participants in over 100-million ounces of gold discoveries, is engaged in the acquisition, exploration, and development of quality resource-based gold and silver projects.  Rye Patch Gold US Inc. controls over 75 square kilometres (30 sq. miles) of land on the emerging Oreana trend and 66 square kilometres along the prolific Cortez trend, contiguous to Barrick’s new Goldrush deposit. The Company’s cash and cash flowing royalty allow for progress without dilution to shareholders. For more information about the Company, 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 Davies
Manager, Investor Relations

Rye Patch Gold Corp
info@ryepatchgold.com
Tel.: (604) 638-1588
Fax: (604) 638-1589

This news release contains forward-looking statements, which address future events and conditions, which are subject to various risks and uncertainties. The Company’s actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the Company’s control.  These factors include: the availability of funds; the financial position of Rye Patch; the timing and content of work programs; the results of exploration activities and development of mineral properties; the interpretation of drilling results and other geological data; the reliability of calculation of mineral resources (and, in respect of the Coeur Rochester mine 3.4% NSR, the reliability of calculation of Coeur’s mineral resources and reserves); the reliability of calculation of precious metal recoveries; the receipt and security of mineral property titles; project cost overruns or unanticipated costs and expenses; fluctuations in metal prices; currency fluctuations; and general market and industry conditions.
Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made.  The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

February 10th, 2015|