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RYE PATCH ADDS JOHN MANSANTI TO BOARD OF DIRECTORS APPOINTS MICHAEL IANNACCHIONE FLORIDA CANYON MINE GENERAL MANAGER

Vancouver, British Columbia, July 12, 2017 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) is pleased to welcome Mr. John Mansanti to the Board of Directors, and announces the appointment of Mr. Michael Iannacchione as Mine General Manager of the Florida Canyon mine.

The Company has increased its Board of Directors to five with the addition of Mr. John Mansanti.  Mr. Mansanti has almost 40 years of experience in the management of mining operations and projects. He is recognized for his commitment to safety and achieving results through positive work relationships. In addition to eight years experience in the potash industry, Mr. Mansanti has over 30 years of operations and project management experience in precious and base metals, primarily in Nevada.  John has worked for Barrick, Placer Dome, Getchell Gold, Newmont, Santa Fe Pacific Gold, Gold Fields Operating Company, Freeport McMoRan and Kennecott. His experience spans all levels of site and corporate operations, from exploration through product sales, including project permitting and compliance.

Mr. Mansanti is a graduate of the Montana College of Mineral Science and Technology with degrees in Chemistry and Mineral Processing Engineering.  He has published multiple technical papers and a chapter on potash processing.

Mr. Mansanti is an active member of the Society of Mining, Metallurgy and Exploration (SME) and is the 2017 SME President. While working in Nevada he was also active in the Nevada Mining Association (NMA) and served as the 2006 president of the association. Mr. Mansanti has received multiple awards recognizing his leadership and technical skills.

The Company is very pleased to announce the appointment of Mr. Michael Iannacchione as the new General Manager at the Florida Canyon mine.  Mr. Michael Iannacchione has over 30 years of experience in the mining industry, 25 years of which has been at a management level.  Mike was the Vice President General Manager for General Moly’s Mt. Hope Molybdenum Project, the Operations Manager at Goldcorp’s Marigold Mine, Vice President, and General Manager at the Round Mountain Gold Mine, a joint-venture between Barrick Gold Corporation and Kinross Gold Corporation. In addition to his extensive management experience, Mr. Iannacchione has significant front-line experience in mine operations, mine engineering, and safety in the mining industry

During his career, while Mr. Iannacchione has worked primarily in the gold mining industry, he also has experience in base metal and oil shale projects.

Mike graduated from the University of Nevada, Reno with a Bachelor of Science In Mining Engineering in 1982 and is pursuing an Executive MBA at the University of Notre Dame.  Mr. Iannacchione is a registered professional engineer in the State of Nevada.

Mr Iannacchione replaces John Porterfield who has acted as General Mine Manager on an interim basis since the Company’s acquisition of the Florida Canyon mine.  The Company is very grateful for Mr. Porterfield’s able assistance during the start-up phase of the mine

The Company wishes to thank Mr. John Porterfield for stepping forward and taking the role of Acting Mine General Manager over the last several months.  Mr. Porterfield has done an exemplary job of hiring quality professionals and operators, putting the mine on track and achieving the first gold pour from the new South Heap Leach Pad.  Through his efforts the mine is moving forward toward commercial production.  John will stay at Florida Canyon to transition with Mr. Iannacchione then return to advancing the Lincoln Hill and Wilco projects.

The Company also announces the grant of stock options to Messrs Mansanti and Iannacchione under the Company’s stock option plan and in accordance with the Company’s standard vesting provisions to purchase 800,000 common shares at an exercise price of $0.30 per share for a term of five (5) years.

About Rye Patch Gold Corp.  

Rye Patch Gold Corp. is a Nevada focused, Tier 1, precious metal mining company engaged in the mining, development and exploration of a 180 square kilometre land package along the prospective Oreana trend in west central Nevada. Leveraging its strong financial position and cash to acquire the Florida Canyon Gold mining operation, Rye Patch now controls a trend-scale platform with mining operations, resource projects and significant exploration potential. The combination of mining and a growth profile along a major Nevada gold trend positions Rye Patch to become an emerging North American mid-tier precious metal producer. For more information, 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.

July 12th, 2017|

RYE PATCH REPORTS MONTHLY GOLD PRODUCTION

Florida Canyon Mine On-Track for Q3

Vancouver, British Columbia, July 10, 2017 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) reports June and second quarter production results for the Florida Canyon mining operation.

Gold production began from the new South Heap Leach Pad of the Florida Canyon Mine in April 2017. The new pad has completed its first full cycle of leaching of 45 days.  Secondary leaching and new placement of ore is continuing on the Phase 1A portion of the pad.  Since April, a total of 12,678 ounces of gold and silver dore have been poured.  The dore is comprised of 7,075 ounces of gold and 5,603 ounces of silver.

William Howald, Rye Patch President and CEO, said, “We continue to successfully ramp-up mine operations, and the team is pleased with progress through the end of the second quarter.  Gold production in the second quarter exceeded the ramp-up plan by more than 1,500 ounces of gold and the mine is on track for third quarter 2017 commercial production.”

Welsh-Hagen Associates of Reno, Nevada completed an audit of the leach pad, and compared its operational performance to the expected leach recovery model.  Based on the audit, the new leach pad is performing in line with the leach curve model and recovered gold ounces are within 1 percent of the projected gold production.  Production of 5,567 ounces of gold was projected for the first three months of leaching compared to 7,075 ounces of gold actually achieved between April 12 and June 30.  The better-than-expected gold production results from more tons being placed on the leach pad between January and March.

June gold production was above plan but below expectations as a result of the acid wash circuit being off-line most of June to replace a cracked wash vessel.  The new vessel has arrived and is being installed. Work on the regeneration kiln was also completed in June.  The result of these two items being off-line was a decrease in efficiency of the carbon plant to attract the gold thus decreasing gold production.  Both circuits will be back on-line in July.

Mining achieved 85 percent of its budgeted ore tons in the second quarter with the bulk of the ore coming from the Jasperoid pit. In June, a total of 693,434 tons (633,395 tonnes) of ore was mined compared to 575,477 tons (523,160 tonnes) budgeted.  The increase in ore tonnage resulted from the Jasperoid pit being ore bound on the 5440 and 5420 benches.  This has allowed for the mining fleet to begin accessing the second pit.  Starting in July, the mine will have two sources of ore – Central and Jasperoid pits.

Fleet availability has improved dramatically over the second quarter.  At the end of June, all 11 785 CAT haul trucks were operational.  Two haul trucks were down for most of June as a result of major required component replacement.  All other haulage and loading equipment was down for routine preventive maintenance.  Loaders had a 94 percent availability and 785 haul trucks improved to 79 percent availability.  An increase in 785-haul truck availability is expected to continue going forward.

The crusher continues to outperform its design specifications.  Under the current plan, the crusher is required to crush 1,100 tons (1,000 tonnes) per hour.  It is currently exceeding this limit and is permitted to crush up to 1,600 (1455 tonnes) tons per hour.  Additional 785 haul trucks are being sourced and an increase to the crusher air quality permit is being prepared.  The resulting increase in crusher capacity and through put could have a substantial positive impact on future annual gold production.

With the end of the second quarter, Rye Patch will release production results, activities and cost information for the Florida Canyon mine in the future on a quarterly basis in-line with the Company’s financial reporting.

Mr. William Howald, AIPG Certified Professional Geologist #11041, Rye Patch Gold’s CEO and President with a BSc. In Geological Engineering, 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 Nevada focused, Tier 1, precious metal mining company engaged in the mining, development and exploration of a 180 square kilometre land package along the prospective Oreana trend in west central Nevada. Leveraging its strong financial position and cash to acquire the Florida Canyon Gold mining operation, Rye Patch now controls a trend-scale platform with mining operations, resource projects and significant exploration potential. The combination of mining and a growth profile along a major Nevada gold trend positions Rye Patch to become an emerging North American mid-tier precious metal producer. For more information, 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

Forward-Looking Statements

This news release contains forward-looking statements relating to future plans and objectives of the Company, future production and deliveries of gold, proposed operations of the Company including mine development, funding requirements, future events and conditions and other statements that are not historical facts, all of 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, but are not limited to: future deliveries of gold pursuant to the forward gold price contract facility, the achievement of mine redevelopment plans and production results; 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; 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, opinions and assumptions of the Company’s management on the date the statements are made including, but not limited to, the continued operation of the Company’s mining operations, no material adverse change in the market price of commodities, and mining operations and production to be completed in accordance with management’s expectations.  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.  As a result, the Company cannot guarantee that the drawdowns under the Credit Facility and the Florida Canyon mine redevelopment will be completed on the terms and within the time disclosed herein or at all.  

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.

July 10th, 2017|

RYE PATCH GOLD ANNOUNCES BOUGHT DEAL OFFERING OF $10M

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS

TORONTO, June 6, 2017 – Rye Patch Gold Corp. (Rye Patch” or the “Company”) (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) is pleased to announce that it has entered into an agreement with PI Financial Corp., as lead underwriter on behalf of a syndicate of underwriters (collectively, the “Underwriters”), under which the Underwriters have agreed to purchase, on a bought deal basis 38,470,000 common shares (“Common Shares”) of the Company at a price of $0.26 per Common Share, for aggregate gross proceeds of $10,002,200 (the “Offering”). The Underwriters have been granted the option (the “Over-Allotment Option”) to purchase up to an additional 5,770,500 Common Shares, exercisable in whole or in part, at any time up to 30 days after the closing of the Offering.

The net proceeds of the Offering will be used for continued expansion of the Florida Canyon Mine, additional haulage equipment, resource development and exploration drilling at Florida Canyon, working capital and general corporate purposes.

Closing of the Offering is anticipated to occur on or about June 29, 2017 and is subject to receipt of applicable regulatory approvals including approval of the TSX Venture Exchange.

The Offering is being made pursuant to a short form prospectus to be filed in each of the provinces of Canada (other than Quebec) and may be offered in the United States to Qualified Institutional Buyers pursuant to exemptions from the registration requirements under rule 144A of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), in a manner that does not require the Offering to be registered in the United States. The Offering may be also sold in such other jurisdictions as the Company and the Underwriters may agree.

This news release does not constitute an offer to sell or a solicitation of an offer to sell securities in the United States, nor in any other jurisdiction.  The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Rye Patch Gold Corp.  

Rye Patch Gold Corp. is a Nevada based, Tier 1, mining company engaged in the mining and development of quality resource-based gold and silver mines and projects along the established Oreana trend in west central Nevada. Leveraging its strong financial position and cash to acquire the operating Florida Canyon Gold Mine, Rye Patch Gold Corp. now controls a trend-scale platform with mining operations, resource projects and exploration upside. The combination of operations and organic growth along a major Nevada gold trend positions Rye Patch as an emerging mid-tier gold producer with tremendous value added potential. For more information, 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.

June 6th, 2017|

Rye Patch Announces Results of 2017 Annual General Meeting of Shareholders

Vancouver, British Columbia, June 6, 2017 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces that at today’s 2017 Annual General Meeting (“AGM”) in Vancouver, shareholders voted in favour of all items of business by way of ballot voting.  A total 224,372,414 votes were cast or represented by proxy at the AGM, representing 57.93% of the outstanding common shares as of the record date.

Election of Directors

Pursuant to a vote by ballot, the following are the votes cast for and withheld in respect of the election of directors.

Shareholders voted 83.83% in favour of appointing PricewaterhouseCoopers LLP, Professional Chartered Accountant as auditor of the Company for the ensuing year.

Shareholders voted 171,237,715 (90.55%) in favour and 17,876,118 (9.45%) against the approval and confirmation of the Company’s “rolling 10%” Stock Option Plan.

Disinterested shareholders of the Company voted 129,259,629 (92.22%) in favour and 10,912,068 (7.78%) against the approval of the Company’s Restricted Share Unit Plan (the “RSU Plan”).  Pursuant to the requirements of the TSX Venture Exchange, this matter required disinterested shareholder approval and, accordingly, common shares of the Company beneficially held by insiders of the Company eligible to participate in the RSU Plan and their associates were not entitled to be voted on this matter.

About Rye Patch Gold Corp. 

Rye Patch Gold Corp. is a Nevada based, Tier 1, mining company engaged in the mining and development of quality resource-based gold and silver mines and projects along the established Oreana trend in west central Nevada. Leveraging its strong financial position and cash to acquire the operating Florida Canyon Gold Mine, Rye Patch Gold Corp. now controls a trend-scale platform with mining operations, resource projects and exploration upside. The combination of operations and organic growth along a major Nevada gold trend positions Rye Patch as an emerging mid-tier gold producer with tremendous value added potential. For more information, 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.

June 6th, 2017|

RYE PATCH REPORTS GOLD PRODUCTION

Florida Canyon Mine Pours 3,094 Ounces of Gold in May

Vancouver, British Columbia, June 2, 2017 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) reports that the Florida Canyon mine has poured 3,094 ounces of gold for the month of May 2017.  This compares to 485 ounces of gold poured in the month of April 2017.  The Company plans to sell its 3,094 ounces of gold into its forward gold price contract facility priced at approximately US$1,275.

William C. Howald, President and CEO of the Company, stated, “We are very pleased with the progress and positive ramp-up of gold and silver dore production.  The upward trend shows the project is on track to meet production objectives in the third quarter of this year.”

“In less than one year, the Company has made the transformation from a Nevada explorer to Nevada’s newest gold producer. The acquisition of the Florida Canyon mine was a transformational transaction that Rye Patch was uniquely positioned to pursue and re-start the mine to create shareholder value,” added Howald.

During the month of May, the Florida Canyon mine achieved:

  • Mining of 1.174 million tons (1.07 million tonnes) of material including 551,359 tons (501,235 tonnes) of ore delivered to the crusher;
  • Stacking of 582,161 tons (529,237 tonnes) of ore on the new South Heap Leach pad;
  • Pouring of 5,566 troy ounces of dore containing 3,094 ounces of gold and 2,381 ounces of silver; and
  • Progressing toward commercial production in Q3.

About Rye Patch Gold Corp.  

Rye Patch Gold Corp. is a Nevada based, Tier 1, mining company engaged in the mining and development of quality resource-based gold and silver mines and projects along the established Oreana trend in west central Nevada. Leveraging its strong financial position and cash to acquire the operating Florida Canyon Gold Mine, Rye Patch Gold Corp. now controls a trend-scale platform with mining operations, resource projects and exploration upside. The combination of operations and organic growth along a major Nevada gold trend positions Rye Patch as an emerging mid-tier gold producer with tremendous value added potential. For more information, 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

Forward-Looking Statements

This news release contains forward-looking statements relating to future plans and objectives of the Company, future deliveries of gold, proposed operations of the Company including mine development, funding requirements, future events and conditions and other statements that are not historical facts, all of 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: future deliveries of gold pursuant to the forward gold price contract facility, the achievement of mine redevelopment plans and production results; 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; 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.

June 2nd, 2017|

RYE PATCH GOLD ANNOUNCES CLOSING OF SALE OF ROCHESTER ROYALTY AND FINAL ROYALTY PAYMENT

Vancouver, British Columbia, June 1, 2017 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) is pleased to announce completion of the sale to Coeur Rochester, Inc. of the Company’s 3.4% net smelter return royalty (the “Royalty”) for total consideration of US$5,000,000 in cash.

In connection with the sale of the Royalty, the Company also received a final Royalty payment in the amount of US$313,701.86, representing the final Royalty amounts accruing up to the closing date.

About Rye Patch Gold Corp.  

Rye Patch Gold Corp. is a Nevada based, Tier 1, mining company engaged in the mining and development of quality resource-based gold and silver mines and projects along the established Oreana trend in west central Nevada. Leveraging its strong financial position and cash to acquire the operating Florida Canyon Gold Mine, Rye Patch Gold Corp. now controls a trend-scale platform with operations, replacement assets and exploration upside. The combination of operations and exploration concentrated along a major Nevada gold trend positions Rye Patch as an emerging mid-tier gold producer with tremendous value added potential. For more information, 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.

June 1st, 2017|

Rye Patch Provides Update on 2017 Annual General Meeting of Shareholders

Vancouver, British Columbia, May 29, 2017 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) wishes to provide shareholders with an update in respect of its management information circular dated April 28, 2017 (the “Circular”) in connection with its annual general meeting of shareholders of the Company to be held on Tuesday, June 6, 2017 (the “Meeting”).

The Company wishes to make certain clarifications relating to fees paid to its external auditor, PricewaterhouseCoopers LLP (“PwC”) for the 2016 fiscal year;

  • Of the $156,891 in Tax Fees paid to PwC:
    • $20,020 pertains to tax compliance and preparation;
    • $28,321 relates to advice and consulting; and
    • $108,550 relates to due diligence tax work and assistance to legal counsel in relation to the Company’s acquisition of the Florida Canyon gold mine and are one-time in nature; and
  • The entirety of the Other Fees paid to PwC, equal to $58,000, were incurred for due diligence in connection with the Florida Canyon gold mine acquisition.

The Board has approved certain further changes to the renewal Stock Option Plan (the “Option Plan”) that is subject to shareholder approval at the Meeting. For greater certainty, if the Option Plan is approved by shareholders at the Meeting, any of the following amendments will now require shareholder approval:

  • Any amendment to the Option Plan that results in any increase in the number of shares reserved for issuance under the Option Plan;
  • Any reduction in the exercise price, or cancellation and reissue, of an option granted or other entitlements under the Option Plan;
  • Any amendment to an option granted under the Option Plan that extends its term beyond the original expiry;
  • Any amendment to the Option Plan that would permit options granted under the Option Plan to be transferable or assignable other than for normal estate settlement purposes; and
  • Any amendment to the Option Plan amendment provisions.

About Rye Patch Gold Corp.  

Rye Patch Gold Corp. is a Nevada based, Tier 1, mining company engaged in the mining and development of quality resource-based gold and silver mines and projects along the established Oreana trend in west central Nevada. Leveraging its strong financial position and cash to acquire the operating Florida Canyon Gold Mine, Rye Patch Gold Corp. now controls a trend-scale platform with operations, replacement assets and exploration upside. The combination of operations and exploration concentrated along a major Nevada gold trend positions Rye Patch as an emerging mid-tier gold producer with tremendous value added potential. For more information, 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.

 

May 30th, 2017|

RYE PATCH GOLD SELLS ROCHESTER ROYALTY

Coeur exercises its right of first refusal

Vancouver, British Columbia, May 15, 2017 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announced today that it has received an election notice from Coeur Rochester, Inc. (“Coeur”) to purchase the Company’s 3.4% net smelter return royalty (the “Royalty”) from the sale of silver and gold processed from the Rochester Mine for US$5.0 million.

Under the Net Smelter Returns Royalty Agreement between the Company and Coeur dated June 27, 2013 (the “Royalty Agreement”), Coeur retained a right of first refusal to purchase the Royalty from the Company in the event that the Company should wish to sell or transfer the Royalty.

William C. Howald, the Company’s President and CEO commented, “The US$5,000,000 purchase price brings approximately one year’s worth of royalty payments forward.  With the Rochester royalty ending in 2018, it seemed prudent to have the cash now and available as we ramp up our mining operation at Florida Canyon.”

On May 9, 2017, the Company notified Coeur that it had received an offer (the “Offer”) from a third party to purchase the Royalty for US$5,000,000 payable in cash, which was accepted by the Company. Coeur notified the Company that it elected to purchase the Royalty on the same terms and conditions set out in the Offer, which is to close within 30 business days.

About Rye Patch Gold Corp. 

Rye Patch Gold Corp. is a Nevada based, Tier 1, mining company engaged in the mining and development of quality resource-based gold and silver mines and projects along the established Oreana trend in west central Nevada. Leveraging its strong financial position and cash to acquire the operating Florida Canyon Gold Mine, Rye Patch Gold Corp. now controls a trend-scale platform with operations, replacement assets and exploration upside. The combination of operations and exploration concentrated along a major Nevada gold trend positions Rye Patch as an emerging mid-tier gold producer with tremendous value added potential. For more information, 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.

May 15th, 2017|

RYE PATCH ANNOUNCES FIRST GOLD POUR AT FLORIDA CANYON

New Era Begins for Nevada’s Newest Gold Producer

Vancouver, British Columbia, May 1, 2017 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announced that it has completed the first gold pour from the new leach pad at the refurbished Florida Canyon Mine in Northwestern Nevada.

A total 485 ounces of gold was poured as doré in the month of April from the new South Heap Leach Pad with the first pour occurring on April 25, 2017.  In addition, residual leaching from the old Florida Canyon and Standard Gold mines produced 602 ounces.

“This is a significant milestone for Rye Patch Gold,” said President and CEO William Howald. “The Florida Canyon team has done a phenomenal job on the re-start of the Mine and we are excited to be Nevada’s newest gold producer.  We can now turn our sights to realizing the tremendous potential of our other projects along the Oreana Trend and reaching our goal of becoming Nevada’s next mid-tier producer.”

Rye Patch began irrigation of the newly built South Heap Leach Pad in mid-April 2017 only nine months after acquiring the Florida Canyon mine in July 2016.  The Company plans to ramp up towards commercial production during the second quarter of 2017.

About Rye Patch Gold Corp.  

Rye Patch Gold Corp. is a Nevada based, Tier 1, mining company engaged in the mining and development of quality resource-based gold and silver mines and projects along the established Oreana trend in west central Nevada. Leveraging its strong financial position and cash to acquire the operating Florida Canyon Gold Mine, Rye Patch Gold Corp. now controls a trend-scale platform with operations, resource assets and exploration upside. The combination of operations and exploration concentrated along a major Nevada gold trend positions Rye Patch as an emerging mid-tier gold producer with tremendous value added potential. For more information, 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

Forward-Looking Statements

This news release contains forward-looking statements relating to future plans and objectives of the Company, proposed operations of the Company with assumptions made about mine development, funding requirements, future events and conditions and other statements that are not historical facts, all of 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 requirement of the Company to satisfy the conditions for drawdowns in the credit agreement entered into with Macquarie Bank Limited (“Credit Facility”), the achievement of mine redevelopment plans and production results; 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; 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.  As a result, the Company cannot guarantee that the drawdowns under the Credit Facility and the Florida Canyon mine redevelopment will be completed on the terms and within the time disclosed herein or at all.

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.

May 1st, 2017|

RYE PATCH DELIVERS GOLD INTO HEDGE

Florida Canyon Mine Development Continues On Track

Vancouver, British Columbia, February 9, 2017 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announces that it has delivered 3,409 ounces of gold into its hedged position at an average price of US$1,275.13 and sold 4,804 ounces of silver at US$17.51 for gross revenue of US$4,431,662 produced from existing leach pads at the Standard and Florida Canyon mines.

The Company also received US$1.2 million from its Rochester mine NSR royalty for Q4 2016 in mid-January. The next payment will be for Q1 2017 and is expected in mid-April 2017.

Rye Patch’s subsidiary, Florida Canyon Mining, continues to produce and sell gold from the existing leach pads at the Standard and Florida Canyon mines, with the revenue from the gold sales and NSR royalty contributing to Florida Canyon re-start costs.

Mining, crushing and ore placement are continuing at the new South Heap Leach facility.  The projected ramp-up to 600,000 tons per month production (545,000 tonnes per month) is on schedule. Irrigation followed by gold production is pending approval from the Nevada regulatory agency.

About Rye Patch Gold Corp. 

Rye Patch Gold Corp. is a Nevada based, Tier 1, mining company engaged in the mining and development of quality resource-based gold and silver mines and projects along the established Oreana trend in west central Nevada. Leveraging its strong financial position and cash to acquire the operating Florida Canyon Gold Mine, Rye Patch Gold Corp. now controls a trend-scale platform with operations, replacement assets and exploration upside. The combination of operations and exploration concentrated along a major Nevada gold trend positions Rye Patch as an emerging mid-tier gold producer with tremendous value added potential. For more information, 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

Forward-Looking Statements

This news release contains forward-looking statements relating to future plans and objectives of the Company, proposed operations of the Company including mine development, funding requirements, future events and conditions and other statements that are not historical facts, all of 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 requirement of the Company to satisfy the conditions for drawdowns in the credit agreement entered into with Macquarie Bank Limited (“Credit Facility”), the achievement of mine redevelopment plans and production results; 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; 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.  As a result, the Company cannot guarantee that the drawdowns under the Credit Facility and the Florida Canyon mine redevelopment will be completed on the terms and within the time disclosed herein or at all.
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 9th, 2017|