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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|

RYE PATCH FILES AMENDED TECHNICAL REPORT

Vancouver, British Columbia, February 7, 2017 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) is pleased to report the filing of an amended technical report titled “Amended Technical Report – Preliminary Economic Assessment for the Florida Canyon Mine, Pershing County, Nevada USA” effective March 16, 2016 and dated January 27, 2017 (“Amended Technical Report”), prepared by Mine Development Associates (“MDA”). The Amended Technical Report has been prepared to correct deficiencies, identified by the British Columbia Securities Commission (“BCSC”), in the March 16, 2016 technical report revised June 23, 2016 (“Revised Report”). These deficiencies have been addressed and corrected in the Amended Technical Report and a copy will be filed on SEDAR at www.sedar.com and posted on the Company’s website www.ryepatchgold.com.

The Amended Technical Report has been prepared in accordance with the disclosure and reporting requirements set forth in the Canadian Securities Administrators’ National Instrument 43-101 (“NI 43-101”), Companion Policy 43-101CP, and Form 43-101F1, as well as with the Canadian Institute of Mining, Metallurgy and Petroleum’s “CIM Definition Standards For Mineral Resources and Reserves, Definitions and Guidelines” (“CIM Standards”) adopted by the CIM Council on May 10, 2014.

The Amended Technical Report reflects a change to the resources reported in the Revised Report in that all sulfide material has been removed from the tabulation of Inferred resource. This change does not impact the results of the Preliminary Economic Assessment (“PEA”) included in the Revised Report, and re-stated in the Amended Report, since sulfide material was not included within the economic analyses.

The Measured, Indicated, and Inferred resources calculated for the Amended Technical Report are based on a 0.006 oz Au/ton cutoff grade and were restricted to oxide material within an optimized pit. The amended resources are shown in Table 1.

The mineral resources stated in Table 1 are not mineral reserves and do not have demonstrated economic viability.

Neil Prenn, P.Eng. and Paul Tietz, C.P.G. of MDA are the Qualified Persons under National Instrument 43-101 who are the authors of the Amended Technical Report and who have also reviewed and approved the technical content of this news release.

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.

February 7th, 2017|

Rye Patch Gold Appoints Investor Relations Consultant

120 West Strategic Communications of Reno, Nev., engaged by Company

Vancouver, British Columbia, January 17, 2017 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) announced today that it has engaged 120 West Strategic Communications LLC (“120 West”) to provide investor relations and corporate communications for the Company.  120 West is a Nevada-based company which provides value for its clients through strategic marketing and communication plans.

Pursuant to the investor relations agreement, Ira M. Gostin, MBA, president and chief marketing officer of 120 West, will oversee all investor relations services on behalf of Rye Patch, which include marketing, strategic communications and public relations, for a 12-month period.

“We are thrilled to be working with Ira and his team to assist us in promoting Rye Patch to the investment community,” William C. Howald, Rye Patch president and CEO, said. “With the Florida Canyon mine approaching production, this is a critical time for the Company to be effective with our messaging and communications.”

Mr. Gostin has over 25 years’ experience in corporate communications and has a bachelor’s degree from California State University, Long Beach, has a master’s degree in business from the University of Phoenix, is a graduate of the Columbia University Leadership Program and has completed executive continuing education programs at the Colorado School of Mines and NYU. He is a member of the Public Relations Society of America and the National Investor Relations Institute.  Prior to founding 120 West in 2016, Mr. Gostin was a founding executive of Tahoe Resources Inc. (TSX: THO) (“Tahoe”) and oversaw all communications and investor relations for Tahoe beginning with its 2010 initial public offering on the Toronto Stock Exchange.

In consideration for the services provided, Rye Patch will pay 120 West a total fee of USD $139,000, payable in monthly installments of USD$11,583.33, in addition to reimbursement for expenses. There are no stock shares or options granted as compensation in the arrangement.

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.

January 17th, 2017|

Rye Patch Gold Loads Leach Pad At Florida Canyon

Nevada mining operations continue on schedule and budget

Vancouver, British Columbia, January 5, 2017 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) is pleased to announce that within four months of commencement of the Florida Canyon Restart Project in Nevada, Rye Patch has achieved a major milestone of loading oxide material onto the South Heap Leach Pad Expansion.

“The Florida Canyon team has worked to achieve this transformational milestone with great enthusiasm,” William C. Howald, Rye Patch’s President and CEO, said. “The Project was completed in just four months and has placed the Company on the verge of becoming Nevada’s next gold producer.”

The Florida Canyon Restart Project consisted of three key elements: refurbishing the mining fleet, moving the crusher and building the new leach pad.

The December purchase of an additional Caterpillar 993K loader completes the mining fleet. The fleet now consists of three loaders, eleven 150-ton haul trucks and five 100-ton haul trucks.

Mining commenced from the Jasperoid Hill deposit on November 1, 2016, and oxide material has been stockpiled adjacent to the crusher. With the crusher fully operational as of December 24, 2016, material is now being placed on the lower one-third portion of the phase one cell of the new leach pad. To date, approximately 45,500 tonnes have been placed on the pad.

“The crusher expansion and move concluded with the delivery of the lime silo in December,” Howald said. “With this last piece of equipment, the crusher is now fully operational.”

The projected ramp-up to 600,000 tons per month production (545,000 tonnes per month) is on track for April 2017. The first gold pour from the new leach pad is projected to occur in February, ensuring timely delivery in accordance with Company projections.

Howald added, “While spot gold prices remain soft, the Company has the benefit of selling 100% of its sales into its hedge contract price of USD $1,276 per ounce, providing stability during the start-up and initial stages of production.”

Mr. William Howald, AIPG Certified Professional Geologist #11041, Rye Patch’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 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.

January 5th, 2017|

Rye Patch Gold Announces Appointment of New Director

Vancouver, British Columbia, December 14, 2016 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) is pleased to announce the appointment of Tim Baker to the Board of Directors of the Company as an independent director.

Mr. Baker has over 35 years’ experience with mining companies in management and operations, which he attained through his various management positions at globally focused mid-tier and senior mining companies.

“Tim is a welcome addition to our Board of Directors,” said William C. Howald, CEO and President of Rye Patch. “His extensive experience in management and operations with producing mining companies will be invaluable as we move the Company into commercial production at Florida Canyon. Tim’s background and depth of experience with Boards of Directors of publicly-traded companies will also be of benefit as the Company moves to enhance its corporate governance processes.”

Tim Baker is currently Chairman of the Board of Golden Star Resources, and a director on the Antofagasta PLC and Sherritt International boards.  He was previously Executive Vice-President and Chief Operating Officer at Kinross Gold Corp.  Prior to joining Kinross in 2006, Mr. Baker was Executive General Manager of Placer Dome Chile.  He has previously managed mining operations in Chile, Tanzania, Venezuela and the USA, and held production and geological roles in Kenya, Liberia and Canada.

Tim has a B.Sc. in Geology from Edinburgh University and is a member of the Institute of Corporate Directors.

The Company has granted 300,000 common shares at an exercise price of $0.30 per share to Mr. Baker for a term of ten years.  The options will vest over 2 years, with 25% vesting 6 months following the grant date and a further 25% every 6 months thereafter.

About Rye Patch Gold Corp. 

Rye Patch Gold Corp. is a Nevada based, Tier 1, well-funded mining company led by a seasoned management team with a wide range of operations and project development successes.  The team is 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.  Benefitting from its strong financial position, the Company has leveraged its cash to acquire the operating Florida Canyon gold mine.  The Company 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 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.

December 14th, 2016|

Rye Patch Gold – Progress Continues On-Track at Florida Canyon Mine

Vancouver, British Columbia, November 23, 2016 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) is pleased to provide an update on the Florida Canyon restart project.

The project continues on track and as of mid-November the project has achieved 70% completion, highlights:

  • The crusher move is complete and all long lead items have arrived;
  • Stock-piling of ore has commenced;
  • Pregnant and barren ponds are complete;
  • Plastic liner is rolling across the lower 1/3 of the leach pad;
  • First and second drawdown of credit facility achieved; and
  • Project is on budget and is fully funded.

Download Full News Release

November 23rd, 2016|

Rye Patch Provides Corporate Update

Vancouver, British Columbia, November 18, 2016 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) wishes to announce the resignation of Randy Buffington from the Board of Directors.  The Company thanks Mr. Buffington for his services to the Company and in particular, for his tremendous efforts and support in the Company’s successful acquisition of the Florida Canyon mine this past summer.

The Company expects to fill the vacancy on the Board arising from Mr. Buffington’s resignation shortly.

About Rye Patch Gold Corp. 

Rye Patch Gold Corp. is a Nevada based, Tier 1, well-funded mining company led by a seasoned management team with a wide range of operations and project development successes.  The team is 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.  Benefitting from its strong financial position, the Company has leveraged its cash to acquire the operating Florida Canyon gold mine.  The Company 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 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.

November 18th, 2016|

Rye Patch Provides an Update on the Florida Canyon Mine Re-start

Vancouver, British Columbia, September 27, 2016 – Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch”) is pleased to provide an update of the ongoing activities at the Florida Canyon mine.  Overall, the critical path to restart is on schedule and on budget for completion in Q4 of 2016.  The 3 critical items to re-start are: 1) building the new phase-1 leach pad, 2) moving the crusher, and 3) refurbishing the fleet.

Building the new phase-1 leach pad
The construction of the phase-1 leach pad is currently on schedule and under its $8mm budget.

On August 25th coarse earthwork started on pad and associated ponds.  Currently 75% complete, the clay under liner is being manufactured on site, while plastic liner for the ponds and pad will be rolled out in October.

The pad is 100 acres (405,000 square metres) in surface area and, along with the ponds and piping, will be completed with ore anticipated to be placed on the pad by the end of November 2016.

Moving the crusher
The crusher relocation project is ahead of schedule and on target for its $2mm budget.

The crusher is being moved from the Standard mine approximately 8km (5miles) northward to the Florida Canyon lay down yard; coarse earthwork at the crusher site is almost complete, and the foundation work has started.  A concrete foundation will be poured at the end of September; the crusher will be mounted to the foundation and should be operational by approximately mid‑October.  Stockpiling and crushing of over liner and ore will commence at the end of October.

Refurbishing the fleet
The fleet maintenance is ahead of schedule and under its $3mm budget.

One loader and 4 trucks currently remain to be refurbished.  The full complement of the fleet is three (3) loaders, twelve (12) 785 Cat haul trucks, five (5) 777 Cat haul trucks, two (2) water trucks and one (1) grader.

Pouring Gold
The Florida Canyon restart is on schedule to produce gold from the new leach pad facility in late 2016 and to ramp up toward full production in Q1 2017.  Manpower ramp-up is also in progress, with the full complement of staff to be on site in late 2016 – early 2017.

Florida Canyon Mining Inc. 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 contributing to Florida Canyon re-start costs.

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 Nevada based, Tier 1, well-funded mining company led by a seasoned management team with a wide range of operations and project development successes.  The team is 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.  Benefitting from its strong financial position, the Company has leveraged its cash to acquire the operating Florida Canyon gold mine.  The Company 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 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

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, 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.

September 27th, 2016|