Rye Patch Gold Corp.
OTC Bulletin Board : RPMGF

Rye Patch Gold Corp.

January 27, 2010 15:37 ET

Rye Patch Appoints In-House Corporate Development Representative

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2010) - Rye Patch Gold Corp. (TSX VENTURE:RPM)(OTCBB:RPMGF) ("Rye Patch" or the "Company") is pleased to announce the appointment of Mr. Lindsay Malcolm as its in-house Corporate Development representative. Mr. Malcolm has an extensive background and experience with a number of TSX Venture and other companies, both in mining and other sectors.

Mr. Malcolm will be responsible for all aspects of the Company's Investor Relations program. His objective is to create effective communication between the Company, its shareholders and the investment community. Mr. Malcolm has enjoyed a 20-plus year career in the public markets, primarily in Investor Relations and Corporate Development. He has been involved with several exploration projects that have become operating mines. His goal is to assist shareholders to rely on and consult with the Company to ensure that they have the most recent information. Mr. Malcolm is a Vancouver resident and was educated in both California and Washington State, with a focus towards business management and public relations.

"The addition of Mr. Malcolm to the Management team at RPM will provide our shareholders and the financial community with a single point of contact for reliable information concerning the activities of the Company," commented Bill Howald, President & CEO. "Importantly, having a dedicated Investor Relations function will certainly free-up management's time and allow for an increased focus on strategic management. While current personnel remain accessible, I invite any interested shareholders to give Mr. Malcolm a call on our Investor-only phone number, 604-638-1588 at their convenience."

In consideration for his services, commencing on February 1, 2010, the Company will pay Malcolm a fee of $5,500 per month plus reimbursement of all related expenses which shall continue for an initial period of three months and thereafter, shall be automatically renewed on a monthly basis. The Company has also granted Malcolm stock options to purchase up to 50,000 common shares of the Company at an exercise price of $0.35 per share, which shall vest as to 25% every three months following the grant date. Malcolm currently holds or has control or direction over 75,000 shares.

The appointment of Mr. Malcolm as an investor relations consultant to the Company is subject to TSX Venture Exchange approval.

About Rye Patch

Rye Patch Gold Corp. is a Tier 1, Nevada-focused and discovery-driven company seeking to build a sizeable inventory of gold and silver resource assets in the mining friendly state of Nevada, USA. The Company's seasoned management team is engaged in acquisition, exploration and development of quality resource-based gold and silver projects. Rye Patch Gold is developing its primary assets – the advanced-stage Wilco project located within the emerging Oreana gold trend in west-central Nevada and the Jessup project in Churchill County, Nevada. The Company has established gold and silver resource milestones and time frames in order to build a premier resource development company. For more information about Rye Patch Gold, please visit our website at www.ryepatchgold.com.

On behalf of the Board of Directors

William C. (Bill) Howald, CEO & President

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.

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