Rye Patch Gold Corp.
TSX VENTURE : RPM
TSX VENTURE : RPM.WT
OTC Bulletin Board : RPMGF

Rye Patch Gold Corp.

November 28, 2008 15:00 ET

Rye Patch Gold Announces Release of Previously Escrowed Securities

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 28, 2008) - Rye Patch Gold Corp. (TSX VENTURE:RPM)(TSX VENTURE:RPM.WT)(OTCBB:RPMGF) ("Rye Patch" or the "Company") announces that in connection with Rye Patch's designation as a Tier 1 issuer on the TSX Venture Exchange, an additional 2,143,750 common shares of the Company will be released from escrow, bringing the total number of common shares released from escrow to date to 4,593,750 shares.

A further tranche of 718,750 common shares of the Company will be released from escrow on January 20, 2009 in accordance with the policies of the Exchange and a final tranche of 812,500 common shares will be released from escrow on January 23, 2009 in accordance with National Policy 46-201.

Rye Patch Gold Corp. is a Nevada-focused and discovery-driven company building a sizeable inventory of gold resource assets in the mining friendly state of Nevada, USA. The Company's seasoned management team is engaged in acquisition, exploration and development of quality resource-based gold projects. Rye Patch Gold is developing its primary assets - the advanced-stage Wilco project located within the Humboldt Gold Trend in west-central Nevada and the Jessup project in Churchill County, Nevada. The Company is seeking gold opportunities that continue to create shareholder value and leverage the gold price. The Company's goal is to have 5-million ounces of gold inventory within the next 3 years. For more information about Rye Patch Gold, please visit our website at www.ryepatchgold.com.

On behalf of the Board of Directors

William C. (Bill) Howald, CEO & President

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

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