Rye Patch Gold Corp.

Rye Patch Gold Corp.

December 11, 2007 09:00 ET

Rye Patch Gold Completes Jessup Resource Estimate

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 11, 2007) - Rye Patch Gold Corp. (TSX VENTURE:RPM)(TSX VENTURE:RPM.WT) ("Rye Patch Gold" or the "Company") announces the completion of the resource estimate on its 100% owned Jessup project located in Churchill County, Nevada.

Mine Development Associates (MDA) of Reno, Nevada completed the resource estimate. The following table summarizes the results of the resource estimate.

Table 1: Jessup Undiluted Resource Tabulation
Gold and
Cut off Grade Gold Silver Silver alent
(oz Au/t) Tons (oz Au/t) Ounces (oz Ag/t) Ounces Ounces Class
Variable 5,423,000 0.022 120,000 0.31 1,655,000 154,000 Indicated
Variable 1,265,000 0.017 22,000 0.23 286,000 27,000 Inferred

The above tabulated resource is based on a gold grade cutoff of 0.01 oz Au/t for oxide, 0.015 oz Au/t for mixed material, and 0.025 oz Au/ton for all unoxidized mineralization. The gold equivalent portion of the resource was calculated using gold ounces plus silver ounces divided by 50 (Gold and Gold Equivalent Ounces equals gold ounces + silver ounces/50). Metallurgical recoveries from the oxide and mixed material show are over 70% while the recovery from one unoxidized sample produced a poor result (12% Au recovery).

The estimate corroborates historic resource estimates on the project and provides evidence for upside potential along newly identified structural and lithologic gold controls. One such geologic gold control is the occurrence of gold associated rhyolite volcanic domes. The margin of the northwest trending dome complex has not been tested and opens up a new geologic interpretation for gold traps on the project. Another structural control is the presence of high-grade gold (greater than 5g/t) along northeast striking vein sets. Rye Patch has identified and sampled two of these vein zones that have returned multiple high-grade gold assays.

"Since our IPO (approx. 120-days ago), Rye Patch Gold has completed a major (10,000 metre) drill program, acquired the Jessup resource project, update the Wilco project gold resource, and has finished the resource estimate on the Jessup project. I am proud and please to point out that the Company has completed everything it said it would do in 2007, and I believe Rye Patch is well positioned to achieve even greater success in 2008. Our plans to complete a update on the Wilco resource is on schedule for Q1 2008 and drilling is planned for Wilco, Jessup and Goldridge/Lincoln Hill starting in late spring. In addition, the Company will continue to seek gold opportunities that create shareholder value and leverage the gold price," beamed William C. (Bill) Howald, the Company's CEO and President.

The reported gold resource estimate is based on 3-D geologic models that incorporated over 17,000 individual gold and silver assays from 290 drillholes and 36 trenches totalling 106,935 feet. MDA constructed cross sections, spaced 50 to 100 feet apart through the entire resource area and surroundings. Drillhole information, including host lithology, oxidation state, alteration, and gold and silver values, along with the digital topography, was plotted on the cross sections and a 3-D geologic model was constructed.

MDA classified the Jessup resources by a combination of distance to the nearest sample and the number of samples used to estimate a block. The block model was constructed with blocks measuring 25 feet by 25 feet by 20 feet (high). Estimation used partial blocks based on long section interpretations to simulate vertical dilution if mined on 20-foot high benches.

The foregoing Jessup resource estimate was prepared by Steven Ristorcelli, P.Geo. and Paul Tietz, C.P.Geo, both of MDA. The 43-101 Jessup project technical report will be posted on SEDAR at www.sedar.com within 45 days of this release.

Dr. Radu Conelea, AIPG Certified Professional Geologist #06871, the Company's Chief Geologist, is the Qualified Person as defined under National Instrument 43-101 responsible for the scientific and technical work on the exploration program and has reviewed the technical disclosure in this press release.

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.

Rye Patch Gold trades on the TSX Venture Exchange under the symbol RPM and the Company's warrants trade under the symbol RPM.WT. 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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