Rye Patch Gold Corp.
TSX VENTURE : RPM

Rye Patch Gold Corp.

September 06, 2007 09:00 ET

Rye Patch Gold Corp. Doubles Wilco Gold Resource

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 6, 2007) - Rye Patch Gold Corp. (TSX VENTURE:RPM) ("Rye Patch Gold" or the "Company") announces that Mine Development Associates (MDA) of Reno, Nevada have completed the Willard Mine area gold resource estimate which doubles the combined indicated and inferred Wilco property gold resource. The combined indicated resource of 8,640,000 tons grading 0.027 opt Au for 240,000 oz Au, and combined inferred resource estimate of 3,300,000 tons for 130,000 oz of Au grading 0.037 opt Au represents a 118% increase over the previously reported Colado resource (see June 21, 2007 prospectus). The Colado and Willard resource estimates use various cutoffs for oxide and sulfide gold content. A summary, by deposit area, is tabulated below:



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Colado - Classified Resource Summary
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Cutoff Indicated Inferred
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oz Au/t Tons oz Au/t oz Au Tons oz Au/t oz Au
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0.005 39,810,000 0.012 480,000 17,270,000 0.009 160,000
0.010 18,850,000 0.018 340,000 6,360,000 0.014 90,000
0.015 7,680,000 0.027 210,000 1,340,000 0.023 30,000
0.020 4,810,000 0.034 160,000 670,000 0.030 20,000
variable(i) 4,750,000 0.032 150,000 660,000 0.027 20,000
0.025 3,350,000 0.039 130,000 400,000 0.035 10,000
0.030 2,350,000 0.044 100,000 240,000 0.040 10,000
0.035 1,680,000 0.048 80,000 150,000 0.045 7,000
0.040 1,210,000 0.053 60,000 100,000 0.050 5,000
0.045 880,000 0.057 50,000 60,000 0.054 3,000
0.050 590,000 0.061 40,000 40,000 0.061 2,000
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(i) Reported resource; based on 0.015 oz Au/t cut-off for oxide material
and 0.03 oz Au/t cut-off for sulphide material.


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Willard - Classified Resource Summary
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Cutoff Indicated(i) Inferred(i)
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oz Au/t Tons oz Au/t oz Au Tons oz Au/t oz Au
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0.005 6,030,000 0.017 100,000 18,050,000 0.017 300,000
0.010 3,890,000 0.022 90,000 11,760,000 0.022 260,000
variable(ii) 3,890,000 0.022 90,000 2,640,000 0.040 110,000
0.015 2,550,000 0.028 70,000 7,690,000 0.027 210,000
0.020 1,710,000 0.033 60,000 4,720,000 0.034 160,000
0.025 1,180,000 0.039 50,000 3,060,000 0.040 120,000
0.030 810,000 0.044 40,000 2,150,000 0.046 100,000
0.035 520,000 0.051 30,000 1,450,000 0.053 80,000
0.040 360,000 0.057 20,000 1,080,000 0.058 60,000
0.045 240,000 0.064 20,000 820,000 0.063 50,000
0.050 180,000 0.071 10,000 600,000 0.069 40,000
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(i) All sulphide material classified as Inferred

(ii) Reported resource; based on 0.01 oz Au/t cut-off for oxide material
and 0.03 oz Au/t cut-off for sulphide material.


The foregoing Colado and updated Willard resource estimate was prepared by Steven Ristorcelli, P.Geo. and Paul Tietz, C.P.Geo, both of MDA. The 43-101 updated Wilco project technical report will be posted on SEDAR at www.sedar.com on or before September 30, 2007.

It is important to note, the new resource estimate does not include data from Rye Patch Gold's on-going 2007 phase 1 drilling campaign. This drill program will be completed at the end of September with final results from the initial drillholes expected in mid-September.

"The Wilco project continues to show promising upside with this increase in gold resources. Our exploration plans continue to focus on identifying high-grade, gold-bearing structures; expanding the Colado and Willard gold resources; and making a new gold discovery on the Wilco project. The phase 1 drilling program is intersecting altered siltstone lithologies with quartz veined structural zones as predicted in our geologic model. At present, our assay results are pending, but I believe the gold results will continue to achieve our stated objectives on the Wilco project."

"In a short period of time, Rye Patch Gold has initiated a major (30,000 ft.) drill program, acquired a second resource based project - Jessup, and completed an update of the Wilco project gold resource. These achievements could not have been accomplished without our experienced, dedicated and resourceful geologic and support teams. All of these milestones lay the solid foundation and corner stones that support a value generating resource based company," stated William C. (Bill) Howald, the Company's CEO and President.

The reported gold resource estimates are based on 3-D geologic models that incorporated over 26,000 individual assays from 517 reverse circulation and 7 core drillholes -- 346 reverse circulation and 4 core drillholes in Willard and 171 reverse circulation and 3 core drillholes in Colado. Block model grades were interpolated from ten-foot down-the-hole composites using ordinary kriging. High grade outliers at Colado were capped prior to compositing based on a statistical review of the gold assays. No capping was required at Willard.

MDA classified the Colado and Willard resources by a combination of distance to the nearest sample, the number of samples, and number of holes used to estimate a block, while also taking into account project history, database quality, sample integrity and geologic understanding.

Drilling on the Wilco project continues with one Eklund reverse circulation drill rig and one Major Drilling core drill. The assay results of the phase 1 Wilco drill program are pending at this time. When received the assay data will be incorporated into a year end resource update for the Colado and Willard resource areas. A Willard and Colado resource update is anticipated in the 1st quarter of 2008.

MDA is completing a 43-101 compliant technical report for the Jessup project. The technical report and revised resource estimate should be completed early in the 4th quarter of 2007.

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 is responsible for reviewing 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 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 deposits. Rye Patch Gold is developing its primary asset -- the advanced-stage Wilco project located within the Humboldt Gold Trend in west-central Nevada, and now has acquired the Jessup project in Churchill County, Nevada.

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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