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

Rye Patch Gold Corp.

October 15, 2008 09:00 ET

Rye Patch Gold Drills 15.2 Metres Grading 1.41 g/t Gold at Wilco

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 15, 2008) - Rye Patch Gold Corp. (TSX VENTURE:RPM)(TSX VENTURE:RPM.WT)(OTCBB:RPMGF) ("Rye Patch" or the "Company") releases assay results from the Company's phase-2 drilling program on the Wilco project. The drilling program was completed on October 4, 2008 and finished with a total of 32,287 feet (9,841 metres) in 39 reverse circulation drillholes. The phase-2 program is intersecting multiple intervals with gold grades over significant thicknesses which will likely expand the Wilco resource. Table 1 summarizes drill interval results, using a 0.01 opt (0.34 g/t) cutoff for intervals greater than 10 feet (3 metres), for eleven drillholes from WR-060 to WR-070 totaling 13,745 feet (4,190 metres).



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WILCO PROJECT: 2008 REVERSE CIRCULATION DRILL PROGRAM (WR-060 to WR-070)
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Hole
Target Au interval From To TD
Drillhole Area g/tonne metres metres metres (metres)
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WR-060 Section Line 0.45 7.6 166.1 173.7
---------------------------------------------------------------- 370.3
WR-060 Section Line 0.69 6.1 178.3 184.4
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WR-061 Section Line 1.23 3.0 161.5 164.6
----------------------------------------------------------------
WR-061 Section Line 0.38 6.1 256.0 262.1
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WR-061 Section Line 1.34 18.3 271.3 289.6 321.6
----------------------------------------------------------------
WR-061 Section Line 1.47 7.6 292.6 300.2
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Including 4.73 1.5 295.7 297.2
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WR-062 Section Line 0.34 3.0 108.2 111.3
----------------------------------------------------------------
WR-062 Section Line 0.55 9.1 225.6 234.7
---------------------------------------------------------------- 312.4
WR-062 Section Line 3.43 3.0 240.8 243.8
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WR-062 Section Line 1.41 15.2 260.6 275.8
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WR-063 Pay-Dirt 0.48 4.6 10.7 15.2
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WR-063 Pay-Dirt 0.45 3.0 36.6 39.6 285.0
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WR-063 Pay-Dirt 0.38 3.0 53.3 56.4
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WR-064 Pay-Dirt 0.51 6.1 24.4 30.5
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WR-064 Pay-Dirt 0.34 3.0 39.6 42.7 91.4
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WR-064 Pay-Dirt 0.34 9.1 54.9 64.0
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WR-065 South-Pit 0.51 6.1 64.0 70.1
---------------------------------------------------------------- 288.0
WR-065 South-Pit 0.51 3.0 134.1 137.2
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WR-066 South-Pit 0.69 7.6 128.0 135.6 291.1
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WR-067 South-Pit 0.45 3.0 79.2 82.3
---------------------------------------------------------------- 275.8
WR-067 South-Pit 0.38 3.0 128.0 131.1
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WR-068 South-Pit 1.30 15.2 77.7 93.0
---------------------------------------------------------------- 190.5
WR-068 South-Pit 0.48 4.6 131.1 135.6
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WR-069 Section Line 0.41 7.6 166.1 173.7 213.4
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WR-070 Section Line 1.06 4.6 125.0 129.5
---------------------------------------------------------------- 167.6
WR-070 Section Line 1.27 4.6 135.6 140.2
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NSV equals No Significant Values TOTAL METERAGE 2,807.2


Step-out drilling in the Section Line area extends the gold zone and shows the mineralization continues to the west along the crest of the anticline. In addition, WR-061 and WR-062 demonstrate mineralization is open to the west along an east-west fault zone and toward the North Area target where recent drilling cut over 200 feet (61 meters) of intense quartz-pyrite stockwork breccias and veining. Assay results for the North Area drilling are pending at this time.

In the Pay Dirt area, initial drilling, WR-063, 64 and 65, confirms near-surface oxide along an east-west structural zone. Based on the initial results, additional drillholes are warranted in the target. Given the geologic understanding of the target, the Pay Dirt zone could potentially add additional inferred mineralization to the Wilco resource model.

Drilling in the South Pit area suggest the mineralization is thinning as shown in drillholes WR-065, WR-066, and WR-067 as the drillholes move off the anticlinal fold axis. An east-west oriented, post-mineral fault is also suspected between drillholes WR-067 and WR-068.

"Rye Patch Gold is now a two horse company with good gold results being delivered from Lincoln Hill (21.3 metres grading 27.16 g/t gold including an interval of 7.6 metres grading 75.44 g/t gold), and continued good results coming from multiple drillholes at Wilco. The new Wilco mineralization continues to support our geologic model although we have had some nice surprises. Drilling in the North area has shown significant thicknesses of alteration which if mineralized will potentially add gold ounces to the Wilco resource," surmised Rye Patch's CEO and President, William C. (Bill) Howald.

Drilling is nearing completion at Wilco and Jessup. Assay results for drillholes WR-049 to WR-069 were released on September 17, 2008. The Company will have additional drill results for Wilco, and Jessup projects over the next 8 weeks. A third drill rig will be mobilized to follow up on positive assay results from the Lincoln Hill project.

As released on the Company's Wilco project on May 12, 2008, and on the Jessup project in December 11, 2007, Rye Patch Gold now holds 779,517 ounces of gold and gold equivalent in the measured and indicated category plus 1,151,776 ounces of gold and gold equivalent in the inferred category. The table below summarizes the resources for Rye Patch Gold's advance-stage projects.




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Table 2: Rye Patch Gold's NI43-101 Gold Resource Inventory
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Contain-
ed
Gold &
Contain- Contain- Gold
Resource Gold Silver ed ed Equiv.
Category Tons Grade Grade Gold Silver Ounces
Property (1) (X 1,000) opt opt Ounces Ounces (3)
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Wilco(2) Measured 8,091 0.018 NC 146,701 NC 146,701
Indicated 32,950 0.015 NC 478,816 NC 478,816
Inferred 99,978 0.011 NC 1,124,776 NC 1,124,776
--------------------------------------------------------------------------
Jessup(2) Measured 0 0 0 0 0 0
Indicated 5,423 0.022 0.31 120,000 1,655,000 154,000
Inferred 1,265 0.017 0.23 22,000 286,000 27,000
--------------------------------------------------------------------------
Total Measured Resources 146,701 0 146,701
Total Indicated Resources 598,816 1,655,000 632,816
Total Inferred Resources 1,146,776 286,000 1,151,776
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1 Conforms to 43-101 definitions for resources. All numbers are rounded.
2 Cutoff grade for Willard Measured and Indicated resource is reported at
0.0056 opt Au for oxide mineralisation and 0.042 opt Au for sulphide
mineralisation. The Inferred resource is reported at 0.0056 opt Au for
oxide, sulphide and carbonaceous ore types; however, a higher opt Au
cut-off grade may be required to upgrade the inferred resource to the
measured and indicated resource category. Cutoff grade for Jessup is
0.01 oz Au/t for oxide mineralisation, 0.015 oz Au/t for mixed material,
and 0.025 oz Au/ton for all unoxidised material;
3 Jessup Resource includes Au equivalent ounces (50 g/t Ag equals 1 g/t
Au). NC equals not calculated


Mr. William Howald, AIPG Certified Professional Geologist #11041, Rye Patch Gold's CEO and President, is the Qualified Person as defined under National Instrument 43-101. He has verified the information and has reviewed and approved the contents of this news release.

Mr. Shea Clark-Smith is overseeing the gold assay and geochemical quality control and assurance programs for Rye Patch Gold's drill programs at Wilco, Jessup and Lincoln Hill. He is responsible for creating, administering, and monitoring sample preparation and analytical QA/QC procedures for the drilling program. In sum, the QA/QC procedures will provide several measures of data quality and assure the Company that the data is representative of the original sample.

Rye Patch Gold maintains a strict quality control program at all of its projects. ALS Chemex collects the Wilco, Lincoln Hill-Gold Ridge, and Jessup drill samples onsite and transports the samples directly to the ALS Chemex's preparation and analysis facility located in Reno, Nevada. Analyses are conducted on 1-assay ton prepped samples with gold determined using industry standard fire assay methods, with an atomic absorption finish.

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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