Rye Patch Gold Corp.
TSX VENTURE : RPM
TSX VENTURE : RPM.WT

Rye Patch Gold Corp.

November 29, 2007 09:00 ET

Rye Patch Gold Drills 22.9 Metres of 1.37 g/t Gold at Section Line Discovery

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2007) - Rye Patch Gold Corp. (TSX VENTURE:RPM)(TSX VENTURE:RPM.WT) ("Rye Patch Gold" or the "Company") is pleased to report the remaining gold assay results for drillholes WR-030 to WR-048 from the Company's phase-one reverse circulation drilling program completed on the Wilco project.

Between July and October, the Company completed 48 reverse circulation drillholes totaling 30,545 feet (9,310 metres), and 4 core holes totaling 3,002 feet (915 metres) on the Wilco project in Pershing County, Nevada. The drilling was completed in five target areas - Willard Hill, South Pit, Section Line, Colado, and Area 46. Table 1 summarizes drill results, using a 0.01 opt (0.34 g/t) cutoff for intervals greater than 10 feet (3 metres).



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TABLE 1: WILCO PROJECT: 2007 REVERSE CIRCULATION DRILL PROGRAM (WR_030 to
WR_048)
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Hole
Hole Au inte-
Au inte- g/ rval From To TD
Drill Target oz/ rval From To TD ton- met- met- met- (met-
hole Area ton feet feet feet (feet) ne res res res res)
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WR_030 Willard 0.012 135 180 315 485 0.41 41.15 54.86 96.01 147.8
Hill
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WR_031 South 0.015 10 140 150 0.51 3.05 42.67 45.72
Pit
WR_031 South 0.017 45 180 225 0.58 13.72 54.86 68.58
Pit
WR_031 South 0.021 15 390 405 545 0.72 4.57 118.87 123.44 166.1
Pit
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WR_032 Section 0.014 45 315 360 0.48 13.7 96.0 109.7
Line
WR_032 Section 0.015 40 445 485 0.51 12.2 135.6 147.8
Line
WR_032 Section 0.018 85 500 585 650 0.62 25.9 152.4 178.3 198.1
Line
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WR_033 South 0.016 20 170 190 0.55 6.1 51.8 57.9
Pit
WR_033 South 0.013 25 270 295 0.45 7.6 82.3 89.9
Pit
WR_033 South 0.015 15 425 455 0.51 9.1 129.5 138.7
Pit
WR_033 South 0.054 15 530 545 1.85 4.6 161.5 166.1
Pit
Including 0.125 5 530 535 605 4.29 1.5 161.5 163.1 184.4
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WR_034 Section NSV 675 NSV 205.7
Line
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WR_035 Colado 0.016 15 100 115 0.55 4.6 30.5 35.1
WR_035 Colado 0.028 20 270 290 500 0.96 6.1 82.3 88.4 152.4
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WR_036 Colado 0.038 10 215 225 1.30 3.0 65.5 68.6
WR_036 Colado 0.012 20 310 330 0.41 6.1 94.5 100.6
WR_036 Colado 0.012 40 370 410 500 0.41 12.2 112.8 125.0 152.4
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WR_037 Colado 0.012 20 70 90 0.41 6.1 21.3 27.4
WR_037 Colado 0.015 10 145 155 0.51 3.0 44.2 47.2
WR_037 Colado 0.011 10 175 185 485 0.38 3.0 53.3 56.4 147.8
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WR_038 Colado 0.012 10 160 170 0.41 3.0 48.8 51.8
WR_038 Colado 0.011 25 180 205 0.38 7.6 54.9 62.5
WR_038 Colado 0.014 70 240 310 0.48 21.3 73.2 94.5
WR_038 Colado 0.015 20 340 360 565 0.51 6.1 103.6 109.7 172.2
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WR_039 Colado 0.014 55 55 110 0.48 16.8 16.8 33.5
WR_039 Colado 0.012 10 155 165 0.41 3.0 47.2 50.3
WR_039 Colado 0.018 50 230 280 0.62 15.2 70.1 85.3
WR_039 Colado 0.015 10 410 420 555 0.51 3.0 125.0 128.0 169.2
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WR_040 Colado 0.011 20 65 85 0.38 6.1 19.8 25.9
WR_040 Colado 0.015 15 130 145 0.51 4.6 39.6 44.2
WR_040 Colado 0.052 75 230 305 1.78 22.9 70.1 93.0
Including 0.144 10 275 285 4.94 3.0 83.8 86.9
WR_040 Colado 0.015 10 360 370 545 0.51 3.0 109.7 112.8 166.1
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WR_041 Section 0.031 60 670 730 1.06 18.3 204.2 222.5
Line
WR_041 Section 0.040 75 775 850 1.37 22.9 236.2 259.1
Line
Including 0.126 15 780 795 1,000 4.32 4.6 237.7 242.3 304.8
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WR_042 Section 0.026 100 280 380 0.89 30.5 85.3 115.8
Line
WR_042 Section 0.103 5 360 365 3.53 1.5 109.7 111.3
Line
Wr_042 Section 0.026 85 645 730 750 0.89 25.9 196.6 222.5 228.6
Line
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WR_043 Section 0.015 10 215 225 0.51 3.0 65.5 68.6
Line
WR_043 Section 0.011 10 270 280 0.38 3.0 82.3 85.3
Line
WR_043 Section 0.025 35 385 420 0.86 10.7 117.3 128.0
Line
WR_043 Section 0.037 40 570 610 750 1.27 12.2 173.7 185.9 228.6
Line
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WR_044 Section 0.011 20 220 240 0.38 6.1 67.1 73.2
Line
WR_044 Section 0.053 45 525 570 1.82 13.7 160.0 173.7
Line
Including 0.100 5 545 550 850 3.43 1.5 166.1 167.6 259.1
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WR_045 Area 46 NSV 600 NSV 182.9
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WR_046 Area 46 0.014 65 265 330 0.48 19.8 80.8 100.6
WR_046 Area 46 0.014 65 345 410 645 0.48 19.8 105.2 125.0 196.6
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WR_047 Area 46 NSV 550 NSV 167.6
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WR_048 Area 46 0.033 10 305 315 600 1.13 3.0 93.0 96.0 182.9
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NSV equals No Significant Values


"Our drilling confirms the Section Line trend is still open to the west and south, and drilling shows there is continuity between gold beneath the E-W Draw pit and the Section Line discovery area. The westerly trending gold zone appears to head toward Area 46 located 1.2 kilometres from the Section Line target. With the flat-lying geometry of the gold mineralization, the Section Line discovery should add significant new gold ounces to the Wilco project resource. The geologic team is finishing the logging and sampling of the recently completed core program which shows our geologic model is predictive."

"In addition, the Company continues to add gold ounces to its account through discovery within its gold project portfolio and acquisition of new gold project opportunities. The Company is seeking gold opportunities that continue to create shareholder value and leverage the gold price," stated William C. (Bill) Howald, CEO and President.

Using a 0.01 opt (0.34 g/t) cutoff for interval 10 feet (3 metres) or greater, 83% of the reverse circulation drillholes (WR-001 to WR-048) intersected gold mineralization. From a total footage of 30,545 feet (9,310 metres), 3,345 feet (1,020 metres) equaling 10.95% of the drilled footage was above 0.01 opt (0.34 g/t) gold.

Drillholes WR-030, WR-031 and WR-033 extend the upper mineralized zone 300 to 500 feet (92 to 152 metres) to the west, north and east respectively. Drillhole WR-034 was lost before intersecting the structural target, but intercepted 200 feet of 0.006 opt (61 metres of 0.21 g/t) gold in the footwall zone of the suspected structure.

Drillhole WR-032 was completed between the Willard Hill and the Section Line target areas, and successfully established the continuity of the mineralization in these two areas which is associated with relatively flat, low-angle structures and favorable lithologies that extend across this portion of the Willard property. The lower structural zone, which hosts the Section Line discovery, was intersected at about 430 feet (131 metres) vertical depth, and contains 85 feet of 0.018 opt (26 metres of 0.62 g/t) gold.

Reverse circulation drillholes WR-041, WR-042, WR-043 and WR-044 successfully extended the Section Line mineralization between 200 feet and 500 feet (61 and 152 metres) toward the west. At the end of this drilling program, the Section Line mineralization remains open toward the west, south and east.

Drillholes WR-035 through WR-040 were completed within the Colado gold resource area. Although the lower grade mineralization was confirmed and extended, only drillhole WR-40 intersected higher grade gold mineralization: 10 feet of 0.144 opt (3 metres of 4.94 g/t), at about 238 feet (72.5 metres) below the surface. Two of four holes, WR-045 through WR-048, designed to test the extension of the Colado resource area, intersected gold mineralization in a new target now designated Area 46, which deserves further drill testing. The Area 46 target is 1.2 kilometres west of the Section Line discovery along the east-west Willard mineralized gold trend.

The drillholes presented in the table intersected intervals of low-grade gold mineralization greater than 0.005 opt (0.17 g/t). These intervals did not meet the rigorous cutoff criteria used to define the results table, but show significant thicknesses of low-grade gold material. As an example, drillhole WR-38 intersected 270 feet of 0.013 opt (82.3 metres of 0.45 g/t) from 315 feet to 585 feet (96 metres to 178.3 metres).

All 2007 drill assay data will be incorporated into a year end resource update for the Colado and Willard resource areas. This update is anticipated in the 1st quarter of 2008. Upon completion of the resource update, the company will initiate a phase 2 drilling program in Q2.

Gold assay results from reverse circulation drillholes WR-01 to WR-13 were released on September 24, 2007 in press release 07-07 and drillholes WR-14 to WR-29 were reported on October 17, 2007 in press release 07-09.

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.

Mr. Shea Clark-Smith is overseeing the gold assay and geochemical quality control and assurance programs for Rye Patch Gold's Wilco project. He is responsible for creating, administering, and monitoring sample preparation and analytical QA/QC procedures for the drilling program.

ALS Chemex performed all analytical testing using industry-standard analytical techniques. Gold was analyzed using fire assay on a 30-gram sample 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.

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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