Rye Patch Gold Reports Drill Results from Garden Gate Pass

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 29, 2014) - Rye Patch Gold Corp (TSX VENTURE:RPM)(OTCQX:RPMGF)(FRANKFURT:5TN) (the "Company" or "Rye Patch") is pleased to announce drilling and assay results from the 2014 drilling campaign at Garden Gate Pass in Eureka County, Nevada.

HIGHLIGHTS:

• Drillhole GGP-011 intersected gold values up to 3.45 g/t gold;
• Drilling intersected the entire Devonian Wenban host stratigraphy including a well established marker sequence; and
• Drillhole GGP-011 provides significant information to allow vectoring toward a potential gold deposit.

The 2014 Garden Gate Pass drilling campaign commenced in mid February and was completed in early April. The program consisted of two drillholes located on the eastern target of the property along trend with Barrick's Goldrush drilling to the north. A total of 1,967 metres of mud-rotary drilling was completed.

GGP-011 intersected two zones of gold mineralization. The first started at 509 metres and consists of 7.6 metres grading 0.49 g/t gold. The second zone was intersected at 528.8 metres and contained 3.45 g/t gold over 1.5 metres. The gold is in the same stratigraphic sequence as observed in GGP-002 (1.5 metres grading 0.996 g/t gold starting at 376.5 metres).

Using the gold intersections from GGP-002 (drilled in 2011) and GGP-011, a vector can be established toward the source of gold mineralization. Additional investigation is required along with integration of the geophysical data sets to determine the next drillhole location.

GGP-012 drilled a partial section of Devonian Horse Canyon Formation, and the entire upper section of the Devonian Wenban limestone. Using Barrick's stratigraphic nomenclature for the Cortez district, GGP-012 penetrated unit 8 down to the top of unit 4 including the well documented "death bed" marker horizon recognized between units 4 and 5. Although no significant assays were reported, GGP-012 establishes the positive presence of the lower plate host rocks beneath the Garden Gate Pass project.

"We are pleased with the results of the 2014 drill program, and believe we are closing in on a discovery. Drilling intersected geologically significant gold which can be combined and analyzed with gold zones from our 2011 drilling to vector toward a potential gold deposit," stated William (Bill) Howald, the Company's president and chief executive officer. "With these exciting results, and the proof that lower plate carbonates, specifically the Wenban limestone lie beneath the project area, the project remains capable of hosting the potential continuation of Barrick's high-grade Goldrush deposit."