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Rye Patch Building Sizeable Gold/Silver
Resource on Prolific Nevada Gold Trends

Aggressive drilling programs planned on multiple projects

RYE PATCH GOLD CORP.

TSX.V: RPM

Contact: Karen RobbManager, Investor Relations

1740 - 1177 West Hastings St.
Vancouver, BC Canada V6E 2K3

Phone: 604-638-1588
Fax: 604-638-1589

E-Mail: info@ryepatchgold.com

Web Site: www.ryepatchgold.com

Shares Outstanding: 28.84 million
Active Float: 2.5 million

52 Week Trading Range:
Hi: C$0.91 • Low: C$0.185


       Considering that Rye Patch Gold Corp. (
TSX.V: RPM) -- www.ryepatchgold.com -- was founded by former top managers at Placer Dome, Nevada Pacific Gold and Ivanhoe Capital, it appears more than probable the company will reach its goal of establishing a resource of about at least 5 million ounces of gold.
       Further increasing that probability is the fact Rye Patch is operating in Nevada – the third largest gold producing region in the world – where it controls four highly prospective gold properties – Wilco, Jessup, Gold Ridge and Keystone.
       The company’s advanced-stage Wilco Gold Project is a Newmont farm-out with identified global resources in excess of 1,000,000 ounces of gold, and a NI 43-101 compliant resource inventory of 500,000+ ounces of gold.
       This spring, Rye Patch anticipates adding significantly to that gold resource as the results of 2007 drilling are added to its inventory total.
       Rye Patch plans to spend $1.85 million at its Wilco, Jessup, Lincoln Hill/Gold Ridge, and Keystone South projects which cover a total of 30 square miles (78 square kilometers) within some of the best exploration trends in Nevada. The majority of the work will be directed at drilling a new discovery at Wilco and expanding the gold resources at Jessup. Work on Lincoln Hill/Gold Ridge and Keystone South will advance targets to a drill-ready stage.
       “We are building a strong, Nevada-based company with a substantial gold resource,” says Rye Patch President and CEO William Howald. “We have some of the best geologists and ore-finders in the world assuring that we achieve that goal.”

Wilco Has Two Proven Gold Resources and Multiple Exploration Targets

       Rye Patch’s Wilco Project, 160 km northeast of Reno on the western slopes of the West Humboldt Range, hosts two gold resources and multiple exploration targets – including the Willard Mine, a small heap leach operation that produced 25,000 ounces of gold and 65,000 ounces of silver from 1989-1992. Rye Patch’s option with Newmont allows the company to earn a 100% interest in the 14-square-mile Wilco project by spending $3 million on exploration by 2010. Newmont has a back-in right to acquire 70% by spending an additional $20 million in development work.
       Wilco’s two gold resource areas – Colado and Willard Hill – are epithermal low-sulfidation type deposits. A 9,310-meter reverse circulation drill program and a 915-meter core drilling program completed in 2007 expanded known resource areas, tested high grade gold structures, and identified a new discovery called Section Line.
       Rye Patch will spend $750,000 on an 8,000-meter drill program to expand the Section Line discovery zone. The geologic model indicates two sub-parallel zones that localize gold along an east-west structural corridor that are open to the west and south. The gold grades along the structural corridor are elevated indicating it may be a potential feeder zone to the flat, bulk-tonnage zones. The drill campaign will target expansion potential along the east-west structural corridor as well as link Section Line gold with the newly identified Area 46 zone located 1.6 kilometers to the west.
       “If the two zones are connected, the potential in the Section Line to Area 46 zones could be substantial,” says Howald.
       The drill program will explore a similar east-west corridor at the historic Willard Mine north of the Section Line discovery. The zone is structurally identical to the Section Line discovery area and could yield additional gold resources for the Wilco project.
       The Wilco drilling program is scheduled to start in late spring with initial drill results by fall.

Aggressive Exploration Planned at Jessup, Gold Ridge/Lincoln Hill and Keystone Properties

       Geologic mapping and sampling activities at Rye Patch’s 100%-owned Jessup Project indicates resource areas that have zones of open mineralization which have not yet been drilled, as well as several new zones. The project is located 100 km northeast of Reno, covers 2.6 square km and contains an historic resource (43-101 compliant) of 240,000 gold equivalent ounces.
       Past drilling tested four targets including the San Jacinto, Central, and North Jessup gold-silver resource areas, and the Tosh Hill deposit. In addition, mapping and sampling identified a new target zone – Gold King – which returned gold values from reconnaissance rock-chip sampling between 1.0 g/t gold to 2.6 g/t gold.
       Rock-chip sampling at the San Jacinto resource target, which is open to the northwest and at depth, yielded gold and silver values ranging from 0.20 g/t Au to 3.70 g/t Au and 0.05 g/t Ag to 1,330.00 g/t Ag. The gold-silver deposit at North Jessup remains open. Rock-chip sampling to the west of the deposit returned gold values grading 1.3 g/t gold and 0.93 g/t gold. Field work at Tosh Hill identified a zone that returned gold values of 12.6 g/t gold, 16.0 g/t gold and 8.1 g/t gold from rock-chip samples in the new area. The company plans a 3,000-meter, $550,000 drill program to address these targets to potentially expand and connect the gold resource areas. Results from the mid-summer program are expected by fall 2008.
       The Lincoln Hill/Gold Ridge property covers a total of 3,276 acres and securely positions the company along Midway Gold’s Spring Valley gold trend. To date, the Rochester mining district produced 4.5 million oz. of gold and 130 million oz. of silver.
       Rye Patch is compiling historic geologic and gold/silver assay data at its 100%-controlled Lincoln Hill project. This project, together with the adjacent and connected, 100%-owned Gold Ridge project, has the potential for a bulk-tonnage style gold/silver deposit similar to the Rochester Silver Mine and Midway Gold’s Spring Valley discovery 3 km to the northeast.
       Rye Patch’s early-stage Keystone South Project, optioned from Barrick Gold, is located within one of Nevada’s premier gold belts – the Cortez Trend. The Cortez gold trend is geologically and structurally similar to the better-known 100-million-ounce of gold Carlin trend. Barrick’s Cortez Hills deposit, which hosts a multi-million ounce gold deposit, is located immediately to the north of the project.
       Rye Patch can earn a 60% interest in the Keystone South project from Barrick Gold. The company’s geologic team is compiling known information and will start field work this spring. Rye Patch plans to spend $150,000 to define drill targets on the project.
       “We believe Keystone is a great exploration opportunity,” says Howald.

Large-Cap Management Leads Small-Cap Company

       Rye Patch’s seasoned management team has extensive experience in all facets of the mining industry, from early-stage exploration to production.
       Chairman and co-founder Joe Kajszo has over 26 years of mining and mineral exploration experience, including as President of Nevada Pacific Gold and VP Exploration for Ivanhoe Capital. Associated companies were involved in major North American and international discoveries: Venezuela Goldfields (KM 88 in Venezuela), First Dynasty Gold (Fort Knox Mine in Alaska), Diamond Field Resources (Voisey’s Bay massive sulfide deposit in Labrador), and African Minerals Corp (Platreef PGM-Cobalt deposit in South Africa).
       President, CEO and co-founder William Howald has over 22 years of mining industry experience primarily in Nevada, Mexico and Central and South America. As general manager of exploration for the U.S. and Latin America at Placer Dome, he played a substantial role in such major discoveries as Pipeline, Turquoise Ridge/Getchell, Bald Mountain and Cortez Hills in Nevada, Pueblo Viejo in the Dominican Republic and Puren in Chile.
       Other management and technical team members offer broad expertise in exploration and mining geology, operation, management, financing and analysis of mining projects around the world, as well as equity/debt capital, acquisitions and dispositions, and establishing rapid growth companies.

Investment Considerations

       Rye Patch Gold is wasting no time in assembling a package of gold-rich properties for its investors. It’s current 600,000 ounce gold inventory is poised to increase significantly as last year’s drill results are converted to resources.
       The company is operating in one of the world’s most prolific gold and silver mining regions, blessed with a stable, mining-friendly jurisdiction that creates a positive environment for mining exploration and development.
       By focusing on building a strong resource base, the company is effectively developing reserves for established area producers who eventually will need to replace their own diminishing reserves. A number of existing mills in Nevada are operated by major gold producers such as Barrick Gold and Newmont.
       “Going forward,” says Rye Patch Gold President and CEO William Howald, “we are focused on adding gold resource ounces, aggressively acquiring new resource-based projects, and building value by creating a Nevada-based, discovery driven company.”

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SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS -- Certain statements in this document constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: risks inherent in restrictions of foreign ownership; uncertainties relating to carrying on business in foreign countries; the Company's history of operating losses and uncertainty of future profitability, uncertainty of access to additional capital environmental liability claims and insurance; and dependence on joint venture partners. Certain forward-looking statements will be identified by a cross-reference to the Special Note. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate and similar expressions, or which by their nature refer to future events. The Company cautions investors that any forward-looking statements made by the company are not guarantees of future performance, and that the actual results may differ materially from those in the forward-looking statements as a result of various factors, including but not limited to, the Company's ability to be able to continue its substantial projected growth, or be able to fully implement its business strategies, or that management will be able to successfully integrate the operations of its various acquisitions. The company featured in this report has paid a fee to The Bull & Bear Financial Report for the advertorial and for the promotional services provided by The Bull & Bear Financial Report. The directors, employees of The Bull & Bear Financial Report do not own any of the stock of the above-mentioned company. The Bull & Bear Financial Report is not affiliated with any brokerage or financial company.

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