Rye Patch Clarifies Rochester Project Technical Disclosures

Rye Patch Gold Corp (TSX VENTURE:RPM)(OTCQX:RPMGF)(FRANKFURT:5TN) (the "Company"
or "Rye Patch") is issuing this news release to clarify the disclosure contained
in its November 6, 2012 news release. In that news release, the Company provided
estimates of tonnage and grade and contained ounces of measured and indicated
mineral resources and inferred mineral resources on the Company's LH and OG
unpatented lode mining claims based upon resource information publicly disclosed
by Coeur d'Alene Mines Corporation ("CDE"). 


The information in the news release was derived solely from public information
disclosed by CDE, and the Company has not verified any of the data that CDE has
relied upon in estimating CDE's total published resources on the Rochester
property. Accordingly, the Company withdraws all references stated in the
November 6, 2012 news release and located on the Company's website to the
tonnage, grade and contained ounces estimates calculated on the LH and OG
claims. There are no current mineral resources on the Company's LH and OG claims
and there is no assurance any mineral resources will be established in the
future.


As disclosed in CDE's presentations at the Denver Gold Forum (September 11,
2012) and the Spokane Silver Summit (October 25, 2012), written copies of which
are accessible on CDE's public website, CDE reported that 74% of CDE's measured
and indicated mineral resource tons and 59% of the inferred mineral resource
tons on the Rochester property are located on CDE's undisputed mining claims.
CDE's published 2011 year end disclosure of total Rochester mineral resources
was extracted from CDE's 10-K is also available on CDE's website and is shown in
Table 1 below.




Table 1: CDE's Coeur Rochester Inc. 2011 Measured, Indicated and Inferred   
 Resources                                                                  
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Rochester Year                                                              
 End 2011                                                                   
 Resources(1)                Ounces per Ton   Contained Ounces (100% Basis) 
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                        Tons  Silver    Gold      Silver    Gold     Ageq(2)
                                                                            
Measured         131,085,000    0.46   0.004  60,586,000 501,000  85,636,000
Indicated        120,387,000    0.43   0.003  51,762,000 366,000  70,062,000
                                                                            
M & I            251,472,000    0.45   0.003 112,348,000 867,000 155,698,000
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Inferred          40,543,000    0.58   0.003  23,619,000 122,000  29,719,000
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1.  Rochester resources from Coeur d'Alene Mines Corporation 2011 yearend
    resource table at $1,500 per ounces gold and $30 per ounce silver; 
2.  Ageq equals gold ounces times fifty plus silver ounces (Ageq =
    ((Au(i)50) + Ag).



CDE reported on December 5, 2011 that based on the 2010 year end reserve
statement, up to 20% of the proven and probable reserve was affected by the LH
and OG claims. From its September 11, 2012 and October 25, 2012 presentations,
CDE now reports that no proven or probable reserves are located on the LH and OG
Claims, notwithstanding a 19% increase in gold price ($1,220 vs. $1,025) and a
42% increase in silver price ($23 vs. $16.25) used in calculating CDE's December
31, 2011 year end reserve and resource disclosure.


Rye Patch Gold US Inc. controls over 100 square kilometres (40 sq. miles) along
the Oreana trend. The LH and OG Claims which comprise the Rochester Project
consist of 413 unpatented lode mining claims which cover over 30 square
kilometres (7,500 acres).  


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


The Company is a Tier 1, Nevada-focused and discovery-driven company seeking to
build a sizeable inventory of gold and silver resource assets in the mining
friendly state of Nevada, USA. The Company's seasoned management team is engaged
in the acquisition, exploration, and development of quality resource-based gold
and silver projects. Rye Patch Gold US Inc. is developing gold and silver
resources along the emerging Oreana trend, located in west-central Nevada, and
is exploring 66 square kilometres along the Cortez trend near Barrick's two new
gold discoveries. The Company has established gold and silver resource
milestones and time frames in order to build a premier resource development
company. For more information about the Company, please visit our website at
www.ryepatchgold.com.


On behalf of the Board of Directors 

William C. (Bill) Howald, CEO & President 

This news release contains forward-looking statements, which address future
events and conditions, which are subject to various risks and uncertainties. The
Company's actual results, programs and financial position could differ
materially from those anticipated in such forward-looking statements as a result
of numerous factors, some of which may be beyond the Company's control. These
factors include: the availability of funds, the financial position of Rye Patch
to pursue legal undertakings; the outcome of legal action relating to the
Rochester property and the LH unpatented claims, the timing and content of work
programs; results of exploration activities and development of mineral
properties, the interpretation of drilling results and other geological data,
the uncertainties of resource and reserve estimations, receipt and security of
mineral property titles; project cost overruns or unanticipated costs and
expenses, fluctuations in metal prices; currency fluctuations; and general
market and industry conditions. Litigation is inherently uncertain and factors
that could cause actual results to differ materially from those in
forward-looking statements include unexpected judicial findings of fact,
previously unknown facts arising, and decisions which depart from past legal
precedent and similar events. 


Forward-looking statements are based on the expectations and opinions of the
Company's management on the date the statements are made. The assumptions used
in the preparation of such statements, although considered reasonable at the
time of preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Rye Patch Gold Corp.
[phone]
[phone] (FAX)
[e-mail]
www.ryepatchgold.com