Ryan Gold Announces Drill Results on Flume Property

Ryan Gold Corp. (TSX VENTURE:RYG), "Ryan Gold" or the "Company") announces drill
results from the nine diamond drill hole (2,307m) program on the Flume Property,
where the company is in the process of earning a 51-per-cent interest from
Bearing Resources Ltd. (TSX VENTURE:BRZ).


Summary of Drill Hole Results - Flume



----------------------------------------------------------------------------
Drill Hole             NORTHING        EASTING        AZIMUTH          INCL.
(#)                       (UTM)          (UTM)      (degrees)      (degrees)
                                                                            
----------------------------------------------------------------------------
FL12-001                 547694        7037166            132            -50
----------------------------------------------------------------------------
FL12-002                 547903        7036932            131            -50
----------------------------------------------------------------------------
FL12-003                 548353        7036552            131            -50
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
FL12-004                 548589        7036308            132            -50
----------------------------------------------------------------------------
FL12-005                 548806        7036087            131            -50
----------------------------------------------------------------------------
FL12-006                 549336        7036125            132            -50
----------------------------------------------------------------------------
FL12-007                 549470        7035599            129            -50
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
FL12-008                 548405        7036300             45            -50
----------------------------------------------------------------------------
FL12-009                 548354        7036484             45            -50
----------------------------------------------------------------------------
                                                                            

----------------------------------------------------------------------------
Drill Hole                                     MINERALISATION             Au
(#)                        FROM             TO       Interval          (g/t)
                            (m)            (m)            (m)               
----------------------------------------------------------------------------
FL12-001                 180.00         181.00           1.00           1.23
----------------------------------------------------------------------------
FL12-002                                              No Significant Results
----------------------------------------------------------------------------
FL12-003                  82.30          83.00           0.70           1.42
----------------------------------------------------------------------------
                          89.50          90.30           0.80           1.04
----------------------------------------------------------------------------
                          92.00          93.00           1.00           2.25
----------------------------------------------------------------------------
FL12-004                                              No Significant Results
----------------------------------------------------------------------------
FL12-005                                              No Significant Results
----------------------------------------------------------------------------
FL12-006                  32.00          34.00           2.00           5.76
----------------------------------------------------------------------------
FL12-007                  67.00          68.20           1.20           1.11
----------------------------------------------------------------------------
                          74.50          75.30           0.80           1.42
----------------------------------------------------------------------------
                         185.50         186.62           1.12           1.57
----------------------------------------------------------------------------
FL12-008                  97.50          99.50           2.00           1.35
----------------------------------------------------------------------------
FL12-009                  49.00          50.00           1.00           0.74
----------------------------------------------------------------------------



The Flume property lies approximately 60 kilometres southwest of Dawson City in
the Yukon Territory and is in the heart of the gold-rich 10-Mile River placer
district. In 2010 and 2011, the Company completed soil sampling programs on the
Flume Property. A detailed magnetic and radiometric airborne survey was flown in
2010. Results of the soil geochemical surveys and the airborne magnetic survey
have revealed an approximately 2.5 km long northwest trending soil anomaly,
greater than 100 ppb Au, that is coincident with magnetic structural features.
Smaller northern gold-in-soil anomalies are also present in the area of
confluence between the Ten Mile and Flume Creeks. The larger southern anomaly
was the focus of the 2012 diamond drill program, with all nine holes spaced over
the anomaly. Seven of the holes were drilled in alignment of the main soil
anomaly, while the final two (FL12-08 and FL12-09) were oriented with a
northeasterly azimuth in order to intersect the structures highlighted in the
geophysics, thought to be regional scale fault zones. (Please see map at:
http://media3.marketwire.com/docs/RYG_Flume_20121030.jpg) 


Drilling revealed complex geology consisting of highly strained metasediments,
high grade metamorphic rocks, intrusive dykes and volcanic horizons. Although
sulphide mineralisation was common throughout the core, this seems to be a late
stage overprinting and was not associated with gold mineralisation. The assay
results are now being studied in tandem with the core logs to try and better
understand the controls on the gold mineralisation. 


QA/QC

In total 2,906 drill core samples from Flume have been sent for geochemical
analysis. Drill cores for assaying were taken at a maximum of three metre
intervals in the weathered zone, but predominantly at 1 metre intervals. Drill
core was cut with a diamond saw with one-half of the core placed in sealed
plastic bags. Sealed plastic sample bags were placed in a security sealed bag
and delivered to ALS Chemex ("ALS Chemex") in Whitehorse, Yukon Territories.
Here the entire sample was crushed passing minus 2mm, from which a 250g split of
the crushed sample was pulverized passing minus 75 micron. Pulp samples of 100g
were shipped to ALS Chemex Vancouver where the samples were analysed for gold by
fire assay using a 50g aliquot with an ICP finish. An additional 0.5g sample
analysed by aqua regia digestion was analysed for gold and an additional 51
elements with an ICP-MS finish.


As part of the Company's QA/QC procedures, internationally recognised standards,
duplicates and blanks were inserted into the sample batches. ALS Chemex is an
ISO 9001 registered laboratory and has a quality control program in place which
includes the insertion of standard, blank, and duplicate samples, as well as
conducting repeat analyses.


The exploration program was supervised by Andy Randell, Acting Chief Geologist
of Ryan Gold. Ian Gendall, Pr.Sci.Nat., is providing his expertise as the
qualified person within the definition of that term in NI 43-101. Mr. Gendall
has also reviewed the technical information in this news release. 


Corporate Update 

The Company has terminated its option on the Fifty Mile Project. 

About Ryan Gold Corp. 

Ryan Gold Corp. is an exploration company focussed on gold exploration primarily
in the Yukon Territory, Canada. The Company is well funded and has a large land
package of over 400,000 hectares comprised of over 70 different properties. The
company's flagship property is Ida Oro. During the summer of 2010 a soil
sampling programme completed on Ida Oro revealed a significant, greater than 100
ppb Au, gold-in-soil anomaly over an area of 4 km by 1.2 km. In 2011 the Company
completed an 11 hole drill campaign for a total of 2,854 m. The Company has
completed its 2012 drill programs on the Ida Oro and Flume Properties, and
continues to systematically explore a number of its other properties.


This press release contains forward-looking statements within the meaning of
applicable securities legislation. Such statements include, without limitation,
statements regarding the future results of operations, performance and
achievements of the Company, including potential property acquisitions, the
timing, content, cost and results of proposed work programs, the discovery and
delineation of mineral deposits/resources/reserves, geological interpretations,
proposed production rates, potential mineral recovery processes and rates,
business and financing plans and business trends. Although the Company believes
that such statements are reasonable, it can give no assurances that such
expectations will prove to be correct. Forward-looking statements are typically
identified by words such as: believe, expect, anticipate, intend, estimate,
postulate and similar expressions, or are those, which, by their nature, refer
to future events. The Company cautions investors that forward-looking statements
by the Company are not guarantees of future results or performance, and that
actual results may differ materially from those in forward-looking statements as
a result of various factors, including, but not limited to, variations in the
nature, quality and quantity of any mineral deposits that may be located,
significant downward variations in the market price of any mineral that may be
produced, the Company's inability to obtain any necessary permits, consents or
authorizations required for its activities, to produce minerals from its
properties successfully or profitability, to continue its projected growth, to
raise the necessary capital or to be fully able to implement its business
strategies. All of the Company's public disclosure filings may be accessed via
www.sedar.com and readers are urged to review these materials, including any
technical reports filed with respect to the Company's mineral properties. This
press release is not, and is not to be construed as an offer to buy or sell
securities in the United States.



FOR FURTHER INFORMATION PLEASE CONTACT: 
Ryan Gold Corp.
David Schmidt, Interim CEO
[phone]
www.ryangold.com