Ryan Gold Corp. Announces Option Agreement With Castillian Resources Corp.

Ryan Gold Corp. (TSX VENTURE:RYG) ("Ryan") is pleased to announce that it has
entered into an agreement with Castillian Resources Corp. (TSX VENTURE:CT)
("Castillian") pursuant to which Ryan has been granted the option to acquire a
10% working interest in the option held by Castillian to acquire a 100% interest
in the property known as the Hope Brook Gold property and associated properties
located in Newfoundland (the "Transaction"). 


In order to acquire its working interest, Ryan is required to incur aggregate
exploration expenditures on the property of $2,000,000 (the "Expenses") by
December 31, 2012. Upon Ryan acquiring its interest, the parties will enter into
a joint venture agreement pursuant to which each party shall contribute to
further expenditures on the property in proportion to their respective joint
venture interests from time to time.


At any time after Ryan has acquired its interest in the property and prior to
June 30, 2013, Ryan shall be entitled to transfer such interest back to
Castillian (the "Put Right") in consideration of the issuance to Ryan of that
number of shares of Castillian (each, a "Castillian Share") that is equal to the
quotient obtained by dividing (a) the sum of all expenditures incurred or deemed
to have been incurred on the property by Ryan to the date of exercise of the Put
Right, by (b) $0.05 per Castillian Share. Further, in the event that Ryan
exercises the option and acquires its 10% working interest in the property, then
at any time after June 30, 2013 and prior to December 31, 2013, Castillian shall
have the right (the "Call Right") to require that Ryan transfer such interest
back to Castillian in consideration of, at the option of Castillian, either (i)
a cash payment to Ryan that is equal to the product obtained by multiplying (a)
the sum of all expenditures incurred or deemed to have been incurred on the
property by Ryan to the date of exercise of the Call Right, by (b) $0.05; or
(ii) a number of Castillian Shares that is equal to the quotient obtained by
dividing (a) the sum of all expenditures incurred or deemed to have been
incurred on the property by Ryan to the date of exercise of the Call Right, by
(b) $0.05 per Castillian Share. Ryan may only exercise the Put Right and
Castillian shall only be permitted to exercise the Call Right in Castillian
Shares to the extent that such exercise does not result in Ryan holding 20% or
more of all of the issued and outstanding Castillian Shares at the time of
exercise. 


Commenting on the transaction, David Schmidt, Interim CEO of Ryan stated, "We
are extremely pleased to be making this investment in the Hope Brook Project. We
believe that both the historic Hope Brook Mine and its property and regional
land package have excellent exploration upside." 


The Transaction remains subject to the approval of the TSX Venture Exchange,
amongst other matters.


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 approximately 470,000 hectares comprised of 80 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.


Forward Looking Statements - Certain information set forth in this news release
may contain forward-looking statements that involve substantial known and
unknown risks and uncertainties. These forward-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the control of
Ryan and Castillian, including, but not limited to the impact of general
economic conditions, industry conditions, volatility of commodity prices,
dependence upon regulatory approvals, the availability of financing and
exploration risk. Readers are cautioned that the assumptions used in the
preparation of such information, 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: 
Ryan Gold Corp.
David Schmidt
Interim Chief Executive Officer
[phone]
www.ryangold.com