Ryan Gold Corp. Announces Shutdown of Yukon Operations and Change in Business Strategy

Ryan Gold Corp. (TSX VENTURE:RYG) ("Ryan Gold" or the "Company") announces that,
given generally poor market conditions for exploration companies, the Company
will conserve its cash, and cease exploration activities in the Yukon.
Exploration completed over the last several seasons means that the core claims
will remain in good standing for a number of years. The Company will seek joint
venture opportunities to advance its Yukon projects, particularly Ida Oro, its
most advanced stage project.


Going forward, the Company plans to evaluate assets for junior mining companies
that are more advanced than its Yukon projects. The Company presently has
approximately $20 million in working capital, which the Company will seek to
deploy into projects or investment opportunities that have become available
because of current poor market conditions.


The Company also announces the filing of the unaudited condensed interim
consolidated financial results for the Company for the third quarter ending
September 30, 2013. The full version of the financial statements and the
management discussion and analysis can be viewed on the Company's web site at
www.ryangold.com or on SEDAR at www.sedar.com. 


The Company regularly reviews the carrying amounts of its non-financial assets
to determine whether there is any indication that those assets have suffered an
impairment loss. Mineral property interests are tested for impairment when facts
and circumstances suggest that the carrying amount of the mineral property
interests exceed their recoverable amounts. The Company has no present plans for
further exploration on either the Ida Oro or Quartz Claims Properties, and has
no 2014 money budgeted for Yukon exploration. Therefore it has written down its
mineral property interests to zero as at September 30, 2013. The non-cash loss
attributable to this impairment is $24,552,464. The Company also recorded an
impairment on its vehicles and field equipment of $466,063 due to the cessation
of exploration activity in the Yukon.


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.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


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