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Monday, May 17, 2010

Investorideas.com - Rye Patch Gold Corp. (OTC:RPMGF; TSX.V:RPM) Engages Consultant to Promote Investor Relations

Investorideas.com - Rye Patch Gold Corp. (OTC:RPMGF; TSX.V:RPM) Engages Consultant to Promote Investor Relations

Rye Patch Gold Corp. (OTC:RPMGF; TSX.V:RPM) Engages Consultant to Promote Investor Relations

VANCOUVER, BRITISH COLUMBIA - May 17, 2010 (Investorideas.com Mining Stocks Newswire) - Rye Patch Gold Corp (TSX VENTURE:RPM; OTC.BB:RPMGF; "Rye Patch Gold") announces that it has retained the services of Ubika Corporation ("Ubika") as a consultant to promote investor relations. Ubika will communicate with its network of brokers, retail advisors, investors and others in the investment community to raise the profile of the Company through, among other things, the preparation and distribution of research reports pertaining to the Company, making accessible the Company's profile on Ubika's flagship website portal and conducting presentations on the Company. Ubika's engagement commenced as of May 10, 2010 and will extend for a one-year term. Thereafter, the engagement will be subject to automatic renewals unless either Rye Patch Gold or Ubika terminates the engagement upon giving the other party 60 days' advance notice. In consideration for Ubika's services, Rye Patch Gold has paid Ubika an advance fee of $35,000 to cover the one-year term of engagement and will, subject to TSX Venture Exchange (the "Exchange") approval, grant to Ubika a stock option to acquire up to 100,000 common shares of the Company at an exercise price of $0.25 per share for a 5 year term and vesting in accordance with the policies of the Exchange.

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Ubika is a specialized research, analytics and capital market service company with operations in Toronto and Vancouver, Canada. The Managing Director of Ubika is Vikas Ranjan.

Other than the aforementioned grant of the stock option, none of Ubika and Vikas Ranjan owns any securities of, or holds any interest in, Rye Patch Gold, or has any right or intent to acquire any securities of, or interest in, Rye Patch Gold.

About Rye Patch Gold

Rye Patch Gold Corp. 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 acquisition, exploration and development of quality resource-based gold and silver projects. Rye Patch Gold is developing its primary assets - the advanced-stage Wilco, Lincoln Hill and Gold Ridge projects located along the emerging Oreana gold trend in west-central Nevada and the Jessup project in Churchill County, Nevada. 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 Rye Patch Gold, 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 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.

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.

Neither 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.

Contact:

(604) 638-1588
Rye Patch Gold Corp.
(604) 638-1589 (FAX)
info@ryepatchgold.com
www.ryepatchgold.com

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