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Rye Patch Gold Announces Closing of Sale of Rochester Royalty and Final Royalty Payment

In connection with the sale of the Royalty, the Company also received a final Royalty payment in the amount of US$313,701.86, representing the final Royalty amounts accruing up to the closing date.

Vancouver, British Columbia, June 1, 2017 - Rye Patch Gold Corp. (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) (the “Company” or “Rye Patch” - https://www.commodity-tv.net/c/search_adv/?v=297397) is pleased to announce completion of the sale to Coeur Rochester, Inc. of the Company’s 3.4% net smelter return royalty (the “Royalty”) for total consideration of US$5,000,000 in cash.

In connection with the sale of the Royalty, the Company also received a final Royalty payment in the amount of US$313,701.86, representing the final Royalty amounts accruing up to the closing date.

About Rye Patch Gold Corp.

Rye Patch Gold Corp. is a Nevada based, Tier 1, mining company engaged in the mining and development of quality resource-based gold and silver mines and projects along the established Oreana trend in west central Nevada. Leveraging its strong financial position and cash to acquire the operating Florida Canyon Gold Mine, Rye Patch Gold Corp. now controls a trend-scale platform with operations, replacement assets and exploration upside. The combination of operations and exploration concentrated along a major Nevada gold trend positions Rye Patch as an emerging mid-tier gold producer with tremendous value added potential. For more information, please visit our website at www.ryepatchgold.com.


On behalf of the Board of Directors

For additional information contact:

‘William Howald’

Rye Patch Gold Corp

William C. (Bill) Howald, CEO & President

info@ryepatchgold.com

 

Tel.: (604) 638-1588

In Europe:
Swiss Resource Capital AG – Jochen Staiger
info@resource-capital.ch - www.resource-capital.ch

Fax: (604) 638-1589

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.

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Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at info@resource-capital.ch. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

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