Rye Patch Gold Corp (TSX.V: RPM; OTCQX: RPMGF) (“Rye Patch” or the “Company”) is pleased to report that investors of the December 2009 private placement have fully exercised their share purchase warrants, resulting in the issuance of 11,850,500 common shares of the Company at the exercise price of $0.35 per common share for proceeds of $4,147,675.