Ryan Gold

Ryan Gold is pleased to report that it intersected significant gold mineralisation from its initial exploration drill program at its Ida Oro Yukon property, located approximately 85 km east of Dawson City. Drilling results include 24.50 m grading at 2.58g/t Au, 4 m grading at 8.50g/t Au, 2 m at 12.55g/t Au, 99.50 m at 0.62g/t Au and 3.65 m at 2.43g/t Au.

The surface topography of Ida Oro is extremely steep. Fortunately, an approximate north-south ridge line cuts the long axis of the soil anomaly. This ridge line provided the easiest location to construct drill pads. The 11 drill holes cover approximately 1.9 km of the northern portion of the approximately 4-km-long original soil anomaly. Drill holes were orientated to optimally cross-cut lithology structure and intrusive-sediment contacts. Ten holes were drilled at an inclination of -45° and one hole was drilled at -50º, as lithological and intrusive contacts, as well as structures, dip steeply both to the north and south.

Ground conditions for the most part were good, and core recovery was greater than 95%. All drill core was orientated, and logging of the drill core included lithological, alteration, mineralisation and structural data capture.

In total, 2,907 drill core samples were sent for geochemical analysis. Drill cores for assaying were taken at a maximum of three metre intervals in the weathered zone, but predominantly at 1 metre intervals.

Ryan Gold is encouraged by the results of the first round of drilling at Ida Oro. This year the camp at Ida Oro will be re-opened in May. Additional surface mapping will be conducted and the start of drilling campaign is planned for early June.

The drill campaign will be conducted with two helicopter-supported drill rigs. The first rig will follow up on zones of mineralisation identified by the 2011 drill program, while the second rig will continue drill testing the southern half, approximately 2.1 km, of the >100ppb soil anomaly. The final size of the drill program will be results dependent. Drilling will continue until the end of the summer season, likely mid-September.