RYG

Ryan Gold Corp. (TSX VENTURE:RYG) ("Ryan Gold") announces that it has amended
the terms of its agreement with Castillian Resources Corp. (TSXV:CT)
("Castillian") pursuant to which Ryan Gold has been granted the option to
acquire a 10% working interest in the option held by Castillian to acquire a
100% interest in the Hope Brook Gold property and associated properties
(collectively, the "Property").  


In order to acquire its working interest, Ryan Gold is required to incur
aggregate exploration expenditures on the property of $2,000,000 (the
"Expenses") by December 31, 2012. Upon Ryan Gold acquiring this interest,
Castillian and Ryan Gold will form a joint venture under which Ryan Gold will
have a carried 10% interest until December 31, 2013, following which each
company will contribute to further expenditures on the Property in proportion to
their respective joint venture interests. 


As part of this agreement, Ryan Gold has an option to transfer its 10% interest
back to Castillian prior to June 30, 2013 for that number of shares of
Castillian that is equal to the sum of all expenditures incurred on the Property
by Ryan Gold (the "Expenditures") divided by the greater of (a) $0.05 and (b)
the market price of Castillian's common shares on the TSX Venture Exchange at
the time Ryan Gold exercises this option, less the maximum discount permitted
under the policies of the TSX Venture Exchange. At any time prior to December
31, 2013, Castillian will have the option to purchase the interest back from
Ryan Gold in consideration for, at Castillian's option, either a cash payment to
Ryan Gold equal to the Expenditures or 40,000,000 Castillian shares. 


The transaction with Castillian has been accepted by the TSX Venture Exchange. 

About Ryan Gold Corp. 

Ryan Gold Corp. is an exploration company focussed on gold exploration primarily
in the Yukon Territory, Canada. The Company is well funded and has a large land
package of approximately 470,000 hectares comprised of 80 different properties.
The company's flagship property is Ida Oro. During the summer of 2010 a soil
sampling programme completed on Ida Oro revealed a significant, greater than 100
ppb Au, gold-in-soil anomaly over an area of 4 km by 1.2 km. In 2011 the Company
completed an 11 hole drill campaign for a total of 2,854 m. The Company has
completed its 2012 drill programs on the Ida Oro and Flume Properties, and
continues to systematically explore a number of its other properties.


Forward Looking Statements - Certain information set forth in this news release
may contain forward-looking statements that involve substantial known and
unknown risks and uncertainties. These forward-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the control of
Ryan and Castillian, including, but not limited to the impact of general
economic conditions, industry conditions, volatility of commodity prices,
dependence upon regulatory approvals, the availability of financing and
exploration risk. Readers are cautioned that the assumptions used in the
preparation of such information, 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ryan Gold Corp.
David Schmidt
Interim Chief Executive Officer
(604) 639-3119

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