Mr. Michael Skead reports

RYAN GOLD PROVIDES EXPLORATION UPDATE

Ryan Gold Corp. is providing an update on its 2011 $15.04-million work program.

The major focus of this year's program is preparation of the Ida Oro project for drilling, as well as grid and ridge and spur soil sampling, and initial regional mapping and airborne geophysical surveys on the Fifty Mile, Kluane, Nug and PDM projects. Additional staking is also being completed to augment the company's land position in and around key existing project areas and on new projects.

Exploration began June 13 and the company currently has 23 field staff members based out of its Dawson exploration office. Ground Truth Exploration, the company's staking and soil sampling contractor, has 50 people divided into 10 helicopter-supported crews. In 2011, Ground Truth will spend approximately 50 per cent of its time working on the company's programs, and this percentage is expected to increase to approximately 80 per cent in 2012, as the company's field programs expand.

Ida Oro

The Ida Oro project covers 23,976 hectares and is located 90 kilometres to the east of Dawson City. Ida Oro is 35 kilometres from the nearest road access and work at Ida Oro is helicopter supported from Dawson City.

In 2010, the company completed a grid soil sampling program and aeromagnetic and radiometric surveys which identified a coincident magnetic and gold-in-soil anomaly. The gold-in-soil anomaly, greater than 100 parts per billion Au, covers an area of 4,100 metres by 1,200 metres. Topographically, the target is located in rugged terrain covering a major north-south-trending ridge. The size of the gold-in-soil anomaly, together with the rugged nature of the terrain, means that ground truthing, mapping and, where possible, identification of the structural control on mineralization is essential prior to commencement of the diamond drilling program.

Detailed geological mapping of outcrop within the Ida Oro gold-in-soil anomaly has been completed. Currently, a trenching program is under way in prospective and accessible areas. To date a total of six trenches with a cumulative length of 191 metres have been opened with 100 samples collected. Results are still pending. Drill pads are in the process of being built for the planned 12,000 m drilling program, still on schedule to start in early August.

Ryan Gold added to its land position within the Ida Oro project area by staking two additional claims blocks, RS and MLM, totalling 144 claims and 275 claims, respectively. The company now holds a total of 3,613 claims within the Ida Oro project area.

Regional soil sampling on other projects

Both grid and ridge and spur sampling are progressing well. To date a total of 19,488 samples have been collected within the first month of exploration. Of the 19,488 soil samples collected, 6,194, 5,849 and 7,445 samples have been collected from the Ida Oro, Fifty Mile and the Kluane projects, respectively.

Initial exploration of Fifty Mile and Kluane regional projects

The Fifty Mile and Kluane project areas are located approximately 75 kilometres and 350 kilometres west and south-southeast of Dawson City. Historical work on the projects by Shawn Ryan included reconnaissance grid and ridge and spur soil geochemical sampling programs. The Fifty Mile project area is helicopter supported from Dawson City while the Kluane projects are supported out of Burwash and/or Haines Junction, located on the Trans-Alaska Highway. Regional reconnaissance mapping and limited trenching have started on both the Fifty Mile and Kluane project areas. Three trenches totalling 380 m and 172 samples have been completed on the Fifty Mile project. Results are pending.

Airborne geophysical program on other regional projects

The airborne magnetic and radiometric survey, totalling approximately 24,500 line kilometres, is due to start in the week of July 18. The survey has been delayed by several weeks due to inclement weather and abnormal solar magnetic storms that have been encountered this year. The detailed airborne magnetic and radiometric geophysical programs on the company's regional projects are the first stage of follow-up exploration to ridge and spur soil sampling previously completed by Mr. Ryan. Targets identified in these programs are expected to be followed up by more detailed soil sampling, reconnaissance mapping and, where possible, surface sampling and trenching in late 2011 and 2012.

Summary

The fieldwork at Ida Oro has progressed well and the company remains on target to commence an initial drill program in August, with results expected toward the end of September. Detailed mapping has confirmed the potential of the Ida Oro soil anomaly to be a very large target. Work on the company's other regional projects has progressed as well as can be expected in the challenging wet weather conditions that have been experienced in the Yukon this summer. The company remains on track to generate at least three other projects for drilling in the summer of 2012 from this work.

Ryan Gold is fortunate to be able to rely on Ground Truth Exploration's infrastructure and experience in working efficiently in the Yukon. The company continues to endeavour to build its technical teams. Attracting experienced and knowledgeable geologists capable of managing the company's work programs remains a key success factor and a major challenge in the current labour market. Training of existing technical teams and recruiting of additional geological staff remain a key focus of Ryan Gold.

The exploration program is supervised by Ian Gendall, PrSciNat, vice-president, exploration, of Ryan Gold, who is the qualified person within the definition of that term in NI 43-101. Michael Skead, MAusIMM, a qualified person within the definition of that term in NI 43-101, has prepared and reviewed the technical information in this news release.

An updated presentation on the company and its 2011 exploration program has been posted at its website.

We seek Safe Harbor.