RYG

Ryan Gold Corp. (TSX VENTURE:RYG) ("Ryan") and Carlisle Goldfields Ltd.
(TSX:CGJ)(OTCQX:CGJCF) ("Carlisle") are pleased to announce the closing of the
previously announced option transaction and $1,000,000 unit purchase (the "Unit
Purchase") whereby Carlisle has granted Ryan an option to acquire a 10%
non-diluting interest in the mining claims and mining leases comprising the
Farley Lake property located near the town of Lynn Lake, Manitoba, in which
Carlisle holds a 100% interest (the "Transaction").


Pursuant to the terms of the Unit Purchase, Ryan has purchased 6.25 million
units of Carlisle ("Units") at a price of $0.16 per Unit for aggregate gross
proceeds of $1,000,000. Each Unit consists of one common share of Carlisle (a
"Carlisle Share") and one half of one share purchase warrant (each whole share
purchase warrant, a "Warrant"). Each whole Warrant entitles the holder thereof
to acquire one additional Carlisle Share for a period of 24 months from the date
of issuance at an exercise price of $0.22 per share.


In order to acquire its interest in the property, Ryan is required to incur
aggregate exploration expenditures on the property of $2,000,000 by December 31,
2012. Ryan's 10% interest in the property is subject to certain put and back-in
rights as described in the joint press release of Carlisle and Ryan dated
October 26, 2012 (the "Joint Release").


In connection with the Unit Purchase, Carlisle has paid finder's fee as follows:
(i) a cash fee of $70,000; and (ii) 437,500 non-transferable finder's warrants
(a "Finder's Warrant"), with each Finder's Warrant entitling the holder to
purchase one common share of the Corporation for $0.22 per share at any time
within twenty-four (24) months from the date of issuance. Finders are entitled
to further compensation in the event that Ryan exercises its option as described
in the Joint Release.


The Unit Purchase and Transaction remain subject to final approval of the
Toronto Stock Exchange ("TSX").


About Ryan Gold Corp.

Ryan Gold Corp. is an exploration company focussed on gold exploration primarily
in the Yukon Territory, Canada. Ryan is well funded and has a large land package
of approximately 470,000 hectares comprised of 80 different properties. Ryan'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, Ryan completed an
11 hole drill campaign for a total of 2,854 m. Ryan has completed its 2012 drill
programs on the Ida Oro and Flume Properties, and continues to systematically
explore a number of its other properties.


About Carlisle Goldfields Limited

Carlisle Goldfields Limited is a Canadian-based gold exploration and development
company, focused on development of its mining leases and claims in the Lynn Lake
Greenstone Camp of Northern Manitoba. The properties cover approximately 20,000
hectares which include three former producing gold mines as well as numerous
other historically identified Gold Zones all within close distance of the town
of Lynn Lake.


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 Carlisle, 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
info@carlislegold.com
www.ryangold.com


Carlisle Goldfields Limited
Bruce Reid
President & Chief Executive Officer
(647) 500-4495
www.carlislegold.com

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