RILEY GOLD CORP - RLYGF STOCK NEWS

Riley Gold Corp reports on the first drill hole (PWC 01-24) at its Pipeline West/Clipper Gold Project in Nevada by Kinross Gold. The hole was completed to 3,592.5 feet depth, successfully intercepting 1,248 feet of lower plate carbonates, including Wenban Formation units, starting at 2,345 feet depth. The Wenban Formation hosts all major gold deposits (>5M oz) in the Cortez District. Samples have been submitted to ALS Labs with results pending. The drilling is part of an agreement where Kinross can earn up to 75% interest in PWC by spending US$20 million. Kinross also holds a 9.9% strategic equity interest in Riley Gold.

Riley Gold Corp. (TSXV: RLYG, OTCQB: RLYGF) announced the commencement of drilling at its Pipeline West/Clipper Gold Project (PWC) in Nevada's Cortez District. The drilling is managed and funded by Kinross Gold, which can earn up to a 75% stake in the project by investing at least $20 million. The PWC project, covering approx. 24.7 km², is located in a prolific gold-producing area. Kinross has also acquired a 9.9% equity interest in Riley Gold. The drilling will target previously unexplored areas with promising geological features. Paul Dobak, Riley Gold's technical committee member, brings extensive experience in Nevada's mineralization. Initial permits have been secured from the Bureau of Land Management.

Riley Gold Corp. announces Paul Dobak joining as part of the technical advisory committee for its Nevada-based exploration, including the Pipeline West Clipper Gold Project. The company recently secured a USD$20M earn-in agreement with Kinross Gold for the project, situated in a highly prospective area in Nevada.

Riley Gold Corp. announces the successful closure of its private placement, raising C$1.5 million through the issuance of 10,000,000 units at C$0.15 per Unit. Kinross Gold subscribed for 2,217,815 Units, representing a 9.9% ownership interest in the Company. The Private Placement also saw participation from insiders, totaling 3,037,185 Units. All securities issued will be subject to a hold period of four months and one day.

Riley Gold Corp. increases private placement size to meet investor demand, offering up to 10,000,000 units at C$0.15 per unit with total gross proceeds of up to C$1,500,000. Kinross Gold to subscribe for 9.9% ownership interest. Directors and officers to participate in the placement. Proceeds for project exploration and working capital.

Riley Gold Corp. announces a private placement with Kinross Gold U.S.A., Inc., granting Kinross the right to earn up to a 75% interest in Riley Gold's Pipeline West/Clipper Gold Project by spending a minimum of US$20 million. Kinross will assume operatorship of the project and take a strategic 9.9% equity interest in the Company through the private placement. The agreement includes reimbursement of expenditures, two earn-in options for Kinross, formation of a Project Technical Committee, creation of a joint venture, dilution provision, and a non-brokered private placement of up to 8,000,000 units at C$0.15 per Unit with Kinross subscribing for a 9.9% ownership interest in the Company.