Riley Gold Corp. announced that an extensive review of data collected on the Pipeline West/Clipper Gold Project located in Lander County, Nevada, has identified historical drilling with results of 4.6 meters of 2.594 grams per tonne at 324 m including a high value of 3.84 gpt gold at 283 m in rocks of the lower plate of the Roberts Mountain Thrust. Drill logs also show that the Devonian Wenban was intersected in most of the holes that penetrated to the lower plate.

The Wenban is the primary host to gold mineralization in the prolific Cortez District, although the Silurian-Devonian Roberts Mountain Formation is also known to be an economic host rock in the Cortez Trend. PWC constitutes a very prospective exploration property for Carlin-type, disseminated and replacement gold deposits. PWC consists of a land package totaling approximately 24.7 square kms of unpatented mining claims and patented fee lands adjoining, and surrounded by properties controlled, or subject to earn- in agreements, by the large world-class Nevada Gold Mines JV operated by Barrick Gold Corp.

PWC is situated along the Cortez Structural Zone of the exceptionally productive Cortez Trend within the Battle Mountain ­ Eureka Trend in north central Nevada. Highlights of - Historical Drilling: ORB-02: (circa 1994 by Uranerz U.S. A Inc. intersected the RMT system as shallow as 275 m as well as the Wenban at 283 m and encountered: 12.2 m of 1.700 gpt gold from 323.1­335.3 m; including 4.6 m of 2.594 gpt gold at 324.6 m, with a high assay of 3.84 gpt at 326 m; and 4.6 m of 1.452 gpt gold at 345.9 m. ORB-09: (circa:1995 by Uranerz): 15.2 m of 0.639 gpt gold at 323.1 m. Historical Exploration: Previous drilling at PWC stretches as far back as 1994. While many drill holes were targeted at shallow silver occurrences near the historic Utah and Clipper silver mines within the PWC land package, some drilling was aimed at Carlin-style gold mineralization in the lower plate of the RMT system.

A few of these earlier holes encountered significant gold mineralization in the lower plate carbonate facies Much of the early drilling was either by conventional mud rotary or reverse circulation drill methods. This drilling intersected several intervals of significant gold mineralization. The historical drilling conducted is non-43-101 compliant and the results are for historical reference only.

The targets for these holes were based on anomalous gold and pathfinder elements in soil sampling, mapping and geophysical (air magnetic and gravity) surveys. A CSAMT survey over the southern portion of PWC went largely un-utilized. Of all the holes drilled in the project area, those that penetrated the lower plate sequence of the Wenban and Roberts Mountain formations concentrated on areas of gold mineralization or were widely spaced, leaving large areas untested.

The red ellipse locates what may be a very prospective target for a Goldrush or Fourmile style structurally controlled, Carlin type of deposit at depths of less than or equal to 500 m.