Report of Acquisition of Beneficial Ownership of Common Shares of Rye Patch Gold Corp.

VANCOUVER, Jan. 31, 2018 /CNW/ - Donald Smith Value Fund, L.P. (the "Fund") reports that it has acquired deemed beneficial ownership and control of 10,150,000 common shares ("Common Shares") of Rye Patch Gold Corp. ("Rye Patch") through the private placement purchase on January 31, 2018 of 5,075,000 units of Rye Patch ("Units") at Cdn.$1.30 per Unit for total consideration paid of Cdn.$6,597,500.  Each Unit consisted of one Common Share and one Common Share purchase warrant ("Warrant"), with each Warrant being exercisable to purchase one Common Share at Cdn.$1.65 until January 31, 2020.

The Fund currently has deemed beneficial ownership of 17,150,000 Common Shares of Rye Patch (including the 5,075,000 Common Shares underlying the Warrants), representing 19.9% of the deemed outstanding Common Shares, a decrease of 4.1% from the Fund's previously reported shareholding percentage in the Common Shares.

The Fund has acquired the Common Shares for investment purposes.  The Fund may acquire additional Common Shares or dispose of Common Shares (through market or private transactions or exercises of the Warrants) from time to time.

A copy of the related early warning report may be obtained from the SEDAR website (www.sedar.com) or from Ann Cianfrone at Donald Smith Value Fund, L.P. at (212) 284‑0990.

DONALD SMITH VALUE FUND, L.P.

	"Donald Smith"
Per:	__________________________
	Donald Smith, Managing Member

SOURCE Donald Smith Value Fund, L.P.

Ann Cianfrone at Donald Smith Value Fund, L.P. at (212) 284‑0990