RICHARD HAINS ANNOUNCES PURCHASE OF COMMON SHARES OF RATEL GOLD LIMITED

LONDON, Sept. 10 /CNW/ - Richard Hains today announced that he has acquired beneficial ownership of 2,500,000 common shares ("Common Shares") of Ratel Gold Limited ("Ratel") (TSX:RTL), representing approximately 2.8% of the issued and outstanding Common Shares. As a result of this transaction, Mr. Hains beneficially holds 16,370,343 Common Shares, representing approximately 18.2% of the issued and outstanding Common Shares.

The Common Shares were acquired through the exercise by Ratel of an option to purchase certain property interests held by Central Asia Minerals Limited, an entity beneficially owned by Mr. Hains. On the business day prior to the day of the exercise of the option by Ratel, the closing market price of each Common Share was C$0.275.

Mr. Hains may from time to time increase or decrease his holdings of Common Shares or other securities of Ratel.

A copy of the early warning report being filed by Mr. Hains with the applicable securities regulators will be available on SEDAR (www.sedar.com).

For further information: or to obtain a copy of the early warning report filed under applicable securities laws, please contact Richard Hains, [phone]