SnipGold Corp.

SnipGold is pleased to provide an update regarding its rights offering detailed in the May 24, 2012 news release. The Company has filed, with securities regulatory authorities, its final short-form prospectus with respect to its Offering. The prospectus is available on the Company's SEDAR profile at www.sedar.com. The Company can now set the key dates for the Offering:

SnipGold (formerly Skyline Gold) announces amendments to the Company's offering of rights to subscribe to units of the Company previously announced on April 26. The Rights Offering will remain limited to SnipGold shareholders and will finance the exploration of numerous high-quality targets at the Iskut Property in northwestern British Columbia.

Skyline Gold announces the completion of its previously-announced consolidation and change of name. The Company has consolidated its common shares on the basis of ten (10) pre-consolidation shares for every one (1) post-consolidation share and changed its name to "SnipGold Corp.". The Company's common shares will begin trading on a post-consolidation basis on the TSX Venture Exchange at market open on May 24, 2012 [...]

Skyline Gold is pleased to announce significant advances for the Company. Highlights: Over 98% of voting Shareholders approve 10:1 share consolidation at AGM. New members elected to the Board of Directors. Exploration and Technical Committee expanded. Company moves forward with Share Rights Offering. Company Name to change to SnipGold Corp. 2012 Exploration Program Scheduled to begin

Skyline Gold today announced significant proposed changes to the overall Company, subject to shareholder approval and acceptance by the TSX Venture exchange. The Company's directors believe the numerous high-quality exploration targets at the Iskut Property are not fairly valued in the current severely depressed marketplace. The detailed work done by management in the past 12 months has advanced and prioritized [...]

Skyline Gold is pleased to announce that they have engaged, subject to TSX Venture Exchange approval, Capital Ideas Investor Relations of Toronto, Ontario, owned by Nadine Desruisseaux, to assist with its investor relations program, including facilitating investor awareness, providing market intelligence and research and raising the Company's profile in the investment community.

Skyline Gold is pleased to announce the completion of the Iskut River Joint VentureAgreement and the receipt of its multi-year land use permit for the IJV area from the Government of British Columbia. The Company received TSX Venture Exchange ('TSXV') approval for the issuance of 5,000,000 common shares and 2,500,000 common share purchase warrants exercisable at the price of $0.50 until June 7, 2016 as total [...]

Skyline Gold is pleased to announce, further to the news release dated November 19, 2010, that it has completed the acquisition of the Inel property from St. Andrew Goldfields Ltd. in return for an amended final cash payment of $175,750 and 1,000,000 common shares valued at $0.175 per share. The Inel property is contiguous with the Company's existing property and will increase the total tenure holdings to just over [...]

Skyline Gold is pleased to announce that Susan P. Craig, M.Sc., P.Geo., has joined the Company as Vice-President Corporate Development. Ms. Craig is a professional geologist with over 20 years experience in exploration and mine development in North America. She was President and founder of Northern Freegold Resources Ltd., a company which outlined multiple National Instrument 43-101 compliant gold resources at the [...]

Skyline Gold is pleased to report the results of its three-hole, 1,800 metre 2011 drill program centered on the Snip-Bronson Trend located on the Company's Iskut property in northwest British Columbia. Highlights of 2011 Iskut Drill Program: Several key anomalous multi-element 2011 drill intersections, including 41.4 metres of 1.66 grams per tonne gold