Skyline Gold announces that further to the news releases of November 24, 2011 and December 5, 2011, the Company has closed the final tranche of the non-brokered private placement financing to raise up to $2.5 million, subject to TSXV acceptance, and has issued 2,285,429 Flow-Through Units and 9,558,823 Non-Flow Through Units ('NFT Units') for gross proceeds of $2,104,940.