VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/27/12 — Skyline Gold Corporation (TSX VENTURE: SK) („Skyline“ or the „Company“) is pleased to announce the completion of the Iskut River Joint Venture („IJV“) Agreement 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 consideration for a 95% interest in 10 mineral claims known as the Iskut River Joint Venture property in northwestern British Columbia; an existing 2% net smelter return royalty will continue.
Mr. Zbeetnoff comments, „I am pleased to have reached the conclusion of this acquisition. Our compilation of historical data on this key property continues. Of key interest on this property is the Gorge showing, which will be the site of focused 2012 exploration.“
On Behalf of the Board of Directors
Skyline Gold Corporation
John Zbeetnoff, Chief Executive Officer
Cautionary Statements
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts: Skyline Gold Corporation John Zbeetnoff CEO 604-681-3989
Skyline Gold Corporation Tony Perri Investor Relations, Manager 604-681-3989 604-681-3557 (FAX)
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