Skyline Gold Corporation
TSX VENTURE : SK

Skyline Gold Corporation

June 24, 2010 11:02 ET

Initial Skyline Gold 2010 Bronson Slope Drill Program Assays Include 3.9 Metres Grading 12 Grams Per Tonne Gold and 1.43 Metres Grading 29.9 Grams Per Tonne Gold

RICHMOND, BRITISH COLUMBIA--(Marketwire - June 24, 2010) - Skyline Gold Corporation ("the Company") (TSX VENTURE:SK), a company engaged in the exploration and development of its Bronson Slope porphyry style gold-copper deposit in north western British Columbia's 'Golden Triangle', is pleased to announce the first assay results from its 2010 diamond drilling exploration program. Drilling is situated approximately 1,500 m south east of the Bronson Slope deposit, on the "Snip-1" claim and on-trend with the Bronson Slope deposit mineralization.

Assay results for hole SK-10-01, which includes screen for metallics analysis for all initial gold fire assay values over 1.0 gram/tonne (g/t) gold, are summarized below:

               
From To Width Gold Silver Copper Lead Zinc
m m m g/t g/t % % %
Composites:            
9.00 185.45 176.45 1.04 22.4 0.06 0.05 0.39
               
including:              
20.10 24.00 3.90 12.02 106.8 0.02 0.17 0.72
63.90 111.00 47.10 2.01 19.0 0.14 0.07 0.72
76.60 78.03 1.43 29.86 66.9 0.14 0.73 11.97
136.20 137.13 0.93 0.31 2,355.3 0.73 0.06 0.21
               

Visible gold and electrum were observed in the drill core.

Hole SK-10-01 dips beneath and on the same azimuth as drill hole SK-09-02 and both are drilled from the same drill pad. Hole SK-10-01 was drilled to 204 m at an azimuth of 060º to true north and a dip of -70º from horizontal.

Drilling was initiated on May 31 and, through to June 11, a total of 1,350 meters (m) were drilled. Drilling was then paused while preliminary assay, induced polarization geophysical survey, and other data were then reviewed followed by further exploration planning. Drilling resumed on June 19 and continues.

The 2010 exploration drilling cross-cuts the trend of mineralization that was identified on surface. The drill core contains mineralization consisting of disseminated to semi-massive and massive textured sulphides including pyrite, sphalerite, galena, chalcopyrite and minor pyrrhotite with occasional instances of visible gold and electrum. This mineral assemblage is typical of occurrences that form in the haloes of porphyry copper-gold deposits; however, the high sulphidation character implies a "transition" to a separate mesothermal to epithermal style system. The host rocks are fine grained volcaniclastic sedimentary rocks.

The interval from 63.90 m to 111.00 m contain the following assay results:

        Gold Gold        
From To Sample Width FG SFM Silver Copper Lead Zinc
(m) (m) Number (m) (g/t) (g/t) (g/t) (%) (%) (%)
63.90 65.20 165035 1.30 3.68 4.86 119.6 1.70 0.14 0.32
65.20 66.70 165036 1.50 2.14 3.03 62.0 0.49 0.09 0.07
66.70 68.70 165037 2.00 0.06   0.7 0.02 0.00 0.07
68.70 70.70 165038 2.00 0.09   3.0 0.03 0.05 0.12
70.70 72.70 165039 2.00 0.20   6.4 0.11 0.05 0.18
72.70 74.70 165040 2.00 1.01 1.18 36.3 0.33 0.04 0.34
74.70 76.60 165041 1.90 1.14 1.14 15.7 0.07 0.11 0.90
76.60 77.25 AVG 0.65   57.79 73.70 0.11 1.08 21.90
77.25 78.03 165044 0.78 5.85 6.58 61.3 0.17 0.35 3.07
78.03 79.00 165045 0.97 0.63   3.8 0.02 0.03 0.20
79.00 81.00 165046 2.00 0.07   2.0 0.01 0.01 0.02
81.00 83.00 165047 2.00 0.09   1.9 0.02 0.01 0.01
83.00 85.00 165048 2.00 0.27   1.0 0.01 0.00 0.01
85.00 87.00 165049 2.00 3.01 3.18 2.1 0.01 0.01 0.03
87.00 89.00 165050 2.00 0.09   1.0 0.01 0.00 0.01
89.00 91.00 165051 2.00 0.10   1.1 0.02 0.00 0.01
91.00 93.00 165052 2.00 0.08   0.7 0.02 0.00 0.01
93.00 94.50 165053 1.50 0.05   1.0 0.01 0.00 0.02
94.50 96.50 165054 2.00 0.28   2.1 0.01 0.01 0.17
96.50 98.75 165055 2.25 5.41 5.45 10.9 0.02 0.01 0.02
98.75 100.00 165056 1.25 0.77   12.5 0.02 0.21 0.93
100.00 102.00 165057 2.00 0.11   5.1 0.02 0.03 0.41
103.00 104.00 165059 1.00 0.05   1.6 0.01 0.01 0.24
104.00 105.00 165060 1.00 0.42   8.8 0.01 0.04 0.32
105.00 105.47 165061 0.47 0.15   5.4 0.01 0.04 0.12
105.47 106.15 165062 0.68 2.76 3.03 248.4 1.83 0.57 2.44
106.15 106.96 165063 0.81 0.42   11.1 0.02 0.04 0.15
106.96 107.50 165064 0.54 4.92 4.57 155.9 0.56 0.70 7.40
107.50 108.50 165065 1.00 0.48   11.7 0.02 0.15 0.85
108.50 109.40 165066 0.90 0.35   5.8 0.02 0.05 0.52
109.40 109.77 165067 0.37 1.05 1.51 32.7 0.07 0.26 6.60
109.77 111.00 165068 1.23 4.58 5.60 37.2 0.16 0.06 0.10

Note: In the above table, sample AVG = simple average of duplicate sample numbers 165042 and 165265 from core interval 76.60 m to 77.25 m with individual sample assay results as follows.

        Gold Gold        
From To Sample Width FG SFM Silver Copper Lead Zinc
(m) (m) Number (m) (g/t) (g/t) (g/t) (%) (%) (%)
76.60 77.25 165042 0.65 >10.00 45.03 78.0 0.11 1.18 22.60
76.60 77.25 165265 0.65 >10.00 70.54 69.4 0.11 0.97 21.20

Raw assay data will be posted to the company's website. Further assay results will be released as received.

Assays were completed by Assayers Canada, an ISO 9001:2008 certified facility. The following assay procedures were utilized:

Analytical Procedures
     
Gold FG =   50g Fire Geochem Assay with Atomic Absorption/Inductively Coupled Plasma finish, Assayers Canada procedure F113
Gold FA =   50g Fire Assay, Assayers Canada procedure F123
Gold SFM=   1000g Metallic Gold Fire, Assayers Canada procedure F142
ICP =   Inductively Coupled Plasma, Assayers Canada procedure ICP 101
Silver FA =   1 Assay Ton Fire Assay, Assayers Canada procedure F152
Cu AA=   Copper Assay with Atomic Absorption finish, Assayers Canada procedure AR113
Pb AA =   Lead Assay with Atomic Absorption finish, Assayers Canada procedure AR114
Zn AA =   Zinc Assay with Atomic Absorption finish, Assayers Canada procedure AR117

David Yeager, P.Geo. the Company's consulting geologist who meets the requirements of a Qualified Person in accordance with N.I. 43-101, has reviewed this news release for technical accuracy.

ON BEHALF OF THE BOARD OF DIRECTORS

SKYLINE GOLD CORPORATION

David Jensen, P.Eng., President

Cautionary Statement

Statements in this release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfill such forward-statements and the Company undertakes no obligation to update statements. Such forward looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control.

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.

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