Skygold Ventures Ltd.

Skygold Ventures Ltd.

November 01, 2006 13:29 ET

Skygold Appoints Mr. Jeffrey Pontius to the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 1, 2006) - Skygold Ventures Ltd. (the "Company") (TSX VENTURE:SKV) is pleased to announce that Mr. Jeffrey Pontius has been appointed to the Company's board of directors effective immediately. Mr. Pontius has over 28 years in mining industry experience with much of his career devoted to the exploration and project development sector. He holds degrees from three Universities in Geology, Environmental Science and Economic Geology. Mr. Pontius has held a variety of management positions with various mining companies including most recently North American Exploration Manager for AngloGold Ashanti and his current position as President and CEO of International Tower Hill Mines Ltd. During his career he has been instrumental in the discovery and development of three mines including the Cripple Creek Deposit with reserves of over 7 million ounces operated by AngloGold Ashanti. Mr. Pontius brings a wealth of exploration discovery and project development knowledge to Skygold during its escalating Spanish Mountain development phase.

"The Spanish Mountain project is a tremendous discovery with high potential to become a significant new North American gold mine. I look forward to working with the Skygold team to help chart the development course for this major asset and an exciting new gold belt."

An updated power point presentation of the Main Zone is available on the company's website at

The Company also announces it has granted director and employee incentive stock options to purchase up to 500,000 shares at a price of $1.60 for a period of five years.

On Behalf of the Board,


Doug Fulcher, President

This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • B&D Capital Partners
    Brad Aelicks
    (604) 685-6465