Skygold Ventures Ltd.

Skygold Ventures Ltd.

August 11, 2005 16:22 ET

Skygold Ventures Ltd.: Mr. Brent Cook Signs on as an Advisor to Spanish Mountain

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 11, 2005) - Skygold Ventures Ltd. ("Skygold") (TSX VENTURE:SKV) is pleased to report that Mr. Brent Cook has agreed to an Advisory position with Skygold. He has joined the Skygold team as an advisor to assist in the on going exploration and drilling programs on the Spanish Mountain Project. Mr. Cook has twenty-five years of experience focused on the economic evaluation of mineral exploration, development and mining properties located in over 50 countries and encompassing virtually all geologic environments. Previously Mr. Cook was principal mining and exploration analyst for Global Resource Investments where he provided evaluations and advice on mining-related equities. He currently acts as an independent adviser to exploration investment funds, high net worth investors, brokerage firms and several junior exploration companies.

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. 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.

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