Skygold Ventures Ltd.

Skygold Ventures Ltd.
Wildrose Resources Ltd.

Wildrose Resources Ltd.

September 20, 2005 08:00 ET

Skygold Ventures Ltd. and Wildrose Resources Ltd.: Drilling to Resume at Spanish Mountain; Second Drill Rig Secured to Complete 8,000 Metre Program

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 20, 2005) - Skygold Ventures Ltd. ("Skygold") (TSX VENTURE:SKV) and Wildrose Resources Ltd. ("Wildrose") (TSX VENTURE:WRS) are pleased to announce that drilling will resume shortly on the Spanish Mountain Gold Project, in central British Columbia. A second drill rig is now preparing to mobilize to the property with drilling expected to begin within the next ten days. The necessary permits have been filed to add an additional 8,000 metres to the ongoing program.

One drill will focus on expanding the known zones of mineralization, which remain open in all directions including at depth. The second drill will commence a property wide exploration initiative. The existing known gold mineralized zones cover less than 10% of the 3 kilometre by 1 kilometre gold geochemical anomaly.

Fourteen diamond drill holes were completed in the last phase of drilling with the assay results for only the first four holes having been released (previously announced September 1, 2005). Results for the remaining ten holes are expected shortly and will be released as they become available.

The Spanish Mountain project is a joint venture between Skygold Ventures Ltd. and Wildrose Resources Ltd. in which Skygold has a 70% participating interest and Wildrose has a 30% participating interest.

Eco Tech Laboratory Ltd. of Kamloops B.C., an accredited laboratory, is conducting the sample preparation and analyses. Skygold/Wildrose is submitting standards, blanks and duplicates into the sample stream to maintain quality control. All gold analyses will utilize standard screen metallic assay techniques. Robert Darney, P.Geo. and J.W. (Bill) Morton, P. Geo. are the qualified persons (as defined in NI 43-101) who have reviewed this news release.

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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