Skyline Gold Corporation
TSX VENTURE : SK

Skyline Gold Corporation

May 23, 2012 16:23 ET

Skyline Gold Completes Consolidation and Name Change

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 23, 2012) - Skyline Gold Corporation (TSX VENTURE:SK) ("Skyline" or the "Company") announces the completion of its previously-announced consolidation and change of name.

The Company has consolidated its common shares on the basis of ten (10) pre-consolidation shares for every one (1) post-consolidation share and changed its name to "SnipGold Corp.".

The Company's common shares will begin trading on a post-consolidation basis on the TSX Venture Exchange at market open on May 24, 2012. The Company's shares will trade under the stock symbol "SGG".

About Skyline

Skyline Gold is an exploration company focused on the exploration and expansion of gold resources in northwestern British Columbia. Skyline's board and management have significant experience in both the discovery and development of gold projects in this area.

On Behalf of the Board of Directors

Skyline Gold Corporation

John Zbeetnoff, Chief Executive Officer

NEITHER THE 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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