Stikine Gold Corporation

Stikine Gold Corporation

August 22, 2007 17:29 ET

Stikine Announces $300,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 22, 2007) - Stikine Gold Corporation (TSX VENTURE:SKY) ("Stikine") announces that it will complete a private placement for gross proceeds of up to $300,000, through the issuance of 3 million units at a price of $0.10 per unit. The units will each consist of one common share and one half of one share purchase warrant, each full warrant entitling the holder to acquire an additional common share for twelve months following closing at price of $0.20.

Proceeds from the private placement will be used for continuing exploration at Stikine's Huskie Uranium Property, located on the southern boundary of the Athabasca Basin in northern Saskatchewan.

The private placement is subject to regulatory approval.


David J. Skerlec - Chief Financial Officer

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

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