Stikine Gold Corporation

Stikine Gold Corporation

September 13, 2007 17:02 ET

Stikine Closes $300,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2007) - Stikine Gold Corporation (TSX VENTURE:SKY) ("Stikine", or the "Company") announces that it has closed the $300,000 private placement originally announced on August 22, 2007. Three million units have now been issued at a price of $0.10 per unit, each consisting of one common share and one half of one share purchase warrant. Each full warrant entitles the holder to acquire an additional common share until September 13, 2008 at price of $0.20. Directors of the Company purchased a total of 2,025,000 units.

All securities issued in connection with this financing are subject to a hold period expiring on January 14, 2008. Proceeds from the private placement will be used for general working capital and exploration at Stikine's Huskie Uranium Property, located on the southern boundary of the Athabasca Basin in northern Saskatchewan.


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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