Stikine Gold Corporation

Stikine Gold Corporation

March 30, 2005 16:19 ET

Stikine Gold Corporation: Private Placement


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: STIKINE GOLD CORPORATION

TSX VENTURE SYMBOL: SKY

MARCH 30, 2005 - 16:19 ET

Stikine Gold Corporation: Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 30, 2005) - Stikine
Gold Corporation (the "Company") (TSX VENTURE:SKY) announces that it
will conduct a private placement of 2 million units at a price of $0.45
per unit for gross proceeds of $900,000. Each unit will consist of one
common share and one half of one common share purchase warrant, with
each full warrant entitling the holder to acquire an additional common
share at price of $0.55 for twelve months following closing.

Proceeds of the private placement will be used for continued diamond
drilling at the Company's Sullivan Deeps Project. Fees payable in cash
and/or securities will be paid upon closing in connection with certain
of the placees. The private placement is subject to regulatory approval.

STIKINE GOLD CORPORATION

David J. Skerlec - Chief Financial Officer

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Stikine Gold Corporation
    David J. Skerlec
    Chief Financial Officer
    (604) 684-1900 or Toll Free in North America: (888) 881-8322
    (604) 684-2902 (FAX)
    info@stikinegold.com
    www.stikinegold.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.