Stikine Gold Corporation

Stikine Gold Corporation

February 20, 2007 18:00 ET

Stikine Gold Corporation: Sullivan Deeps SD3 Drilling Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 20, 2007) - Stikine Gold Corporation (TSX VENTURE:SKY) ("Stikine" or the "Company") announces that diamond drilling of its third exploration hole at the Sullivan Deeps Project recently reached a depth of 1,533 metres (m) (5,092 feet).

Project Manager, Paul Ransom, P.Geo., a Qualified Person under NI 43-101, has also reported theintersection of the 'Kid' Marker at a depth of approximately 1,472 m.

The SD3 drill program is a continuation of Stikine's exploration for a sister deposit to the legendary Sullivan Mine, located near Kimberley, BC which operated for nearly a century until closing in late 2001. According to the Province of British Columbia, the Sullivan Mine produced approximately 17.5 billion lbs of zinc (Zn), 18.5 billion lbs of lead (Pb) and 298 million ozs of silver (Ag) along with other associated metals. Using current metal prices, Sullivan life-of-mine production would be valued at over US$40 billion.

The Company also announces, subject to regulatory approval, the granting of incentive stock options to directors and consultants of the Company to purchase up to 750,000 common shares of the Company at a price of 30 cents per share for a period of five years.


Scott E. Broughton, P.Eng. - President & CEO

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

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