Stikine Gold Corporation
TSX VENTURE : SKY

Stikine Gold Corporation

February 27, 2007 19:54 ET

Stikine Gold Corporation: Sullivan Deeps SD3 Drilling Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 27, 2007) - Stikine Gold Corporation (TSX VENTURE:SKY) ("Stikine") announces that diamond drilling of its third exploration hole at the Sullivan Deeps Project recently reached a depth of 1,805 metres (m) (5,920 feet).

Project Manager, Paul Ransom, P.Geo., a Qualified Person under NI 43-101, has reported that the Butte and Falls markers have been intersected and identified in drill core at hole depths of 1,602m and 1,616m, respectively.

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.

STIKINE GOLD CORPORATION

Scott E. Broughton - President & CEO

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

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