Stikine Gold Corporation

Stikine Gold Corporation

March 21, 2007 21:53 ET

Stikine Gold Corporation: Sullivan Deeps SD3 Drilling Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 21, 2007) - Stikine Gold Corporation (TSX VENTURE:SKY) ("Stikine") announces that coring operations resumed on March 14th as scheduled and that drilling of its third exploration hole at the Sullivan Deeps Project recently reached a depth of 2,310 metres (7,579 feet).

Project Manager, Paul Ransom, P.Geo., a Qualified Person under NI 43-101, has reported that the Lois Creek Marker was intersected at a depth of 2,276 metres (7,467 feet).

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.


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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