SnipGold Announces Clarifications of Website Disclosure

SnipGold Corp. (TSX VENTURE:SGG) ("SnipGold" or the "Company") announces that as
a result of a review by the British Columbia Securities Commission, the Company
is issuing the following news release to clarify disclosure that had been
contained on the Company's website.


The Company's website (including presentations available on the website) had
described the Company's Iskut Property using terms other than applicable
resource categories. Specifically, the Company's website had used the terms
"bulk tonnage gold resource" and "in-pit run of mine resource" to describe the
Company's mineral resources on its Iskut Property. These terms are not
recognized resource categories under National Instrument 43-101 Standards of
Disclosure for Mineral Projects ("NI 43-101"). Also, the Company's website had
disclosed mineral resources for the Company's Iskut Property and mineral
resources and mineral reserves on adjacent properties, in each case without
disclosing each category of mineral resource and mineral reserve separately as
required by NI 43-101. The Company had also disclosed a gold resource of "2.16
million ounces" on the Bronson Slope Deposit which aggregated Measured and
Indicated resources without reporting each resource category separately. 


Accordingly, the Company has removed various statements and clarified its
mineral resources disclosure on its website, and restates the gold resource
estimate on its Iskut Property as follows:




Iskut Property - Bronson Slope Deposit
(US$9/tonne Net Recoverable Value cut-off)

---------------------------------------------------------------------------
                                                Gold                  Gold 
Category                Tonnes (thousands)      (g/t)  (millions of ounces)
---------------------------------------------------------------------------
Measured                            84,153      0.420                  1.14
---------------------------------------------------------------------------
Indicated                          102,738      0.310                  1.02
---------------------------------------------------------------------------
Measured & Indicated               186,891      0.360                  2.16
---------------------------------------------------------------------------
Inferred                             4,944      0.321                  0.05
---------------------------------------------------------------------------



Further details of the above mineral resource estimate and the Bronson Slope
Deposit are summarized in the NI 43-101 technical report entitled "Technical
Report on the Iskut Property with Special Reference to Johnny Flats & Burnie
Trend Targets" dated effective May 7, 2012, which is available on the Company's
SEDAR profile at www.sedar.com. 


The Company's website has now been corrected to use only applicable resource
categories and to state each category of resource separately. Any disclosure by
the Company of mineral resources or reserves reported by third parties on
properties adjacent to the Company's properties will also be disclosed by the
Company using the applicable NI 43-101 categories.


In addition, the Company's website disclosure had not included all of the
cautionary statements required under NI 43-101 in respect of the Bronson Slope
Deposit Preliminary Assessment. The website has now been corrected to include
the following statement:


This Preliminary Economic Assessment is preliminary in nature. It includes
inferred mineral resources that are considered too speculative geologically to
have the economic considerations applied to them that would enable them to be
categorized as mineral reserves, and there is no certainty that the preliminary
economic assessment will be realized. The basis for the Preliminary Economic
Assessment and the qualifications and assumptions made by the qualified
person(s) who prepared it are described in the technical report entitled
"Technical Report on the Iskut Property with Special Reference to Johnny Flats &
Burnie Trend Targets" dated effective May 7, 2012, which is available on the
company's SEDAR profile at www.sedar.com. Mineral resources that are not mineral
reserves do not have demonstrated economic viability.


All scientific or technical information in this release has been reviewed and
approved by John Zbeetnoff, P. Geo., the Chief Executive Officer of the Company,
who is a "Qualified Person" as defined in NI 43-101.


On Behalf of the Board of Directors

SnipGold Corp.

John Zbeetnoff, Chief Executive Officer


FOR FURTHER INFORMATION PLEASE CONTACT: 
SnipGold Corp.
John Zbeetnoff
CEO
604-681-3989


SnipGold Corp.
Tony Perri
Investor Relations, Manager
604-681-3989
604-681-3557 (FAX)
[e-mail]
www.snipgoldcorp.com