SnipGold Announces Flow-Through Private Placement

SnipGold Corp. (TSX VENTURE:SGG) ("SnipGold" or the "Company") is pleased to
announce, subject to TSX Venture Exchange ("TSX-V") approval, a non-brokered
private placement of up to 1,500,000 flow-through units ("Units") of the Company
for gross proceeds of up to $150,000.


Units

Each Unit will be priced at $0.10 and will consist of one flow-through common
share and one-half of one non-transferable warrant of the Company, with each
whole warrant entitling the holder to purchase one non-flow-through common share
of the Company at $0.12 per share for a period of 18 months from the closing of
the private placement. 


Fees and Proceeds

Subject to TSX-V approval, the Company may pay up to 7% cash finders' fees in
connection with the private placement.


The proceeds of the private placement will be used to carry out a small
verification field program this season, to complete pre-existing field
commitments and for the continuation of the compilation and interpretative work.
The field program will test some of the interpretative work completed over the
last year and is expected to be held in conjunction with Colorado Resources
Ltd.'s ("Colorado") first exploration program on the KSP property in connection
with an earn-in agreement between Colorado and the Company (see News Release
dated December 20, 2013).


About SnipGold

SnipGold Corp. is a Canadian junior exploration company focused on the
exploration and expansion of gold resources in northwest British Columbia.
SnipGold's board and management have significant experience in discovery,
exploration and development of gold projects.


On Behalf of the Board of Directors of SnipGold Corp.

John Zbeetnoff, Chief Executive Officer

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE


FOR FURTHER INFORMATION PLEASE CONTACT: 
SnipGold Corp.
John Zbeetnoff
CEO
604-681-3989
604-681-3557 (FAX)
[e-mail]
www.snipgoldcorp.com