SnipGold Appoints Chairman, Grants Stock Options

SnipGold Corp. (TSX VENTURE:SGG) ("SnipGold" or the "Company") is pleased to
announce that Patrick Soares has been appointed Chairman of the Board of
Directors. The Company welcomes Patrick to his new position and looks forward to
his guidance going forward.


The Company also wishes to announce that it, subject to TSX Venture Exchange
approval, has granted a total of 1,205,000 Stock Options to employees,
consultants, directors and officers at an exercise price of $0.10 per common
share expiring after five years.


The Options issued to employees and consultants will vest under the Company's
normal vesting provisions, which allow for 25% of the Options to vest upon
issue, and the remaining 75% to vest over the next three anniversary dates.


A portion of the Options granted to directors and officers have incentive based
conditions for vesting. The initial 25% vested on grant date and 50% will vest
over the next two anniversary dates. The remaining 25% of the Options will only
vest once certain predetermined performance criteria are met. These criteria are
set by the Board of Directors.


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 both the
discovery and development of gold projects in this area.


On Behalf of the Board of Directors

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