SnipGold Grants Stock Options

SnipGold Corp. (TSX VENTURE:SGG) ("SnipGold" or the "Company") is pleased to
announce that Kevin Nishi has been appointed to the Board of Directors and that
Tim Thiessen has been appointed Interim CFO.


The Company wishes to thank Ms. Carol Anne Lunshof for her dedicated efforts
with the Company over the past 4 years and for agreeing to act as a consultant
on an as-needed basis over the next several months. The Board and Management
wish Ms. Lunshof great success in her endeavors.


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


The options granted to consultants will vest under the Company's normal vesting
provisions, which allow for 25% of the options to vest upon grant, with the
remaining 75% to vest evenly 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% vest 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