SnipGold Provides Corporate Update

SnipGold Corp. (TSX VENTURE:SGG) ("SnipGold" or the "Company") (formerly Skyline
Gold Corporation) is pleased to provide a Corporate update in follow-up to the
Company's recent release dated September 25, 2012 regarding the 9-hole, 2,437
metre drill program completed at the Company's Iskut Property located in
northwest British Columbia. 


Management is pleased with the 2012 exploration results and recognizes that the
program has advanced the Company's exploration objectives. The Company is
currently awaiting the consultant's report on the Borehole Pulse
Electro-magnetic ("BPEM") surveys completed on the 2012 holes and 4 historical
holes. 


The BPEM surveys allow the exploration team to vector, both direction and
distance, toward more conductive mineralization. Once received, these data will
be interpreted with respect to the surface work results, drill hole assays,
alteration and structural information gained from the oriented core program
carried out in both 2011 and 2012.


Compilation work will continue over the winter of 2012-2013 and will form the
basis for the 2013 exploration program. As this work continues, SnipGold will
streamline all off season work to ensure expenditures are in line with current
market conditions. 


James (Jim) Sparling has agreed to step down as Chief Operating Officer, he has
agreed to continue to provide periodic technical, advisory and consulting
services to the Company. 


The Board of Directors and Senior Management wish to thank Mr. Sparling for his
dedication to the Company, his assistance in building a strong technical team
and for providing access to his numerous contacts within the industry. The
Company looks forward to Mr. Sparling's continued involvement with the project.


SnipGold is currently pursuing non-dilutive financing options and other asset
enhancement arrangements. Shareholders will be kept current with events via
website updates and news releases. SnipGold plans to continue growing its
exposure to the investment community and increasing its market profile over the
winter months.


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