SnipGold Receives Consent to Extend Warrant Expiry Date

SnipGold Corp. (TSX VENTURE:SGG) ("SnipGold" or the "Company") (formerly Skyline
Gold Corporation) is pleased to announce that it has received consent from the
TSX Venture Exchange (TSX-V) to extend the expiry date of certain common share
purchase warrants issued as part of the Share Rights Offering which closed July
5, 2012. 


The warrant expiry shall be extended from the original expiry date of September
4, 2012 for an additional forty-five (45) days. 1,087,628 non-transferable
Flow-Through Warrants shall be amended to expire on the new date of October 19,
2012 (10,000 warrants were exercised prior to the amendment). 


All other terms and conditions of the Warrants, including the exercise price of
$0.75, remain unchanged. For information pertaining to the Warrants please see
the Company's news releases dated April 26, 2012, May 22, 2012, May 24, 2012,
June 7, 2012, June 21, 2012, July 9, 2012, July 13, 2012 and August 21, 2012.
Details of the terms of the issued securities are also contained in the
Company's final prospectus dated June 6, 2012, which is available on SEDAR at
www.sedar.com. 


About SnipGold

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


On Behalf of the Board of Directors

SnipGold Corp.

John Zbeetnoff, Chief Executive Officer

Forward Looking Statements

Statements in this press release include certain "forward-looking information".
Statements in this news release regarding the terms of the Offering and the
Company's use of the proceeds of the Offering contain forward-looking
information. Readers are cautioned that actual events may vary from the
forward-looking information contained in this news release. Material risk
factors that could cause actual results to differ materially from the
forward-looking information in this news release include, but are not limited
to, changes in market conditions or regulatory requirements applicable to the
Offering. The forward-looking information in this news release is based on the
assumptions that market conditions and regulatory requirements will not change
in any material respect and that the Company will be able to obtain all
approvals required for the completion of the Offering. The Company does not
assume any responsibility for updating forward-looking information, except as
required by law.