SGG

SnipGold Corp. (TSX VENTURE:SGG) ("SnipGold" or the "Company") (formerly Skyline
Gold Corporation) has made available on the Company's website, the additional
forms required for eligible Shareholders to participate in the Rights Offering
which was detailed in previous news releases.


Two forms, a Flow-Through Identification and Execution Page and a Rights
Offering Representation Letter, are now available on the Company website through
the following link www.SnipGoldcorp.com. These forms will also be available from
your broker.


The requirements for participating in the Rights Offering are different for
Shareholders who hold their shares in a brokerage account (Beneficial
Shareholders) than for Shareholders who personally hold their physical SnipGold
share certificate (Registered Shareholders).


Beneficial Shareholders: On June 14, 2012, copies of the Company's Short Form
Prospectus were distributed to brokerage firms for distribution to Beneficial
Shareholders in eligible jurisdictions. Beneficial Shareholders should contact
their brokerage firm to determine the number of Rights available to them. To
participate in the Rights Offering, these investors must inform their broker of
their intentions regarding both the Basic Subscription Privilege and the
Additional Subscription Privilege. In order to receive "flow-through" tax
benefits in respect of the securities issued upon exercise of the Rights,
Beneficial Shareholders must also provide their brokerage firm with a completed
Flow-Through Identification and Execution Page. 


Registered Shareholders: Registered Shareholders in eligible jurisdictions will
have received the Short Form Prospectus and also a Certificate evidencing their
entitlement to Rights. In order to exercise Rights, the completed Rights
Certificate, along with payment, must be completed and returned directly to the
Company's transfer agent, Valiant Trust Company, by July 5, 2012. In order to
receive "flow-through" tax benefits in respect of the securities issued upon
exercise of the Rights, Registered Shareholders must also provide Valiant Trust
Company with a completed Flow-Through Identification and Execution Page. Payment
for both the Basic Subscription Privilege and the amount of Additional
Subscription Privilege that the Shareholder would like to subscribe for must be
sent with the completed Rights Certificate. 


Certain Beneficial and Registered Shareholders did not receive Rights because
their shares are registered in an ineligible jurisdiction. If you did not
receive Rights, but are resident in an eligible jurisdiction, an additional form
- the Rights Offering Representation Letter - must be completed and delivered to
Valiant Trust Company.


Please contact the Company for more information concerning the details of the
Rights Offering. 


About SnipGold

SnipGold Corp. is an exploration company focused on the exploration and
expansion of gold resources in northwestern 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

Grafico Azioni SnipGold Corp. (TSXV:SGG)
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