Skyline Announces Issuance of Shares Under Shares for Debt Agreements

01.07.2011  |  Marketwired

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/30/11 -- Skyline Gold Corporation (TSX VENTURE: SK) ('Skyline' or the 'Company') is pleased to announce that the Company has issued 224,315 shares valued at $0.27 per share, thereby extinguishing debt to three creditors totalling $60,565. The shares have a hold period expiring four months from the date of issue.

Skyline Gold Corporation is a Canadian company engaged in the exploration of precious and base metals in mining friendly British Columbia. The Company is committed to building an experienced technical team with seasoned management equipped to understand the geological controls on mineralization known to exist in the Golden Triangle of British Columbia. The Skyline land package has consolidated some of the most prospective ground Canada has to offer, hosting both high grade structural systems and lower grade large tonnage porphyries. Further details on Skyline Gold Corporation and its high quality precious and base metal exploration targets can be found at www.skylinegold.com.

Skyline Gold Corporation

Bob Matthews, Chairman of the Board

Neither 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.

Contacts:

Skyline Gold Corporation

Bob Matthews

Chairman of the Board

604-681-3989
www.skylinegold.com