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VANCOUVER, BRITISH COLUMBIA - Skygold Ventures Ltd. (TSX VENTURE:SKV) (the "Company") announces that it has agreed to grant 2,800,000 employee incentive stock options at an exercise price of $0.25 for a period of five years.

The foregoing is subject to regulatory acceptance.

On Behalf of the Board,

SKYGOLD VENTURES LTD.

Brian Groves, President

This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. Actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.

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 more information, please contact
Skygold Ventures Ltd.
Tim Mikula
(604) 484-6317
www.skygold.ca

or

B&D Capital Partners
Brad Aelicks
(604) 685-6465
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