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Last updated on April 23, 2014 at 12:25 EDT

Skyline Announces Closing of Private Placement

August 22, 2008

Skyline Gold Corporation (“the Company”) (TSX VENTURE: SK), engaged in the exploration and development of its Bronson Slope mining property in north western British Columbia’s ‘Golden Triangle’, is pleased to announce that further to its news release of August 6, 2008 has closed the non-brokered private placement as to 2,016,125 units at a price of $0.12 per unit for net proceeds of $236,183. Each unit consists of one common share and one-half of a share purchase warrant. Each whole warrant will entitle the holder to purchase one additional share of the Company at a price of $0.18 per share for a period of one year from date of issue. The units have a hold period expiring on December 22, 2008. Finders’ fees were paid on the private placement.

ON BEHALF OF THE BOARD OF DIRECTORS

SKYLINE GOLD CORPORATION

J.J. (Jeff) Smulders, Chief Financial Officer

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

 Contacts: Skyline Gold Corporation J.J. (Jeff) Smulders Chief Financial Officer (604) 270-3878 (604) 270-3858 (FAX) Website: www.skylinegold.com

SOURCE: Skyline Gold Corporation