Skyline Gold Corporation - News Releases - CLOSING OF PRIVATE PLACEMENT

	January 05, 2010 CLOSING OF PRIVATE PLACEMENT
	Richmond, BC -- Skyline Gold Corporation ("the Company"), a company engaged in the exploration and development of its Bronson Slope gold project in north western British Columbia's 'Golden Triangle', is pleased to announce that further to our news release of December 29, 2009, the Company has closed the non-brokered private placement of 2,500,000 flow-through shares at a price of $0.10 per share for proceeds of $250,000. The shares will have a hold period expiring May 1, 2010. A finders' fee of 7% will be paid on the private placement. The flow-through financing will contribute to funding an exploration program at Bronson Slope in 2010 that will include a geophysical survey on portions of newly acquired mineral tenures, of which acquisition was announced by the Company on November 30, 2009, and also on the adjoining "Snip-1" mineral tenure that contains the high grade gold and silver drill core intercepts initially announced by the Company on November 18, 2009. The 2010 exploration program will also include further exploration drilling on the Snip-1 mineral tenure. The flow-through common share placement is with the MineralFields Group ("MineralFields") of Toronto, Ontario. In addition, MineralFields has recently exercised share purchase warrants that it held for 1,500,000 common shares in the Company at an exercise price of $0.08 per share for additional non-flow-through proceeds to the Company of $120,000. The Company is very pleased to be continuing its relationship with MineralFields and looks forward to working with MineralFields as we develop the Bronson Slope gold project. A link to the November 30, 2009 mineral tenure acquisition news release follows here: http://www.skylinegold.com/s/NewsReleases.asp?ReportID=374401&_Type=News-Releases&_Title=SKYLINE-GOLD-RECEIVES-TSX-APPROVAL-FOR-MINERAL-TENURE-ACQUISITION-AT-BRONSO A link to the December 9, 2009 updated assay results from the Snip-1 exploration program news release follows here: http://www.skylinegold.com/s/NewsReleases.asp?ReportID=376553&_Type=News-Releases&_Title=SKYLINE-GOLD-CONFIRMS-NEW-HIGH-GRADE-GOLD-AND-SILVER-INTERCEPTS-AT-BRONSON- ON BEHALF OF THE BOARD OF DIRECTORS SKYLINE GOLD CORPORATION Per: "David Jensen" David Jensen, P.Eng. President Cautionary Statement Statements in this release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfill such forward-looking statements and the Company undertakes no obligation to update statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control. 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.

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