| Wed Jun 10, 2009 Stikine Announces $300,000 Private Placement | |
| Vancouver, British Columbia: Stikine Gold Corporation (SKY:TSX.V) ("Stikine" or the "Company") announces that it intends to proceed with private placement of up to three million units to be issued at a price of $0.10 per unit for gross proceeds of up to $300,000. Each unit will consist of one common share and one share purchase warrant, with each warrant entitling the holder to acquire an additional common share for a twelve month period following closing at a price of $0.15. Proceeds from the private placement will be used for an initial evaluation of its recently staked mineral claims covering silica occurrences in north eastern British Columbia. As previously reported, the Company acquired a 100% interest in these claims by map staking known silica occurrences and prospective geology. An initial field assessment of the extent and quality of silica on each of the properties is planned for June 2009. If the results of the initial assessment are positive they will be used to refine target areas for a larger exploration program. Stikine also announces the granting of incentive stock options to directors and consultants of the Company to purchase up to 1,195,000 common shares of the company at a price of 10 cents per share for a period of five years. The private placement and option grant are subject to regulatory approval. "Scott Broughton" Scott E. Broughton, P.Eng. -- President & CEO For further information contact: Investor Relations Tel: (604) 684-1900 Fax: (604) 684-2902 Email: info@stikinegold.com Web: www.stikinegold.com The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. | |