Skygold and Wildrose Plan of Arrangement Receives Shareholder and Court Approval

VANCOUVER, BRITISH COLUMBIA, Jun 19 (MARKET WIRE) --
Skygold Ventures Ltd. ("Skygold") (TSX VENTURE: SKV) and Wildrose
Resources Ltd. ("Wildrose") (TSX VENTURE: WRS) are pleased to announce
that their respective shareholders have approved the plan of arrangement
at meetings held in Vancouver, B.C. on June 13, 2008 (see News Releases
dated December 5, 2007 and March 7, 2008 for details of the plan of
arrangement). Under the plan of arrangement, Skygold will acquire all
outstanding shares of Wildrose and will then control 100% of the Spanish
Mountain Project in central British Columbia. Wildrose shareholders will
receive 0.82 of a common share of Skygold for each common share of
Wildrose held prior to closing of the plan of arrangement.

Skygold and Wildrose are also pleased to announce that on June 17, 2008,
the Supreme Court of British Columbia granted the final order approving
the plan of arrangement.

The completion of the transaction is now subject only to the approval of
the TSX Venture Exchange. The companies anticipate that upon receiving
final approval, the transaction should close by June 27, 2008.

On Behalf of the Board,

SKYGOLD VENTURES LTD.

Brian Groves, President

Forward-Looking Information

This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address events or developments that
Skygold Ventures Ltd. and/or Wildrose Resources Ltd. (the "Companies")
expects to occur, are forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects", "plans",
"anticipates", "believes", "intends", "estimates", "projects",
"potential" and similar expressions, or that events or conditions "will",
"would", "may", "could" or "should" occur. In this news release,
predictions about the Plan of Arrangement being approved and finalized
are forward-looking statements. Although the Companies believe the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future
performance and actual results may differ materially from those in the
forward-looking statements. Factors that could cause the actual results
to differ materially from those in forward-looking statements include the
conditions of the letter agreement not being satisfied. Investors are
cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from
those projected in the forward-looking statements. Forward-looking
statements are based on the beliefs, estimates and opinions of the
Company's management on the date the statements are made. Except as
required under applicable securities laws, the Company undertakes no
obligation to update these forward-looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should
change.

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

Contacts:
Skygold Ventures Ltd.
Tim Mikula
(604) 484-6317
(604) 684-0279 (FAX)
Website: www.skygold.ca

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

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