Skygold Begins 2009 Field Programs

VANCOUVER, BRITISH COLUMBIA, Jun 24 (MARKET WIRE) --
Skygold Ventures Ltd. ("Skygold" or the "Company") (TSX VENTURE: SKV) is
pleased to announce the start of the 2009 field programs. Crews have been
mobilized to all three 100% owned properties; Spanish Mountain, Thunder
Ridge and Prince George.

Although the main focus of this years activities will be on Spanish
Mountain where drilling is expected to commence by the end of June,
diamond drills have been mobilized firstly to Thunder Ridge so as not to
disrupt the much larger program at Spanish Mountain once it begins.
Details of the Spanish Mountain program will be reviewed in a subsequent
release.

Thunder Ridge Drilling - Spanish Creek Property

Field crews have confirmed that Diamond Drilling is currently underway at
Thunder Ridge. The drill program will focus on a new high grade gold and
silver discovery made by Skygold in 2008. The results of the first 7
reconnaissance drill holes indicated that a large mineralized corridor at
least 450m wide and 750m long was responsible for the geochemical anomaly
that was targeted. Five of the seven holes intercepted meaningful gold
and or silver values. Highlights from the 2008 program include:

- Hole SC-005: 45.49 g/t gold over 2.5 metres including 223.0 g/t gold
over 0.5 metres.

- Hole SC-007: 1.23 g/t gold over 11.5 metres including 4.83 g/t gold and
232.0 g/t silver over 1.5 metres and 1.32 g/t gold over 6.5 metres in
separate horizons.

The 2008 drill program was the first drilling ever on the Thunder Ridge
Zone. The 2009 program is designed to further evaluate the orientation,
continuity and extent of high grade structural controls of the system as
well as the potential for bulk tonnage lower grade material across the
corridor.

Prince George Property

A trenching program has been completed on the Prince George property to
test a gold anomaly that was discovered through a regional silt sampling
program with follow-up soil sampling. Results from the program are
expected within the next few weeks.

About Skygold

Skygold is an exploration company focused on advancing its flagship
Spanish Mountain gold project in central southern British Columbia. The
Company is well funded with a current cash position of $3.0 million and
has applied for Mineral Exploration Tax Credit refunds from the Province
of British Columbia totaling $2.7 million. These funds are expected to be
received in 2009.

Robert Darney, P.Geo. and R. Bob Singh P.Geo are the qualified persons
(as defined in NI 43-101) who have reviewed this news release.

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.

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

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

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