Stikine Announces $300,000 Private Placement



    SKY:TSX.V

    VANCOUVER, June 10 /CNW/ - 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.

    
                           STIKINE GOLD CORPORATION

                              "Scott Broughton"

                ----------------------------------------------
                 Scott E. Broughton, P.Eng. - President & CEO

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





For further information:

For further information: Investor Relations, Tel: (604) 684-1900, Fax:
(604) 684-2902, Email: info@stikinegold.com, Web: www.stikinegold.com

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Stikine Energy Corp.

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