Stikine Closes $500,000 Private Placement



    SKY:TSX.V

    VANCOUVER, Oct. 14 /CNW/ - Stikine Gold Corporation (SKY:TSX.V) announces
that, further to its press release of September 4, 2008, it has closed a
private placement for gross proceeds of $500,000. 5 million units have been
issued, each consisting of one common share and one common share purchase
warrant, with each warrant entitling the holder to acquire an additional
common share until October 14, 2009 at a price of $0.15. All securities issued
in connection with this financing are subject to a hold period expiring on
February 15, 2009.
    Proceeds from the private placement will be used for working capital and
initial exploration of the Grant Gold project, located approximately
eight kilometers southwest of Fort St. James, British Columbia.

    
                           STIKINE GOLD CORPORATION

                             "David J. Skerlec"
                --------------------------------------------
                 David J. Skerlec - Chief Financial Officer

    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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