VANCOUVER, BRITISH COLUMBIA, Feb 27, 2012 (MARKETWIRE via COMTEX) -- Skyline Gold CorporationCA:SK 0.00% ("Skyline" or the "Company") is pleased to announce the completion of the Iskut River Joint Venture ("IJV") Agreement and the receipt of its multi-year land use permit for the IJV area from the Government of British Columbia.

The Company received TSX Venture Exchange ("TSXV") approval for the issuance of 5,000,000 common shares and 2,500,000 common share purchase warrants exercisable at the price of $0.50 until June 7, 2016 as total consideration for a 95% interest in 10 mineral claims known as the Iskut River Joint Venture property in northwestern British Columbia; an existing 2% net smelter return royalty will continue.

Mr. Zbeetnoff comments, "I am pleased to have reached the conclusion of this acquisition. Our compilation of historical data on this key property continues. Of key interest on this property is the Gorge showing, which will be the site of focused 2012 exploration."

On Behalf of the Board of Directors

Skyline Gold Corporation

John Zbeetnoff, Chief Executive Officer