Skyline Announces Issuance of Shares Under Shares for Debt Agreements

• Press Release
• Source: Skyline Gold Corporation
• On 1:31 pm EDT, Wednesday October 28, 2009

RICHMOND, BRITISH COLUMBIA--(Marketwire - Oct. 28, 2009) - Skyline Gold Corporation (TSX VENTURE:SK - News; "the Company") a company engaged in the exploration and development of its Bronson Slope mining property in north western British Columbia's 'Golden Triangle', is pleased to announce that further to our news release of October 6, 2009, the Company has issued 647,691 units in the Company pursuant to shares for debt agreements with creditors.

The shares for debt agreements extinguished $51,815.27 of the Company's debt for the issuance of 647,691 units. Each unit consists on one common share at $0.08 per share and one share purchase warrant. Each warrant will entitle the holder to purchase one additional share of the Company at a price of $0.12 per share for a period of one year from the date of issue. The units have a hold period expiring four months from the date of issue.

ON BEHALF OF THE BOARD OF DIRECTORS

SKYLINE GOLD CORPORATION.

David Jensen, P.Eng., President

Neither 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.

David Jensen, P.Eng.
Skyline Gold Corporation
President
604.270.3878
604.270.3858 (FAX)
www.skylinegold.com