Article: Skygold Ventures Ltd.: Spanish Mountain 2004 Drill Program Results; 34 Holes Return 55 Gold Intercepts

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 3, 2005) - Skygold Ventures Ltd. (TSX VENTURE:SKV) has now received the results for the final 7 holes of a 34-hole reverse-circulation drill program completed at the Spanish Mountain project, Cariboo Mining Division, BC. Results for the first 16 holes of the program were released on December 15, 2004 and an additional 11 holes were released on January 12, 2005.

The current results include significant intercepts in Holes 203,204 and 205 that are located on the north-facing bank of Spanish Creek. These holes are summarized in the following table (all the intersections represent down the hole lengths):

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