/EINPresswire.com/ -- VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/06/16 -- SnipGold Corp. ("SnipGold" or the "Company") (TSX VENTURE: SGG), in response to the trading halt issued by the Investment Industry Regulatory Organization of Canada ("IIROC"), provides the following statement:

As previously disclosed, the Company has had discussions with various third parties with respect to a possible transaction or agreement to advance the Iskut Property and the Company may continue to have discussions with respect to such a transaction. The Company does not have any undisclosed material change to report as this time. The Company will keep the market informed as required.

The Company's Iskut holdings consist of over 500km2 of prospective ground in the Golden Triangle of British Columbia. The Company's property hosts numerous drill ready high-grade gold targets.

About SnipGold

SnipGold Corp. is a Canadian company focused on the exploration and expansion of gold resources in northwest British Columbia. SnipGold's board and management have significant experience in discovery, exploration and development of gold projects.

On Behalf of the Board of Directors

SnipGold Corp.

Patrick Soares, Chairman of the Board

NEITHER THE 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.

Statements in this release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual events to differ materially from those projected. There are no assurances the Company can fulfil such forward-looking statements and the Company undertakes no obligation to update statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control.

Contacts:
SnipGold Corp.
John Zbeetnoff
CEO
604-681-3989
604-681-3557 (FAX)
info@snipgoldcorp.com
www.snipgoldcorp.com