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SKYLINE GOLD CORP. LEASES PROPERTY ADJOINING SNIP MINE TO COMINCO/PRIME

 VANCOUVER, British Columbia, March 18 /PRNewswire/ -- Ronald C. Shon, chairman and chief executive officer of Skyline Gold Corp. (Toronto, Vancouver: SKX), today announced an exclusive Option Agreement with the Cominco/Prime Joint Venture ("Cominco") granting a 10-year Mining Lease on a defined area adjoining the Snip Mine's south boundary. The term of the Mining Lease would commence with Cominco's Notice of Production and would be renewable for a second 10-year period with a cash payment of $500,000.
 To exercise the Option, Cominco must spend $250,000 on or before Dec. 31, 1993, and to maintain the option must spend cumulatively, prior to Dec. 31 in each succeeding year, $750,000 in 1994, $1,250,000 in 1995 and $2,000,000 in 1996. If Cominco completes the scheduled expenditure but fails to put the property in production before Dec. 31, 1997, then Cominco would immediately give Skyline a further cash payment of $250,000 in order to maintain its option and annual payments of that amount would be required each year until commencement of production.
 Skyline will be entitled to a scaled Net Smelter Return Royalty ("NSR") on all mineral production in accordance with a schedule attached to the price of gold. With gold priced at $330 per ounce, the NSR will be 3 percent rising incrementally to 5 percent once the price per ounce of gold reaches $400 and 20 percent of any price received above $400 for gold.
 Cliff Grandison, managing consultant, commented, "Skyline will retain the Johnny Mountain Mine, (including the Stonehouse Deposit), as well as the Craig River and Bronson Creek properties, which all form a part of Skyline's Iskut River properties. The company plans to conduct its own exploration programs on both the Stonehouse Deposit and Bronson Creek porphyry system and will initiate and enter into a joint venture exploration program on Craig River."
 -0- 3/18/93
 /CONTACT: Ronald C. Shon, president and CEO of Skyline Gold Corp., 604-683-6865/
 (SKX.)


CO: Skyline Gold Corp. ST: British Columbia IN: MNG SU: RLE

JB -- LA011 -- 9026 03/18/93 11:20 EST
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Date:Mar 18, 1993
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