Wildrose Resources Ltd. Announces Plan of Arrangement Receives Shareholder and Court Approval

June 19 2008 - Wildrose Resources Ltd. (“Wildrose”) (TSX-V: WRS) and Skygold Ventures Ltd. (“Skygold”) (TSX-V: SKV) are pleased to announce that their respective shareholders have approved the plan of arrangement at meetings held in Vancouver, B.C. on June 13, 2008 (see News Releases dated December 5, 2007 and March 7, 2008 for details of the plan of arrangement). Under the plan of arrangement, Skygold will acquire all outstanding shares of Wildrose and will then control 100% of the Spanish Mountain Project in central British Columbia. Wildrose shareholders will receive 0.82 of a common share of Skygold for each common share of Wildrose held prior to closing of the plan of arrangement.

Skygold and Wildrose are also pleased to announce that on June 17, 2008, the Supreme Court of British Columbia has granted the final order approving the plan of arrangement.

The completion of the transaction is now subject only to the approval of the TSX Venture Exchange. The companies anticipate that upon receiving final approval, the transaction should close by June 27, 2008.

On Behalf of the Board,

WILDROSE RESOURCES LTD

Bill Morton

J. William Morton, P. Geo.

President

For further information please contact:

Paul Way, Business Development Manager

pway@eastfieldgroup.com

(604) 681-7913 or toll-free (888) 656-6611

Forward-Looking Information

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that Skygold Ventures Ltd. and/or Wildrose Resources Ltd. (the “Companies”) expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. In this news release, predictions about the Plan of Arrangement being approved and finalized are forward-looking statements. Although the Companies believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include the conditions of the letter agreement not being satisfied. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required under applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here