Vancouver, BC, June 24, 2008 - Wildrose Resources Ltd. (“Wildrose”) (TSX-V: WRS) announced that the effective date of the Plan of Arrangement with Skygold Ventures Ltd. (“Skygold”) (TSX-V: SKV) shall be June 27, 2008 (the “Effective Date”). 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 Wildrose common share held on the Effective Date. Trading in the Wildrose common shares on the TSX Venture Exchange shall remain halted until the Effective Date.
On Behalf of the Board,
WILDROSE RESOURCES LTD
G. L. Garratt, P.Geo.
For further information please contact:
Paul Way, Business Development Manager
(604) 681-7913 or toll-free (888) 656-6611
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.
Forward-Looking Statements: The above contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.