Champion Homes Inc V.SKY

Sullivan Deeps Drilling Update 16 May

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Sullivan Deeps Drilling Update 5/16/05 VANCOUVER, BRITISH COLUMBIA, May 16, 2005 (CCNMatthews via COMTEX) -- Stikine Gold Corporation (the "Company") (TSX VENTURE:SKY) announces that diamond drillhole SD2 at the Sullivan Deeps project reached "Sullivan Time" at a depth of 2,364.8m (7,758 ft) and intersected a 0.8m (2.6 ft) interval of laminated and semi-massive and brecciated sulphides. This disappointingly thin sulphide intersection is comprised primarily of uneconomic pyrrhotite at a drillhole location intended to test the centre of a sub-basin that also hosts the Sullivan Deposit. As pyrrhotite is highly conductive, this thin sulphide interval could account for the large-scale target conductor observed during down-hole UTEM4 geophysics completed in late 2004 and geophysical work carried out by others in 1996. SD2 was eventually terminated in Lower Aldridge formation rocks at a depth 2,460.0m (8,071 ft). The Company is currently evaluating the results of SD2 in context of its previous work at the Sullivan Deeps target and will announce a decision regarding further exploration after completing a thorough review of all available information. Wedge drillhole SD1-A remains suspended due to site access difficulties. The Company is reviewing options for the remainder of this program in light of the results at SD2. Mr. Scott Broughton, P.Eng. is the NI 43-101 qualified person overseeing the project. STIKINE GOLD CORPORATION David J. Skerlec - Chief Financial Officer Stikine Gold CorporationDavid J. SkerlecChief Financial Officer(604) 684-1900 or Toll Free in North America: 1-888-881-8322(604) 684-2902 (FAX)[e-mail] NEWS RELEASE TRANSMITTED BY CCNMatthews The TSX Venture Exchange VANCOUVER, BRITISH COLUMBIA, May 16, 2005 (CCNMatthews via COMTEX) -- Stikine Gold Corporation (the "Company") (TSX VENTURE:SKY) announces that diamond drillhole SD2 at the Sullivan Deeps project reached "Sullivan Time" at a depth of 2,364.8m (7,758 ft) and intersected a 0.8m (2.6 ft) interval of laminated and semi-massive and brecciated sulphides. This disappointingly thin sulphide intersection is comprised primarily of uneconomic pyrrhotite at a drillhole location intended to test the centre of a sub-basin that also hosts the Sullivan Deposit. As pyrrhotite is highly conductive, this thin sulphide interval could account for the large-scale target conductor observed during down-hole UTEM4 geophysics completed in late 2004 and geophysical work carried out by others in 1996. SD2 was eventually terminated in Lower Aldridge formation rocks at a depth 2,460.0m (8,071 ft). The Company is currently evaluating the results of SD2 in context of its previous work at the Sullivan Deeps target and will announce a decision regarding further exploration after completing a thorough review of all available information. Wedge drillhole SD1-A remains suspended due to site access difficulties. The Company is reviewing options for the remainder of this program in light of the results at SD2. Mr. Scott Broughton, P.Eng. is the NI 43-101 qualified person overseeing the project. STIKINE GOLD CORPORATION David J. Skerlec - Chief Financial Officer Stikine Gold CorporationDavid J. SkerlecChief Financial Officer(604) 684-1900 or Toll Free in North America: 1-888-881-8322(604) 684-2902 (FAX)[e-mail] NEWS RELEASE TRANSMITTED BY CCNMatthews The TSX Venture Exchange