Skygold Ventures Ltd. ("Skygold" or the "Company") (SKV-TSXV) is pleased to announce that it has received approval from the TSX Venture Exchange for the change of company name to Spanish Mountain Gold Ltd.

In connection with the name change, the trading symbol for common shares of the Company will change to "SPA" effective January 14, 2010. Shareholders of the Company are not required to take any action pertaining to stock, option or warrant certificates issued by the Company. 

The Company also announces that it will be re-locating to new offices during January, 2010. The new address and contact information, to become effective on January 25 will be:

SPANISH MOUNTAIN GOLD LTD
Suite 920
1055 West Hastings St
Vancouver, BC, V6E 2E9
Canada
Phone : (604) 601 3650
Website: www.spmtngold.com

On Behalf of the Board,
SPANISH MOUNTAIN GOLD LTD 

Brian Groves

Brian Groves.
President

Contact: B&D Capital Partners (604) 685-6465

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