Vancouver, British Columbia: Stikine Energy Corp. (TSX.V: SKY) (the "Company") announces that it has entered into shares-for-debt agreements (the "Agreements") with various arm's length creditors to satisfy certain accounts. Under the terms of the Agreements, Stikine will issue 2,065,517 common shares at a deemed price of five cents per share to satisfy accounts payables totalling $103,276. The Agreements and share issuances are subject to approval by the TSX Venture Exchange. Common shares issued under the Agreements will be subject to a four-month hold period.

STIKINE ENERGY CORP.

"David Skerlec"

David J. Skerlec - Chief Financial Officer



For further information contact:
Investor Relations
Tel: (604) 684-1900
Fax: (604) 684-2902
Email: info@stikineenergy.com
Web: www.stikineenergy.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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