Stikine Energy : Amends Private Placement Terms

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Vancouver, British Columbia: Stikine Energy Corp. (TSX.V: SKY) ("Stikine" or the "Company") announces that it has extended the offering period of its previously announced private placement and amended the price of the private placement and the terms of the proposed warrants to be issued.

The Company now intends to proceed with a non-brokered private placement (the "Private Placement") of up to 16,666,667 units of the Company (the "Units") at an offering price of $0.015 per Unit for gross proceeds of up to $250,000. Each Unit consists of one common share of the Company and one full common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to acquire one common share for two years following closing, at an exercise price of $0.05.

All other proposed terms of the private placement remain unchanged. The Company has extended the offering period and now expects to close within approximately one month. Interested investors, including qualified existing shareholders are invited to contact the Company as soon as possible.

About Stikine Energy and the Angus Frac Sand Project

Stikine is focused on becoming a dominant frac sand supplier to British Columbia's developing shale gas industry. The Horn River, Liard and Montney Basins are large-scale gas plays led by major producers who currently rely on frac sand transported over great distances. The Angus project, which lies in close proximity to the Montney basin, was identified in 2009 through a systematic search for raw material sources possessing the different frac sand sizes used in the basin and the potential for large-scale resource development. Stikine has previously completed resource estimates, engineering and baseline environmental work in addition to community consultation for the Angus project and remains committed to further development when market conditions improve and financial resources permit.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless an exemption from such registration is available.

STIKINE ENERGY CORP.
"David Skerlec"

David J. Skerlec - Chief Financial Officer

For further information contact:
Tel: [phone]
Fax: [phone]
Email: [e-mail]
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.