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Message: Sniper Resources Ltd.: Drilling Update on Guild Property


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 4, 2011) - Sniper Resources Ltd. (TSX VENTURE:SIP) (the "Company") is pleased to report that 5 initial reverse circulation drill holes, of an approved 24 hole program, were completed by a truck-mounted drill rig owned by Hackworth Drilling, of Elko, Nevada prior to Christmas, 2010. The footage drilled in these initial 5 holes totals 2,640 feet. The geology encountered in the holes generally supports the interpretations used to design the present exploration program.

Drilling of 3 to 4 more presently approved holes using the same rig, depending upon site accessibility, is expected to start by mid January, 2011. Efforts are also under way to procure a track-mounted rig which will be necessary for accessing the remaining approved drill sites.

Samples from the 5 completed drill holes have been submitted to ALS Minerals for fire assaying with atomic adsorption finish for gold. In addition, selected drill-hole samples as well as several surface selected grab samples collected during the drill program will be analyzed for multi-element geochemistry. Analytical results from the samples are anticipated to be received by mid-January and will be incorporated in planning further work on the property beyond the present program.

ALS Minerals is a respected international analytical company that was formerly known as ALS Chemex, and has ISO 9001:2008 registration and ISO 17025 accredited methods certification for North America.

The Guild Property

Surface sample gold values hosted by Paleozoic rocks at the northern and southern ends of the Guild property are separated by a Tertiary volcanic-covered area that is believed to be thin and will be tested by the drill program. One or more major through-going structures are thought to be present there that may have served as feeders for the surface mineralization. The area of an additional western window through the volcanics that exposes the Paleozoic rocks will also be tested in the second phase of the program.

The results of gravity and CSAMT surveys conducted over the area for the Company by Zonge Geophysics were inconclusive as to bedrock depth but suggested that several high-angle structures may be present.

Details on the Company's Guild property are set forth in the Company's prospectus dated July 15, 2010 and in the technical report referred to therein, all of which are available on the SEDAR website (

Sniper Resources Ltd.

Scott Baxter, Chief Executive Officer

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