Sniper Resources Ltd. Phase 2 Drilling Commences at Overland Pass

Friday, Jan 27, 2012

Sniper Resources Ltd. (TSX VENTURE:SIP)(FRANKFURT:A1H38M) ("Sniper" or "the Company") is pleased to announce that the Company's Phase 2 Drilling Project Plan of Operations commenced on January 24th at the Company's Overland Pass property located immediately north of Barrick's Bald Mountain Mine. The Company has engaged Boart Longyear as contractor for the drill program which will comprise 25 drill holes from 20 drill sites.

Overland Pass previously had 13 holes drilled by Sniper during 2006-2007 with very encouraging results. The present work plan is based, in part, upon results from that program and in part, is designed to test additional areas of favourable geology that could not be tested during that program because of the biological and cultural clearances required in those areas, some of which had known high grade Au surface sampling results.

All scientific and technical information contained in this news release has been reviewed and approved by Douglas H. McGibbon, a director and the Vice-President, Exploration of the Company, who is a "qualified person" within the meaning of National Instrument 43-101.

Source: Marketwire