Sniper Resources Ltd.: First Phase Drilling Completed at Weepah

Sniper Resources Ltd. (TSX VENTURE:SIP)(FRANKFURT:A1H38M) ("Sniper" or the
"Company") is pleased to report that it has completed an initial drill program
at the Weepah gold property in Esmeralda County, Nevada, with results expected
in 2 to 3 weeks. The Weepah property is approximately 10 miles from Scorpio
Gold's presently active Mineral Ridge mine near Silver Peak, and immediately
adjoins a historic open pit gold mine. Weepah has historical gold production
from an open pit along a steep, northerly structure cutting Precambrian
sedimentary rocks. Mining was first conducted in the 1930s. During the 1980s,
Sunshine Mining Company enlarged the pit and hauled the ore to the mill at the
nearby 16-to-1 mine which they were then operating.


A Boart Longyear track-mounted drill was mobilized from Sniper's Overland Pass
Project to Weepah on February 21, 2012 immediately after completion of a Phase
Two drill program conducted at Overland Pass during January-February 2012. A
1,630 feet (497 m) Phase 1 reverse circulation angle drilling program comprising
8 shallow holes was carried out at Weepah. Analytical results from Sniper's
drill hole samples are pending. 


An initial drill program carried-out on Weepah by the owner of the property,
Columbus Gold Corporation ("Columbus"), in early 2011 returned significant
intercepts from several holes that were reported by Columbus in March, 2011.
Sniper's Weepah drill program was designed to extend and fill-in between the
shallow, oxidized gold mineralization discovered in certain of the Columbus
drill holes.


The principal drill targets in Sniper's project area are only a few hundred feet
east of the historic open pit but are different in geological character. The
gold mineralization occurs as replacements in sanded, or lightly silicified,
Precambrian limestone that is exposed in small outcrops through thin gravel
cover on the north edge of an alluvial basin. Favorable (for gold
mineralization) Precambrian silt and limestone beds lie immediately beneath
shallow gravel cover over a wide area and are altered where exposed, with very
anomalous gold values found locally. As earlier reported by Columbus, outcrop
sampling of the altered limestone yielded values from anomalous up to 10.29 g/t
(0.30 opt) gold over 3.6 m (12 ft), and 17.14 g/t (0.50 opt) gold over 1.8 m (6
ft).


Drill hole information is shown in the tables that follow below. The first four
holes shown below in Table 1 were drilled and reported by Columbus and are the
holes that were offset in the Sniper program. Table 2 shows the locations and
orientations of the Sniper drill holes.


TABLE 1:



----------------------------------------------------------------------------
Columbus                                                                    
Drill     NAD 27    NAD 27 Elevation Elevation  Bear-               TD    TD
Hole     Easting  Northing      (ft)       (m)    ing Inclination (ft)   (m)
----------------------------------------------------------------------------
WP-04    451,218 4,197,917      6190   1,886.7      0         -90  505 153.9
----------------------------------------------------------------------------
WP-05    451,293 4,197,971      6210   1,892.8      0         -90  405 123.4
----------------------------------------------------------------------------
WP-07    451,407 4,198,015      6225   1,897.4      0         -90  405 123.4
----------------------------------------------------------------------------
WP-08    451,381 4,197,946      6215   1,894.3      0         -90  405 123.4
----------------------------------------------------------------------------



TABLE 2:



----------------------------------------------------------------------------
Sniper                                                                    
Drill     NAD 27    NAD 27 Elevation Elevation  Bear-               TD    TD
Hole     Easting  Northing      (ft)       (m)    ing Inclination (ft)   (m)
----------------------------------------------------------------------------
WP-16    451,398 4,198,018      6233   1,899.8      0         -45  265  80.8
----------------------------------------------------------------------------
WP-17    451,409 4,198,007      6235   1,900.4    270         -45  205  62.5
----------------------------------------------------------------------------
WP-18    451,406 4,198,015      6231   1,899.2    180         -60  205  62.5
----------------------------------------------------------------------------
WP-19    451,292 4,197,970      6210   1,892.8      0         -45  185  56.4
----------------------------------------------------------------------------
WP-20    451,298 4,197,963      6221   1,896.2    110         -45  155  47.2
----------------------------------------------------------------------------
WP-21    451,289 4,197,955      6247   1,904.1    235         -45  205  62.5
----------------------------------------------------------------------------
WP-22    451,221 4,197,909      6197   1,888.9    230         -45  205  62.5
----------------------------------------------------------------------------
WP-23    451,378 4,197,941      6187   1,885.8    240         -55  205  62.5
----------------------------------------------------------------------------



Mapping, along with ground magnetics and CSAMT geophysical surveys that were
carried-out by Columbus indicate that the favourable geology extends beyond the
area of historical drilling to the south and east for 1,200-1,500 m (4,000-5,000
ft) under what appears to be very shallow gravel cover.


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.


ABOUT SNIPER RESOURCES LTD.

Sniper Resources Ltd. is engaged in the identification, acquisition and
exploration of gold properties in the State of Nevada, USA. Sniper owns a 100%
interest in the ReHot project and holds options to earn a controlling interest
in four strategically located Nevada gold projects, namely, Guild, Overland
Pass, Weepah, and Laura. 


This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this
release, including, without limitation, statements relating to the potential
mineralization and geological merits of the Weepah property, and other future
plans, objectives or expectations of the Company are forward-looking statements
that involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the Company's
plans or expectations include risks relating to the actual results of current
and planned exploration activities; the geology, grade and continuity of any
mineral deposits; fluctuating gold prices; risks associated with property option
agreements, leases, joint ventures and the ability to conclude joint venture
agreements on favourable terms; possibility of accidents, equipment breakdowns
and delays during exploration; exploration cost overruns or unanticipated costs
and expenses; availability of capital and financing required to continue the
Company's exploration programs; general economic, market or business conditions;
regulatory changes and restrictions including in relation to environmental
liability; timeliness of government or regulatory approvals and other risks
detailed herein and from time to time in the filings made by the Company with
securities regulators. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise except as otherwise
required by applicable securities legislation.
Sniper Resources Ltd. (TSXV:SIP)
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