Sniper Closes Final Tranche of Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Sniper Resources Ltd. ("Sniper" or the "Company") (TSX
VENTURE:SIP)(FRANKFURT:A1H38M) announces that it has closed a final tranche of
its previously announced non-brokered private placement of units and has issued
an additional 133,333 units at $0.15 per unit. No finder's fees or commissions
were paid in connection with the private placement. Each unit consists of one
common share and one warrant to purchase an additional common share at $0.25 per
share for a period of three years.


The proceeds of the private placement will be used towards the exploration
program on the Weepah gold property and for general working capital purposes.


All securities issued or issuable under this tranche of the private placement
are subject to a hold period under applicable Canadian securities laws expiring
on September 18, 2012, in addition to such other restrictions as may be
applicable under securities laws outside Canada.


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 does not constitute an offer to sell or a solicitation of an
offer to buy any of the Company's 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 (the "1933 Act"), or any state securities
laws and may not be offered or sold within the United States or to U.S. persons
unless registered under the 1933 Act and applicable state securities laws, or an
exemption from such registration is available. Any public offering of securities
in the United States must be made by means of a prospectus that contains
detailed information about the Company and its management, as well as financial
statements.


Sniper Resources Ltd. 

Scott Baxter, Chief Executive Officer

Sniper Resources Ltd. (TSXV:SIP)
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