Sniper Negotiates Overland Pass Extension and Drops Guild

Sniper Resources Ltd. (TSX VENTURE:SIP) ("Sniper" or the "Company") is pleased
to announce that it has entered into an extension agreement with Columbus Gold
Corporation in respect of the Overland Pass property located in Nevada, USA.


The Company, through its wholly owned subsidiary Sniper Resources (U.S.) Inc.,
has the right to earn a 51% interest in Overland Pass by incurring an aggregate
of US$2,000,000 in exploration expenditures on the property. The Company can
earn an additional 19% interest in the property by completing a positive
feasibility study.


Pursuant to the terms of the extension agreement, Sniper must satisfy the
following work commitments to earn a 51% interest in the property:


Overland Pass Property

Sniper agreed to spend a minimum of US$850,000 on exploration of the Overland
Pass property on or before December 31, 2013, of which US$350,000 is a binding
commitment that cannot be cancelled through termination of the agreement, and an
additional US$1,150,000 on exploration of the Overland Pass property on or
before December 31, 2014.


In consideration for the extension, Sniper will issue 150,000 common shares to
Columbus Gold Corporation, within five business days following receipt of
approval of the extension agreement by the TSX Venture Exchange.


Guild Property

Despite encouraging results at Guild, the Company has issued Columbus Gold
Corporation a notice of termination of the Guild option. Unfortunately, Sniper
was forced to make this decision as the Company could not meet all the carrying
costs and exploration commitments for all its properties in the current market
environment. The Company has written-off $1,070,439 in exploration and
evaluation costs, representing all acquisition and deferred exploration costs
incurred on the Guild property.


Sniper Resources Ltd.

Scott Baxter, Chief Executive Officer

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 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 exploration
activities, fluctuating gold prices, possibility of equipment breakdowns and
delays, exploration cost overruns, availability of capital and financing,
general economic, market or business conditions, regulatory changes, 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Sniper Resources Ltd.
Scott Baxter
Chief Executive Officer
604-263-5614 or Toll Free: 1-888-737-2454
scott@sniperresources.com
www.sniperresources.com

Sniper Resources Ltd. (TSXV:SIP)
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