Spanish Mountain Gold Ltd.TSXV: SPA

Fundamental Research Corp Releases Update on SkyGold Ventures Ltd. (TSX-V: SKV)

· Issued by Spanish Mountain Gold Ltd.

May 7, 2009 (Baystreet.ca) --

SkyGold Ventures Ltd. (TSX-V: SKV) – Updated Resource Estimate at Spanish Mountain

Fundamental Research Corp has issued an update on SkyGold Ventures Ltd. (TSX-V: SKV) in a report entitled “Updated Resource Estimate at Spanish Mountain” and dated April 30, 2009. The full report is now at www.researchfrc.com.

SKV is an FRC Top Pick Introduction to the Evaluation of Junior Mining Companies

Our analysts are experts in the industries and companies they cover. They are sought after by investors and media for opinions on the companies and industries they cover. Nothing shows this better than the course Edumine asked our President, Brian Tang, CFA, and Head of Research, Sid Rajeev, MBA, to develop called "An Introduction to the Evaluation of Junior Mining Companies for Investment Purposes". To view the course outline and introduction, please follow the link below. In the course, the authors give real life examples using reports of companies Fundamental Research Corp covers as case studies in order to give students both a theoretical and practical experience.

Ever wonder how FRC modifies option pricing to value early stage projects? Take the course and get some insight. http://www.edumine.com/xutility/html/menu.asp?category=xcourse&course=xresearch Contact:Sid Rajeev, MBA604-682-7065