Vancouver, BC -- Skyharbour Resources Ltd. (TSX-V: SYH) (the "Company") announces that it has issued 50,000 common shares in connection with its Option Agreement dated August 1, 2006 with Carl D. Huston, a Director of the Company, whereby the Company has been granted an option to earn a 100% interest, subject to a 2% net smelter return royalty, in certain minerals claims totaling 2100 acres located in the Dent and Agnew Townships, Red Lake District, Kenora Mining Division, Ontario. These claims are contiguous to, and form a portion of the Company's now 3,200 acres South Bay property.
Click Here for South Bay Claims Map, NW Ontario
The common shares issued are subject to a four month hold period under applicable securities laws, and imposed by the TSX Venture Exchange, expiring March 2, 2008.
In order to earn its 100% interest in the 2100 acre portion of the South Bay property, the Company must make further cash payments of $25,000 and issue 150,000 common shares over the remaining two year term of the Option Agreement.
About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. is a gold and base metal exploration company developing projects in the RED LAKE and RAINY RIVER districts of northwestern Ontario, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
JAMES G. PETTIT
For further information contact myself or:
Skyharbour Resources Ltd.
Toll Free: 800-567-8181
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