Vancouver, BC -- Skyharbour Resources Ltd. (TSX-V: SYH) (the "Company") announces that it has issued an aggregate of 150,000 common shares and paid the total sum of $20,000 in connection with three separate Option Agreements, each dated November 30, 2006 with Rubicon Minerals Corp. and Perry English, whereby the Company has been granted an option to earn a 100% interest, subject to a 2% net smelter return royalty, in the "D1", "D2" and "E" properties located in the Pattullo and Tait Townships, Rainy River District, Northwestern Ontario.
Click Here for Rainy River Ontario Claims Map
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 8, 2008.
In order to earn its 100% interest in the properties over the next two years, the Company must make further cash payments of $36,000 and issue 100,000 common shares in connection with the "D1" Claim Block, further cash payments of $36,000 and issue 100,000 common shares in connection with the "D2" Claim Block and further cash payments of $42,000 and issue 100,000 common shares in connection with the "E" Claim Block.
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
DONALD C. HUSTON
For further information contact myself or:
Skyharbour Resources Ltd.
Toll Free: 800-567-8181
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