Incentive Stock Options Granted


October 3, 2007

Vancouver, BC -- Skyharbour Resources Ltd. (TSX-V: SYH) (the "Company") announces that pursuant to its stock option plan, the Company has granted incentive stock options to its various directors, officers, management, and Company employees to purchase up to an aggregate of 2,380,000 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $0.135 per share. Skyharbour Resources 10% rolling stock option plan was approved by the shareholders at the Annual General Meeting of the Company held on August 22, 2007. These options are subject to a four-month hold period.

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

"Don Huston"
___________________________________
DONALD C. HUSTON
President

For further information contact myself or:
Don Myers
Skyharbour Resources Ltd.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

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