Vancouver, BC -- Skyharbour Resources Ltd. (TSX.V: SYH) (the "Company") announces that it has issued 2,000,000 non flow-through Units pursuant to a private placement originally announced October 20, 2006. Each non flow-through unit consists of one common share and one share purchase warrant entitling the holder to purchase one additional common share until November 8, 2008 at a price of $0.10 per common share.
The common shares and warrants issued under the non flow-through placement and any shares issued pursuant to the exercise of share purchase warrants, are subject to a four month hold period under applicable securities laws, and imposed by the TSX Venture Exchange, expiring March 10, 2007.
About Skyharbour Resources Ltd.:
Skyharbour Resources is a mineral exploration company that focuses on the acquisition and exploration of projects in Northwestern, Ontario. The Company has options or interests in 7 gold or base metal properties located in the Red Lake greenstone belt.
ON BEHALF OF THE BOARD OF DIRECTORS
"Jim Pettit"
______________________________________
JAMES G. PETTIT
Director
For further information contact myself or:
Don Myers
Skyharbour Resources Ltd.
VP Corporate Communications
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.