Vancouver, BC - Skyharbour Resources Ltd. (TSX.V: SYH) (the "Company") announces a non-brokered private placement of up to 5,000,000 Flow-Through Units (the "Units"). The Units are being offered at a price of $0.10 per Unit. Each Unit will consist of one flow-through share ("Flow-Through Share") and one share purchase warrant (the "Warrant") entitling the holder to purchase an additional non-flow through share at a price of $0.13 for a period of one year.
The Company will pay a finder's fee in non-flow through units equal to 7.5% of the total gross proceeds received by the Company from the sale of the Units. The finder's warrants shall be non-flow through and shall have the same terms as the Warrants.
The proceeds of the private placements will be expended on the Company's Broulan Reef Project located in the Red Lake area, Ontario.
About Skyharbour Resources Ltd.:
Skyharbour Resources is a mineral exploration company that focuses on the acquisitions of and exploration of gold projects in Northwestern, Ontario. It has options or interests in 5 mineral properties located in the Red Lake greenstone belt.
ON BEHALF OF THE BOARD OF DIRECTORS
DONALD C. HUSTON
For further information contact myself or:
Skyharbour Resources Ltd.
VP Corporate Communications
Toll Free: 800-567-8181
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