Vancouver, BC -- Skyharbour Resources Ltd. (TSX.V: SYH) ("Skyharbour") is pleased to announce that confirmation has been received from the Ministry of Northern Development and Mines of Ontario for the renewal of the Broulan Reef mining leases for an additional 21 years, held by Skyharbour (20%) and Cypress Development Corp. (80%). This allows the companies greater latitude in their ability to conduct proper and extensive exploration programs over a long period of time. The Broulan Reef property is located adjacent to the south of Southern Star Resources / Exall Resources Gold Eagle property, where a major successful drill program is underway, in the heart of the Red Lake gold camp of northwestern Ontario.
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The 2006 summer deep drill program on Broulan Reef project is continuing with the 1st hole (BR6-06) now completed, assays are pending. The 1st hole was collared on the east shore of McKenzie Island and drilled to the east under the waters of the Bruce Channel. The 1st hole has encountered several well recognized stratigraphic horizons including rhyolite and iron formations. The hole ended in Balmer Assemblage mafic volcanics. The drilling of the 2nd deep hole (BR7-06) is currently underway. The 2nd hole was collared at the same location as BR6-06 and is being drilled in a southeasterly direction (130 degrees azimuth).
Skyharbour and Cypress Development are finalizing plans for a winter 2006-2007 drill program to follow-up on data received from this summer's 3 deep holes drill program.
David J. Busch, B.A., B.Sc., PGeo., Vice President of Explorations, is the qualified person under the meaning of National Instrument 43-101, and has reviewed the data in this News Release.
About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. 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
DONALD C. HUSTON
For further information contact myself or:
Skyharbour Resources Ltd.
VP Corporate Communications
Toll Free: 800-567-8181
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.