Vancouver, BC -- Skyharbour Resources Ltd. (TSX.V: SYH) (the "Company") announces that it has issued 300,000 flow-through Units at a price of $0.10 per unit pursuant to a private placement originally announced December 1, 2006. Each flow-through unit consists of one flow-through common share and one share purchase warrant entitling the holder to purchase one non flow-through common share at a price of $0.15 per share until January 4, 2008.
The flow-through common shares and warrants issued under the 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 May 6, 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 10 gold or base metal properties located in the Red Lake & Rainy River greenstone belt.
ON BEHALF OF THE BOARD OF DIRECTORS
JAMES G. PETTIT, Director
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.