Vancouver, BC -- Skyharbour Resources Ltd. (TSX-V: SYH) (the "Company") announces that it has issued 50,000 common shares and paid the total sum of $10,000 in connection with an Option Agreement dated December 1, 2006 with Precambrian Ventures Ltd., whereby the Company has been granted an option to earn a 100% interest, subject to a 2% net smelter return royalty, in ten (10) claim blocks consisting of twenty (20) units (approximately 800 acres) located in the Dent and Mitchell Townships, Red Lake District, Northwestern Ontario. These claims are contiguous to, and form a portion of the Company's now 3,200 acres South Bay Copper-Zinc project.
Click Here for South Bay Claims Map, NW Ontario
The common shares issued are subject to a four month hold period under applicable securities laws, and imposed by the TSX Venture Exchange, expiring April 13, 2008.
In order to earn its 100% interest in the properties over the next two years, the Company must make further cash payments of $32,500 and issue 200,000 common shares.
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
DONALD C. HUSTON
For further information contact myself or:
Skyharbour Resources Ltd.
Toll Free: 800-567-8181
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