Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (the "Company") announces the share consolidation will be effective as of February 23rd, 2011. At Skyharbour's Special General Meeting held November 23rd, 2010, the shareholders approved a Special Resolution consolidating the Company's share capital on the basis of one (1) new share for each ten (10) old shares. The issued capital of the Company is currently 117,686,750 which will become 11,768,675 less fractions where applicable, after the consolidation. This transaction required the approval of the shareholders and the TSX Venture Exchange. There will be no name change in conjunction with the consolidation.
Management of the Company believes that a consolidation of its share capital will better position the Company to raise the funds it requires to finance its ongoing business activities including the acquisition of mineral properties and exploration and development of its properties.
The new ISIN issuance number is: CA8308162038
The new CUSIP number is: 830816203
About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. is a gold and base metal exploration company developing projects in the Red Lake district of northwestern Ontario, Canada.
To find out more about Skyharbour Resources Ltd. (TSX-V: SYH), visit the Company's website at www.skyharbourltd.com.
ON BEHALF OF THE BOARD OF DIRECTORS
James G. Pettit
For further information contact myself or:
Skyharbour Resources Inc.
Toll Free: 800-567-8181
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.