Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (the "Company") announces that following its 10 old for 1 new share consolidation, the Company it has cancelled 918,987 post consolidated stock options previously granted to its directors, officers, consultants and management company employees.
The Company also announces it has agreed with its joint venture partner, Cypress Development Corp. (TSX-V: CYP) ("Cypress"), to a dilution of its interest in the Broulan Reef gold property located in the Red Lake District, Ontario, from a 17.5% interest to a 15.67% in lieu of outstanding property expenditures of $218,562. Following the dilution, Cypress will hold a 84.33% in Broulan Reef property.
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
Donald C. Huston
For further information contact myself or:
Skyharbour Resources Inc.
Toll Free: 800-567-8181
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