Vancouver, BC -- Skyharbour Resources Ltd. (TSX-V: SYH) announces that further to its news release dated May 31, 2011, it has closed its non-brokered private placement and issued a total of 2,000,000 units at a price of $0.095 per unit to raise gross proceeds of $190,000. Each unit consists of one common share and one non-transferable share purchase warrant which entitles the holder to purchase one additional common share of the Company at a price of $0.125 per share until June 24, 2014.
The 2,000,000 common shares and any shares to be issued upon the exercise of the warrants will be subject to a four month hold restriction until October 25, 2011.
The Company intends to utilize the proceeds from the private placement for general working capital purposes.
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
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.