Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTC Grey: SYHBF) (Frankfurt: SC1N) (“Skyharbour”) is pleased to announce the addition of Richard Kusmirski, M.Sc., P.Geo., to the Company’s Board of Directors. Mr. Kusmirski has served as Skyharbour’s Head Technical Advisor since March 21, 2013 and will continue to serve in this role going forward.
Rick Kusmirski has over 40 years of exploration experience in North America and overseas, and has actively participated in the discovery of a number of uranium, gold and base metal deposits. For several years, in his capacity as Exploration Manager, he directed Cameco Corporation's (TSX: CCO) uranium exploration activities in the Athabasca Basin. In 1999, Rick joined JNR Resources becoming Vice President of Exploration in 2000. Subsequently, he directed the exploration program that led to the discovery of the Maverick Zone on the Moore Lake uranium joint venture in the Athabasca Basin in Saskatchewan with partner Kennecott Canada. Rick became JNR's President and CEO in January of 2001. In February of 2013, Denison Mines Corp. (TSX: DML) successfully acquired all of the outstanding shares of JNR by way of a friendly all-share take-over bid.
In other news, Skyharbour announces that 3,450,000 additional warrants have been exercised recently raising an additional $345,000 in net proceeds. Skyharbour is well funded with over $1,300,000 in its treasury.
Jordan Trimble, President and CEO of Skyharbour Resources, states: "Rick has been an integral part of the Skyharbour team over the last year as our head geologist. He brings with him many years of technical experience with focused expertise in Athabasca Basin uranium exploration including several discoveries he is credited with making. With over $1.3 million in the treasury, Skyharbour is fully funded for our planned work programs and we look forward to continuing to advance our portfolio of Athabasca Basin uranium projects with Rick at the helm of the technical team.”
Skyharbour announces that it has completed the sale of Skyharbour’s 20% interest in the McKenzie Island gold property in Red Lake, Ontario to Cypress Development Corp. (TSX-V: CYP) pursuant to the companies news releases dated March 18, 2014. In consideration for the 20% interest, Cypress has paid $25,000 in cash to Skyharbour.
The Company also announces that is has granted to directors, officers, employees and consultants an aggregate of 1,000,000 stock options under the Company's Stock Option Plan. The options will be exercisable for a period of five years at a price of $0.10 per share. The stock options are subject to TSX Venture Exchange approval.
About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. is a uranium exploration company and a member of the Western Athabasca Syndicate which controls a large, geologically prospective land package consisting of five properties (287,130 hectares or 709,513 acres) in the Athabasca Basin of Saskatchewan. $6,000,000 in combined exploration expenditures over the next two years is planned on these properties, $5,000,000 of which is being funded by the three partner companies. Skyharbour also owns a 60% interest in the Mann Lake Uranium project on the east side of the Basin strategically located 25 km southwest of Cameco’s McArthur River Mine. The Company has approx. 55 million shares outstanding with insiders owning over 20% of the outstanding shares. Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.
To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com.
SKYHARBOUR RESOURCES LTD.
President and CEO
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Skyharbour Resources Ltd.
Toll Free: 800-567-8181
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This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.