Vancouver, BC -- Skyharbour Resources Ltd. (TSX.V: SYH) (the "Company") announces that it has closed its non-brokered private placement announced by News Release dated July 12, 2006. The Company issued 2,200,000 units at a price of $0.08 per unit. Each unit consists of one common share and one share purchase warrant which entitles the holder to purchase an additional common share of the Company at a price of $0.105 until July 14, 2008. The common shares and any common shares to be issued upon exercise of the warrants will be subject to a hold period and shall not trade before November 15, 2006.
The following insiders participated in the private placement: Donald C. Huston, James G. Pettit and William Trimble.
About Skyharbour Resources Ltd.:
Skyharbour Resources is a mineral exploration company that focuses on the acquisitions of and exploration of gold projects in Northwestern, Ontario. The Comapny has options or interests in 6 mineral properties located in the Red Lake gold camp.
ON BEHALF OF THE BOARD OF DIRECTORS
Donald C. Huston
For further information contact myself or:
Skyharbour Resources Ltd.
VP Corporate Communications
Toll Free: 800-567-8181
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