Stock Options Granted
Feb 24, 2005
Skyharbour Resources Ltd. (the "Company") would like to announce that pursuant to its stock option plan, it has granted incentive stock options to its various directors, officers and consultants to purchase up to an aggregate of 1,430,500 common shares in the capital stock of the Company, exercisable for a period of five years, at a price of $0.10 per share. The shareholders approved the Company's stock option plan at the Annual and Extraordinary General Meeting of the Company held on September 29, 2004. These options are subject to a four-month hold period.
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. It has options or interests in 7 mineral properties located in the Red Lake greenstone belt.
ON BEHALF OF THE BOARD OF DIRECTORS
"Don Huston"
DONALD C. HUSTON
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of this news release.