Completion of diamond drill program on Baird Property

May 27, 2003

Skyharbour Resources Ltd. and Bayfield Ventures Corp. announce that the diamond drill program on the Baird Property, situated in Red Lake, Northwest Ontario, has now been completed. Nine holes were drilled in the initial phase for a total of 3,000 meters.

Placer Dome has an option on the Baird property from Skyharbour Resources Ltd. and Bayfield Ventures Corp. Placer is to spend $800,000.00 over a 2-year period to earn an initial 51% interest in the property. Placer has funded this initial drill program for a total of approximately $350,000.00 with Skyharbour continuing as the operator of the drilling project.

Skyharbour is now completing the logging and sampling of the cores, under the direct supervision of Mr. David Busch, P.geo, (qualified person). All samples are being shipped to and analyzed by TSL Laboratories in Saskatoon, Sask. Assay results will be released by the Company upon receipt of all analytical data from the 9 holes drilled.

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