Vancouver, BC -- Skyharbour Resources Ltd. (TSX.V: SYH) (the "Company") announces that it has issued 4,000,000 flow-through Units at a price of $0.10 per unit pursuant to a private placement originally announced October 20, 2006. Each flow-through unit consists of one flow-through common share and one share purchase warrant entitling the holder to purchase one non flow-through common share at a price of $0.15 per share until November 20, 2007.
Augen Limited Partnership 2006 was the sole subscriber to this private placement.
The flow-through common shares and warrants issued under the flow-through placement and any shares issued pursuant to the exercise of share purchase warrants, are subject to a four month hold period under applicable securities laws, and imposed by the TSX Venture Exchange, expiring March 22, 2007.
The Company also announces that it will be paying Augen Capital Corp. a due diligence fee of $30,000 plus GST in connection with this private placement.
About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. is a mineral exploration company that focuses on the acquisition and exploration of projects in Northwestern, Ontario. The Company has options or interests in 7 gold or base metal properties located in the Red Lake greenstone belt.
ON BEHALF OF THE BOARD OF DIRECTORS
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Skyharbour Resources Ltd.
VP Corporate Communications
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