The Board Of Directors of the Skyharbour Resources Ltd. (the "Company") announce that 462,375 incentive stock option, comprised of 414,875 incentive stock option previously granted at a price of $0.18 until December 12, 2005 and 47,500 incentive stock options previously granted at a price of $0.16 until February 13, 2006, have been re-priced at an exercise price of $0.10 per share. Disinterested shareholders will be asked to ratify and approve a resolution to decrease the exercise price of the stock options previously granted to the insiders at its annual general meeting to be held on August 17, 2005.
The above transaction is subject to TSX Venture Exchange acceptance.
About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. is a mineral exploration company that focuses on the acquisition 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
DONALD C. HUSTON
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