Non-brokered Private Placement of 270,000 Flow-Through Units Announced

November 24, 2003

The Company announces that it has negotiated a non-brokered private placement of 270,000 Flow-Through Units (the "Units"). The Units are being offered at a price of $0.15 per Unit. Each Unit will consist of one flow-through share and one share purchase warrant entitling the holder to purchase an additional flow-through share at a price of $0.18 for a period of one year. The Company will pay a finder's fee in respect of this private placement in accordance with applicable TSX policies.

The above transaction is subject to the approval of the TSX Venture Exchange.

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 9 mineral properties located in the Red Lake greenstone belt.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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