Vancouver, BC - Skyharbour Resources Ltd. (TSX.V: SYH) announces that further to its News Release dated December 15, 2006, the Company has issued 50,000 common shares to Precambrian Ventures Ltd. (Gregory Campbell, Donald Hawke) of Ontario, pursuant to a Property Option Agreement whereby the Company may acquire a 100% interest in ten (10) claim blocks consisting of twenty (20) units located in the Dent and Mitchell Townships, Red Lake District, Kenora Mining Division, Ontario. These claims are contiguous to, and form a portion of the Company's now 3,200 acres South Bay Properties.
Click Here for Updated South Bay Claims Map
The Option Agreement was accepted by the TSX Venture Exchange on December 19, 2006. The common shares issued pursuant to the Option Agreement are subject to a four month hold period under applicable securities laws, and imposed by the TSX Venture Exchange expiring April 21, 2007.
The South Bay properties cover the South Bay copper / zinc deposit and adjoining ground. The South Bay deposit was mined by Selco between 1970 and 1982 and produced approximately 1.6 million tons of 1.5% copper and 10% zinc.
About Skyharbour Resources Ltd.:
Skyharbour Resources is a mineral exploration company that focuses on the acquisition and exploration of projects in Northwestern, Ontario. The Company has options or interests in 10 gold or base metal properties located in the Red Lake & Rainy River greenstone belt.
ON BEHALF OF THE BOARD OF DIRECTORS
Donald C. Huston
For further information contact myself or:
Skyharbour Resources Ltd.
VP Corporate Communications
Toll Free: 800-567-8181
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
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.