Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (the "Company") announces that further to its news release dated November 26, 2008, it will now proceed with its $700,000 private placement at a price of $0.05 per unit for the issuance of up to 14,000,000 Units. Each unit consists of one flow-through common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase a non flow-through common share of the Company for a period of two years at a price of $0.07 per share in the first year and $0.10 per share in the second year.
The Company may pay up to a 7.5% finder's fee in cash or non-flow-through units in connection with part of this private placement offering.
The private placement is subject to the acceptance of the TSX Venture Exchange.
About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. is a gold and base metal exploration company developing projects in the RED LAKE district of northwestern Ontario, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS
DONALD C. HUSTON
For further information contact myself or:
Skyharbour Resources Ltd.
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.