Skyharbour, Bayfield, and Placer Dome start Phase II Drilling on Baird Property, Red Lake, ONT

April 23, 2003

Skyharbour Resources Ltd (TSX.V: SYH), Bayfield Ventures Corp. (TSX.V: BYV) and Placer Dome Inc. (TSE: PDG) are pleased to announce that drilling has commenced on Skyharbour and Bayfield's jointly owned Baird Property. The Baird Property is located in Red Lake, Ontario, 15 km SW of the Goldcorp Mine and the Placer Dome Campbell Mine. This property is tied on to the northern boundary of the Claude Resources Madsen Property where Placer Dome has recently completed a reconnaissance scale drill program totaling 34,900 ft. of drilling.

The primary focus of the Phase 2 drill program is infill drilling and expansion of the North and South deformation (shear) zones as defined by our Phase 1 drilling in 2002. The North and South deformation zones transect the property E-W and may extend onto the Goldcorp Parvus Property adjoining to the East and the Placer Dome Humlin Property adjoining to the West.

Previous drilling on the Baird property has intersected significant uncut gold grades of 5.53 oz./T across 4 feet, 0.61 oz./T across 6 feet, and numerous additional intersections of between 2 and 6 feet of over 0.30 oz. /T gold. A total of 9,000 feet of drilling is planned, including a number of holes planned to extend below the depths of previous drilling to test the deeper portions of the gold bearing deformation zones on the property.

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