Fair Sky Resources Inc.

Fair Sky Resources Inc.

June 02, 2006 13:08 ET

Fair Sky Announces Private Placement

CALGARY, ALBERTA--(CCNMatthews - June 2, 2006) -

(Not intended for Dissemination in the United States)

Fair Sky Resources Inc. (TSX VENTURE:FSK) ("Fair Sky" or the "Corporation") is pleased to announce that it will be offering for sale, on a non-brokered private placement basis, up to 1,600,000 "flow through" common shares at an issue price of $3.75 per share for gross proceeds to the Corporation of up to $6 million. In the discretion of Fair Sky, the offering may be closed in stages, with the final closing anticipated to occur on or before to June 16, 2006. Proceeds of the offering will be used to finance the Corporation's exploration programs in south central Saskatchewan and central Alberta. The completion of the offering is subject to, among other things, the approval of the TSX Venture Exchange.

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

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