Skye Resources Inc.

Skye Resources Inc.

August 01, 2006 15:13 ET

Skye Appoints VP Operations

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 1, 2006) - Skye Resources Inc. ("Skye") (TSX:SKR) today announced the appointment of William (Bill) Enrico as Vice President Operations. Mr. Enrico will be responsible for all operational activities at Skye's Fenix nickel project in Guatemala, and will provide overall leadership and coordination for the project's development. He will report to David Huggins, Chief Operating Officer.

Mr. Enrico has more than 20 years of experience in mining and smelting, and has demonstrated the ability to develop world class operations. Prior to joining Skye, he held the position of General Director of Umicore Med JSC in Bulgaria, where he was responsible for the copper smelter and refinery complex. He also held several positions with ASARCO; from 1997 to 2000 he was General Manager of the copper refinery in Amarillo, Texas, and from 1993 to 1997, he held several positions with Southern Peru Copper Corporation in Peru, where he became General Manager of Production.

Mr. Enrico holds a B.S. in Metallurgical Engineering from the University of Arizona, Tucson and is fluent in Spanish.

About Skye

Skye is an international mining company focused on becoming a new mid-tier nickel producer. The Company acquired the rights to its Guatemalan lateritic nickel project (the Fenix project) in December 2004 and is currently undertaking a feasibility study for a 50 million pound per year ferro-nickel operation using proven conventional smelting technology.

This News Release contains certain forward-looking statements that involve risks and uncertainties, such as statements of Skye's plans, objectives, strategies, expectations and intentions. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to Skye, or its management, are intended to identify such forward-looking statements. Many factors could cause Skye's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. The forward-looking statements included in this news release represent Skye's views as of the date of this news release. While Skye anticipates that subsequent events and developments may cause its views to change, it specifically disclaims any obligation to update these forward-looking statements. These forward-looking statements should not be relied upon as representing its views as of any date subsequent to the date of this news release. All subsequent written and oral forward looking statements attributable to Skye or persons acting on its behalf are expressly qualified in their entirety by this notice.

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