Skye Resources Inc.

Skye Resources Inc.

March 20, 2006 15:51 ET

Skye Appoints Vice-President of Environment, Health, Safety and Community Affairs

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 20) - Skye Resources Inc. (TSX VENTURE:SKR) today announced the appointment of Rick Killam to the position of Vice-President of Environment, Health, Safety and Community Affairs.

Rick is an environmental engineer with over 30 years experience in the design, environmental assessment, permitting, construction, operation and closure of mining projects and operations in North America, Latin America and Papua New Guinea.

Prior to joining Skye, Rick held the position of Vice-President Environment with Knight Piesold Consultants in Vancouver. During 2002 he was Program Director of the International Council on Mining and Metals, in London, England. Rick has also served as Director of Sustainable Development and Vice-President, Environmental Affairs and Safety for Placer Dome Latin America, based in Santiago Chile.

In connection with his appointment, Skye has granted options under the Company's Stock Option Plan to purchase up to a total of 75,000 common shares of the Company at an exercise price of $ 7.45 each until March 19, 2011.

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 the Company'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 the Company, or its management, are intended to identify such forward-looking statements. Many factors could cause the Company'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. All subsequent written and oral forward looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice.

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