Skye Resources Inc.
TSX VENTURE : SKR

Skye Resources Inc.

May 08, 2006 14:38 ET

Skye Begins Trading on the Toronto Stock Exchange

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 8, 2006) - Skye Resources Inc. ("Skye") (TSX VENTURE:SKR) today announced that its common shares have been approved for listing on the Toronto Stock Exchange (TSX) and will commence trading on May 09, 2006 under the symbol "SKR". As of the market close today, Skye will no longer trade on the TSX Venture Exchange.

"We are pleased with this graduation from the TSX-Venture Exchange to the TSX," said Ian Austin, President and CEO of Skye Resources. "Graduation to the TSX fulfils a corporate strategy to achieve greater exposure to institutional and retail investors and generate a broader shareholder base."

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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