Skye Resources Inc.
TSX VENTURE : SKR
TSX : SKR

Skye Resources Inc.

March 09, 2006 09:22 ET

Skye Issues Stock Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 9, 2006) - Skye Resources Inc. has granted options under its Stock Option Plan to officers, employees and consultants to purchase up to 380,000 common shares of the Company at an exercise price of $6.65 until March 8, 2011.

About Skye

Skye is an international mining company focused on becoming a new mid-tier nickel producer. It 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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