Skye Resources Inc.

Skye Resources Inc.

April 23, 2007 16:00 ET

Skye Resources Nominates Three New Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 23, 2007) - Skye Resources Inc. ("Skye") (TSX:SKR) today announced that it is nominating three new members to its Board of Directors for election by shareholders at Skye's Annual Meeting scheduled for May 17, 2007. Sheila O'Brien, Ron Simkus and David McIntyre are being nominated in addition to the five existing directors, of whom four are independent.

"We are extremely pleased to be able to add such highly skilled and experienced executives to our Board, while at the same time further strengthening its independence," said Dr. Gord Bacon, Chairman of Skye. "We look forward to welcoming Sheila, Ron and David and benefiting from their significant expertise as we realize the strategic vision for the Company."

Sheila O'Brien has extensive experience in the areas of human resources and public affairs in the energy industry, and held the position of Senior Vice President at Nova Chemicals Corporation. Ron Simkus brings many years of experience in the mining industry, including holding the positions of President and CEO of Antamina in Peru and most recently Senior Vice President of Corriente Resources Inc. David McIntyre, who is Associate General Counsel of CVRD Inco Ltd, previously was a partner with Osler Hoskin and Harcourt LLP, and is being nominated by CVRD Inco pursuant to its rights under the agreement whereby Skye acquired its initial interest in the Fenix project.

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 in September 2006 received the results of a feasibility study for a ferro-nickel project at Fenix using proven conventional smelting technology.

Cautionary Notices:

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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