Skyharbour Resources Ltd.
TSX VENTURE : SYH

Skyharbour Resources Ltd.

January 10, 2007 09:00 ET

Skyharbour Announces Geological Report Filed on SEDAR for Rainy River Projects, Northwestern Ontario

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 10, 2007) - Skyharbour Resources Ltd. (TSX VENTURE:SYH) announces that it has commissioned a Geological Report on its Blocks D1, D2, and E properties consisting of 1874 hectares located in the Rainy River district of Ontario. The Report was filed on SEDAR on January 10, 2007 and can be accessed on the SEDAR website at www.sedar.com .

The 3 properties are well located to the west and southwest of the #17, the #433, and the new ODM gold zones of Rainy River Resources Ltd. (TSX VENTURE:RR) property.

Rainy River Property Claims Map:
www.skyharbourltd.com/s/Image.asp?i=maps/20061129/SYH-RR-Area-all.gif

The Geological Report dated December 18, 2006 on the Skyharbour's Rainy River properties was prepared by David J. Busch B.A. B.Sc., PGeo. The report documents and evaluates previous preliminary exploration programs consisting primarily of overburden drilling. The report recommends a program to upgrade the data and identify and test gold targets. The program includes overburden drilling, line cutting, magnetometer and horizontal loop surveying to be followed by diamond drilling of prospective targets. These techniques will assist in identifying potential gold bearing structures and possible gold bearing sulfide rich zones in bedrock.

The Company has now mobilized geological personnel onto the D"1" and D"2" Claim Blocks. The D1 and D2 Claim Blocks are well located immediately to the southwest of the #17, the #433, and the new ODM gold zones of Rainy River Resources property. Known gold mineralization in the immediate area (Rainy River Resources) shows a strong affinity with northwest trending structures. Regional magnetic data indicates a series of these structures in the area. The newly acquired properties are located within extensions of the greenstone belt that is known to host the Rainy River Resources newly discovered gold deposits.

All of Skyharbour's Rainy River properties are viewed as having potential to host gold deposits based on favorable lithologies and presence of structures. Previous overburden drilling data (1997 Nuinsco and Mingold assessment files) has now been compiled and digitized by Skyharbour. One sample returned a value of 15,000 ppb calculated gold content. No subsequent work was ever followed up at this site location. Two other overburden drill sites showed calculated gold values of over 2,500 ppb gold, however the overall sampling density and distribution is not considered to be adequate at this time. Skyharbour intends to conduct a detailed overburden drilling program to provide more complete coverage and assist in the identification of drillable targets on the properties.

David J. Busch, B.A., B.Sc., PGeo., Vice President of Explorations, is the qualified person, under the meaning of National Instrument 43-101, and has reviewed the data in this News Release.

About Skyharbour Resources Ltd.:

Skyharbour Resources is a mineral exploration company that focuses on the acquisition and exploration of projects in Northwestern, Ontario. The Company has options or interests in 10 gold or base metal properties located in the Red Lake & Rainy River greenstone belt.

To find out more about Skyharbour Resources Ltd. (TSX VENTURE:SYH), visit the Company's website at www.skyharbourltd.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Donald C. Huston, President

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Contact Information

  • Skyharbour Resources Ltd.
    Donald C. Huston
    President
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    or
    Skyharbour Resources Ltd.
    Don Myers
    VP Corporate Communications
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    Email: info@skyharbourltd.com
    Website: www.skyharbourltd.com