Fair Sky Resources Inc.
TSX VENTURE : FSK

Fair Sky Resources Inc.

June 14, 2007 11:21 ET

Fair Sky Announces Grant of Stock Options

CALGARY, ALBERTA--(Marketwire - June 14, 2007) -

NOT INTENDED FOR DISSEMINATION IN THE UNITED STATES

Fair Sky Resources Inc. ("Fair Sky") (TSX VENTURE:FSK) announces that it has granted options to acquire an aggregate of 137,500 common shares to directors and officers (27,500) and to existing employees and consultants who are not also directors or officers of Fair Sky (110,000). The options are exercisable for a period of 5 years at $1.30 per share, being the closing price of the common shares on the TSX Venture Exchange on the last trading date before the grant of the options. All options will generally be subject to a 3 year vesting period whereby the options vest as to one third on each of the first, second and third anniversaries of the grant, subject to early vesting in limited circumstances such as a change of control of Fair Sky.

Parties interested in obtaining further information or receiving news releases and corporate documents from Fair Sky may e-mail such request to ir@fairskyresources.com. Interested persons may examine the Fair Sky website soon at www.fairskyresources.com, view the Company's public documents at www.sedar.com, or contact their broker or financial advisor.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

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