Skye Resources Inc.

Skye Resources Inc.

August 09, 2005 14:10 ET

Skye Files Revised Technical Reports and is Removed from BCSC Default Issuer List

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 9, 2005) - Skye Resources Inc. (TSX VENTURE:SKR) ("Skye") announces that it has now filed two revised reports for its Fenix Project, Guatemala on SEDAR. As a result, Skye has been removed from the Defaulting Issuers List of the British Columbia Securities Commission.

Skye announced on May 19, 2005 that a routine review by the Commission had identified that the preliminary assessment, filed in support of Skye's February 28, 2005 news release, was not filed in the form required by National Instrument 43-101. The assessment relied on a report on Skye's resources filed in support of Skye's October 13, 2004 news release, which was also found not to be in the form required by NI 43-101. Both reports have been revised to comply with the National Instrument. The conclusions in the preliminary assessment and the resource report have not changed.

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

Contact Information

  • Skye Resources Inc.
    Hugh Brooke Macdonald
    (604) 602-9500 ext 107
    (604) 602-9510 (FAX)