Skye Resources Inc.

Skye Resources Inc.

June 17, 2005 14:08 ET

Skye Reports Update on Continuous Disclosure Review

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 17, 2005) - Skye Resources Inc. ("Skye") (TSX VENTURE:SKR) announces that, further to its May 19, 2005 news release announcing that a routine review by the British Columbia Securities Commission had identified that the preliminary assessment on Skye's Fenix Project in Guatemala, filed in support of Skye's February 28, 2005 news release, was not filed in the form required by National Instrument 43-101, Skye continues to work with Hatch Ltd. and the other authors to revise the report to ensure its compliance with the form and expects to be filing a revised report within 30 days. The conclusions in the preliminary assessment will not change.

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

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