Skye Resources Inc.

Skye Resources Inc.

May 30, 2005 18:34 ET

Skye Retains Investor Relations Consultant, Issues Stock Options

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 30, 2005) - Skye Resources Inc. ("Skye") (TSX VENTURE:SKR) announces it has retained Matthew Johansen to provide it with investor relations services for an initial term of six months. These services will involve Mr. Johansen acting as a non-exclusive liaison between Skye and existing and potential retail shareholders and as an advisor on the preparation of investor relations communications and information. Mr. Johansen will work out of Skye's Vancouver office, and will be paid a fee of C$5,000 per month for his services. In addition, Mr. Johansen has been granted stock options under the Company's Stock Option Plan to purchase up to 15,000 common shares of Skye at an exercise price of C$2.90 per share until May 30, 2010. Mr. Johansen has been in the investor relations business for the past two years during which he was responsible for the investor relations program for a TSX Venture Exchange issuer. Prior to that Mr. Johansen was the Vancouver area account manager for Coca-Cola. Mr. Johansen has advised Skye that he does not hold directly or indirectly any shares of Skye and he does not have any right to acquire any other shares except for the stock options described above.

Skye has granted 50,000 options under the Company's Stock Option Plan to each of its four nonexecutive directors at an exercise price of C$2.90 per share until May 30, 2010. These grants are in lieu of annual director fees.

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

Contact Information

  • Skye Resources Inc.
    Mark Monaghan
    (416) 367-8383
    Skye Resources Inc.
    Ian G. Austin
    (604) 602-9500
    (604) 602-9510 (FAX)