Skyharbour Resources Ltd.
TSX VENTURE : SYH

Skyharbour Resources Ltd.
MPH Ventures Corp.
TSX VENTURE : MPS
FRANKFURT : IJA1

MPH Ventures Corp.

March 31, 2009 11:14 ET

Skyharbour and MPH Ventures Increase Land Holdings at Heyson Red Lake Gold Property, NW Ontario

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 31, 2009) - Skyharbour Resources Ltd. (TSX VENTURE:SYH) and MPH Ventures Corp. (TSX VENTURE:MPS) (FRANKFURT:IJA1) announce a further land acquisition to their existing 50% / 50% Joint Venture Heyson gold property in Heyson and Byshe townships located in Red Lake, Northwestern Ontario. The companies have acquired, by staking, an additional 7 claim blocks immediately adjacent to their Heyson gold showing. The companies now have 21 mineral claim blocks consisting of 284 units (approx. 11,360 acres).

The Heyson property lies immediately southeast of the former Howey and Hasaga gold mines in the southern portion of the central Red Lake gold belt and 5 km south of the operating Goldcorp Red Lake and Campbell gold mines.

Red Lake Ontario Heyson Project Map: http://www.mphventurescorp.com/i/maps/Heyson.gif

Skyharbour and MPH Ventures have previously identified a large, well-defined "gold-in-till" anomaly (Sully Creek Till Anomaly) on the property. The width of the anomaly covers 350 metres along a strike length of 1.5 kilometres. Sampling indicates the source of the gold-in-till anomaly is on the property. The probable source area is low ground covered by tills and capped by lacustrine clays. Drilling in 2003 tested the Sully Creek Till Anomaly and identified gold values within a distinct hematite-epidote alteration system with the most significant intercept grading 59.4 grams per tonne over 0.4 metres.

Only a small part of the Heyson property has been explored to date. The companies remain optimistic that an exploration drill program could greatly enhance the value of the Heyson property in Red Lake, Northwestern Ontario.

Skyharbour and MPH Ventures are preparing a budget for a 2009 exploration and drill program on the Heyson project.

About Skyharbour Resources Ltd.:

Skyharbour Resources Ltd. is a gold and base metal exploration company developing projects in the RED LAKE district of northwestern Ontario, Canada.

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

About MPH Ventures Corp.:

MPH Ventures Corp. is a precious metal and molybdenum exploration company focused on mineral development within Canada.

For further information on MPH Ventures Corp. (TSX VENTURE:MPS) visit the Company's web site at www.mphventurescorp.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
    Director
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    Email: info@skyharbourltd.com
    Website: www.skyharbourltd.com