Skyharbour Resources Ltd.
TSX VENTURE : SYH

Skyharbour Resources Ltd.

June 29, 2011 14:00 ET

Skyharbour Resources Closes Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 29, 2011) - Skyharbour Resources Ltd. (TSX VENTURE:SYH) announces that further to its news release dated May 31, 2011, it has closed its non-brokered private placement and issued a total of 2,000,000 units at a price of $0.095 per unit to raise gross proceeds of $190,000. Each unit consists of one common share and one non-transferable share purchase warrant which entitles the holder to purchase one additional common share of the Company at a price of $0.125 per share until June 24, 2014.

The 2,000,000 common shares and any shares to be issued upon the exercise of the warrants will be subject to a four month hold restriction until October 25, 2011.

The Company intends to utilize the proceeds from the private placement for general working capital purposes.

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.

ON BEHALF OF THE BOARD OF DIRECTORS

Donald C. Huston, President

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

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