Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (the "Company") announces that further to its news release dated November 26, 2008, it will now proceed with its $700,000 private placement at a price of $0.05 per unit for the issuance of up to 14,000,000 Units. Each unit consists of one flow-through common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase a non flow-through common share of the Company for a period of two years at a price of $0.07 per share in the first year and $0.10 per share in the second year.
The Company may pay up to a 7.5% finder's fee in cash or non-flow-through units in connection with part of this private placement offering.
The private placement is subject to the acceptance of the TSX Venture Exchange.
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.
ON BEHALF OF THE BOARD OF DIRECTORS
"Don Huston"
_________________________________
DONALD C. HUSTON
President
For further information contact myself or:
Jim Pettit
Skyharbour Resources Ltd.
Director
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@skyharbourltd.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.