Skyharbour Resources Ltd. (TSX VENTURE:SYH)(FRANKFURT:SC1N)(OTC Grey:SYHBF) (the
"Company") is pleased to report inaugural drill assay results from the Preston
Uranium Property (the "Property") being explored by the Western Athabasca
Syndicate (the "Syndicate"). Three out of fifteen existing targets received
preliminary drill testing this spring, including the Swoosh (7 holes), CHA (1
hole) and FSA (1 hole) targets. The drilling totaled 1902.7 meters over 9 holes.


Preston Uranium Property Map and Regional Exploration Corridors:
 http://skyharbourltd.com/_resources/SYH_Regional_Corridors.jpg

Highlights:



--  Anomalous radioactivity discovered in the drilling is proximal to EM
    conductors and associated with gravity low anomalies which are the
    result of strong hematite, chlorite and clay alteration of the
    structurally disrupted lithologies; this is consistent with being in a
    mineralization halo and is common to many Athabasca Basin uranium
    deposits 
--  The best intercept to-date from the Swoosh area returned 8.82 ppm U and
    360 ppm Th over 0.5 meters in hole PN14003 
--  Th/U and Pb isotope ratios, and evidence for deformation/alteration
    suggest that most zones at the Swoosh area have undergone uranium
    depletion and may have at one time hosted significant uranium
    mineralization; as such, directly adjacent targets should be
    investigated for places where the uranium could have been re-deposited 
--  The one hole drilled at the FSA target returned 5.84 ppm U over 1.0
    meter and the one hole drilled at the CHA target returned 4.25 ppm U
    over 1.0 meter 
--  Loss of circulation near the bottom of the FSA drill hole occurred just
    prior to the geophysical target depth; blue clay encountered at the
    bottom of the hole is likely altered graphite, strongly anomalous in
    silver, and with a relatively high radiometric-sourced Pb isotopic
    signature that warrants further follow up  
--  The Syndicate's Technical Team considers these findings in the first
    drill program at Preston to be a breakthrough towards potentially
    identifying economic levels of uranium mineralization at shallow depths;
    further exploration work and drill campaign planning is underway 



Drill targets were chosen based on results from a combination of airborne
geophysical, geochemical and geological surveys carried out during 2013 and
2014, which were then further refined by ground HLEM and gravity geophysical
surveys. 


Preston Property - Drill Target Areas:
 http://skyharbourltd.com/_resources/SYH_Feb2014_Exploration.jpg

The results from the drilling are very encouraging and confirm the presence of
widespread alteration, structural disruption and radioactivity that are
typically associated with uranium deposits in the Athabasca Basin. As well as
additional testing of the areas targeted with the 2014 first-pass drilling, the
Syndicate is also planning further work to better define drill targets at the
other twelve target areas defined by fieldwork to date. The majority of uranium
targets on the Property have not yet received any drill exploration.


Swoosh Target Assay Results:

Preston Property - Swoosh Target Map:
 http://skyharbourltd.com/_resources/maps/SYH_Swoosh_Drill_Locations.jpg

Seven widely-spaced drill holes tested two targets (S3 and S6) within the
broader Swoosh area, a 6-km long corridor defined by coincident gravity,
magnetic and EM geophysical surveys, and surficial geochemical anomalies. Six
holes were completed to depths of between 200 and 360 meters downhole, with one
hole abandoned due to poor drilling conditions. Overburden depth varies from 4
to 38 meters and immediately overlies basement rock. The five holes completed on
the S6 target tested two distinct steep NW-dipping conductor traces associated
with a 650 meter by 350 meter gravity low anomaly. Every hole encountered
graphite within highly deformed metasediment, orthogneiss and locally pegmatitic
lithologies. Portable Infrared Mineral Analyser (PIMA) results confirmed the
presence of extensive chlorite and clay alteration, as well as significant
illite alteration in the northernmost hole PN14001. This alteration and
deformation explains the gravity anomaly at S6 and further confirms the Swoosh
area as being the locus of intense hydrothermal alteration which is common to
other Athabasca Basin uranium deposits.


The best intercept out of 125 drill core samples collected from holes testing
the Swoosh area was from PN14003 which returned 0.5 meters of 8.82 ppm U and 360
ppm Th associated with mixed granodiorite and graphitic mylonite. Analyses of
the U to Th ratios, in light of the strong deformational history, suggests that
the S6 target has been subject to high degrees of uranium depletion and may have
at one time hosted significant uranium mineralization which could have been
re-deposited nearby. 


CHA Target Assay Results:

The CHA area is located approximately 19 km west of the Swoosh area. A single
initial hole, PN14008, drill tested an EM conductor near the hinge of a major
fold structure in an area of elevated uranium and radon geochemical anomalies.
This hole intersected gneiss and orthogneiss within broad zones of cataclastic
deformation. Fault gouge associated with disseminated graphite and strong
chlorite, epidote, talc and clay alteration may explain the airborne and HLEM
conductors at this zone. Like Swoosh, radioactivity from the first CHA hole is
thorium-rich, with the best intercept returning 4.25 ppm U and 62 ppm Th over
1.0 meter.


FSA Target Assay Results:

At the FSA area, located approximately 27 kilometers west of the Swoosh, a
single drill hole, PN14009, tested an E-NE trending magnetic low coincident with
airborne EM and ground based HLEM conductors that are in part associated with
pronounced gravity anomalies. In addition to the geophysical anomalies, this
target has outcrop nearby that exhibits structural deformation and returned
anomalous uranium values from rock grab samples including one sample that
returned 45.7 ppm U. The single drill hole was collared in granodiorite gneiss
and then intersected mylonitic pelitic gneiss coincident with intense shearing
and chlorite, hematite, silica and clay alteration. The hole was abandoned at
150.3 meters after intersecting a bluish-grey clay-rich lithology at the contact
between the overlying orthogneiss and metasediments. The best intercept out of
16 samples returned 5.84 ppm U and 19.5 ppm Th over 1.0 meter. The clay-rich
unit returned highly anomalous silver values and a relatively high
radiometrically-sourced Pb isotopic signature that warrants further follow up
drilling.


The Preston Uranium Property:

The 246,643 hectare Preston Uranium Property is the largest individual property
proximal to Fission Uranium Corp.'s Patterson Lake South ("PLS") high-grade
uranium discovery and the recent discovery made by NexGen Energy Ltd. on the
Rook-1 Project. The Syndicate is the largest land tenure holder in the southwest
Athabasca Basin region including properties strategically situated to the
southwest and to the northeast of the PLS and NexGen discoveries. Approx.
$3,500,000 dollars in exploration has been carried out to date by the Syndicate
on the Preston property and many priority targets remain for further follow up
with both fieldwork and drill testing. 


Management cautions, mineralization present on proximal properties is not
necessarily indicative of mineralization on the Syndicate's Property.  


About the Western Athabasca Syndicate:

The Western Athabasca Syndicate is a strategic partnership formed between
Skyharbour, Athabasca Nuclear, Lucky Strike and Noka to explore and develop a
287,130 hectare suite of uranium properties that is the largest land position
along the highly prospective margin of the Western Athabasca Basin controlled by
a single group. Under the terms of the agreement, each of the four companies has
an option to earn 25% of the five uranium properties comprising the Western
Athabasca Syndicate Partnership by making a series of cash payments, share
payments, and incurring their pro-rata amount of the total $6,000,000 in
exploration expenditures over the two-year earn-in term of the agreement. The
properties were acquired for their proximity to the PLS discovery and
interpreted favourable geology for the occurrence of PLS style uranium
mineralization. The bulk of the Syndicate land package is bisected by
all-weather Highway 955 which runs north through the PLS discovery on to the
former Cluff Lake uranium mine. 


The Athabasca Basin of Saskatchewan hosts the world's largest and richest
high-grade uranium deposits which have grades substantially higher than the
world average grade of about 0.1% U3O8. The Patterson Lake area has received
escalating exploration attention and claim acquisition activity as a result of
the new, near surface discoveries made by Fission which includes the recently
reported drill interval of 38.49% U3O8 over 10.5 metres in drill hole PLS14-129.
Consistent high-grade, near surface U3O8 assays from Fission demonstrate the
potential for high-grade uranium mineralization on the geologically prospective
yet underexplored margins of the western side of the Athabasca Basin.


Qualified Person:

The technical information in this news release has been prepared in accordance
with the Canadian regulatory requirements set out in National Instrument 43-101
and reviewed and approved by Richard Kusmirski, P.Geo., M.Sc., Skyharbour's Head
Technical Advisor and a Director, as well as a Qualified Person. 


About Skyharbour Resources Ltd.:

Skyharbour Resources Ltd. is a uranium exploration company and a member of the
Western Athabasca Syndicate which controls a large, geologically prospective
land package consisting of five properties (287,130 hectares or 709,513 acres)
in the Athabasca Basin of Saskatchewan. $6,000,000 in combined exploration
expenditures over the next two years is planned on these properties, $5,000,000
of which is being funded by the three partner companies. Skyharbour also owns a
100% interest in the Way Lake Uranium project on the east side of the Basin
which hosts an NI 43-101 compliant inferred resource totaling 7.0 million pounds
of U3O8 at 0.03% and 5.3 million pounds of ThO2 at 0.023%. Skyharbour owns a 60%
interest in the Mann Lake Uranium project on the east side of the Basin
strategically located 25 km southwest of Cameco's McArthur River Mine. The
Company has 57 million shares outstanding with insiders owning over 20% of the
outstanding shares. Skyharbour's goal is to maximize shareholder value through
new mineral discoveries, committed long-term partnerships, and the advancement
of exploration projects in geopolitically favourable jurisdictions.


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


SKYHARBOUR RESOURCES LTD.

Jordan Trimble, President and CEO

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


This release includes certain statements that may be deemed to be
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address events or developments that
management of the Company expects, are forward-looking statements. Although
management believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance, and actual results or developments may differ
materially from those in the forward-looking statements. The Company undertakes
no obligation to update these forward-looking statements if management's
beliefs, estimates or opinions, or other factors, should change. Factors that
could cause actual results to differ materially from those in forward-looking
statements, include market prices, exploration and development successes,
continued availability of capital and financing, and general economic, market or
business conditions. Please see the public filings of the Company at
www.sedar.com for further information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Skyharbour Resources Ltd.
Jordan Trimble
President and CEO
604-687-3376 or Toll Free: 800-567-8181


Skyharbour Resources Ltd.
Don Myers
Director
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
info@skyharbourltd.com
www.skyharbourltd.com