SYH Skyharbour Resources Ltd

Skyharbour Resources Ltd. (TSX VENTURE:SYH)(PINKSHEETS:SYHBF)(FRANKFURT:SC1N)
("Skyharbour") is pleased to provide an update at its ongoing first-phase
diamond drill program on its flagship Preston Uranium Property (the "Property")
in the southwest Athabasca Basin. The Western Athabasca Syndicate (the
"Syndicate") has drilled five holes thus far for a total of 986 metres with
three to four additional holes planned. 


All five of the holes intersected a broad, hydrothermally altered and
reactivated, structural zone. Three holes returned elevated radioactivity. As a
result of these highly encouraging early findings, the Syndicate has decided to
increase the budget and expand the testing of the Swoosh target. The additional
drilling on this target will continue until late April. Drilling is planned to
recommence in early to mid-May after breakup to test the CHA and Fin targets.


The initial five drill holes tested the Swoosh target, a six-kilometre long
corridor consisting of geophysically anomalous areas as defined by gravity,
magnetic and EM surveys, coincident with surficial geochemical anomalies. Four
holes were completed down to depths of between 200 and 275 metres while the
fifth hole was abandoned due to poor drilling conditions. Overburden depth
varies from 4 to 38 metres and immediately overlies basement rock. 


Preston Property - Swoosh Target Map: 

http://skyharbourltd.com/_resources/maps/SYH_Swoosh_Drill_Locations.jpg

Three of the holes at Swoosh intersected zones of elevated radioactivity as
defined by a downhole gamma probe with the best results to date occurring in
hole PN14003 which contained several radioactive intervals; the most notable
being 802 counts per second (cps) over 1.95 metres from 186.68 to 188.63 metres
downhole in a background of 80 to 100 cps. The initial three holes also
intersected multiple graphitic units within sheared and altered basement
lithologies. The alteration commonly consists of pervasive chlorite, hematite
and clay development; features which are associated with uranium mineralization
in the Athabasca Basin. A review of final assays and geochemistry will be
carried out upon receipt of results expected in May. 


All holes were angle holes, drilled at -45 to -50 degrees. They were
radiometrically surveyed using a RS-230 gamma-ray spectrometer, and a Mount
Sopris 2PGA-1000 downhole natural gamma probe. Natural gamma radiation in drill
core reported in this news release was measured in counts per second (cps). All
intersections are downhole and core interval measurements and true thicknesses
are yet to be determined. The reader is cautioned that a total counts gamma
probe reading is the result of natural gamma radiation that may come from
various sources including cosmic radiation, thorium, potassium and uranium and
its radioactive decay products. CPS values cannot be certain to correlate with
uranium grades of the rock but are a general guide of the radioactivity of
minerals present in rock placed in proximity to the instrument. 


The Syndicate's Technical Team considers these findings in the early stages of
the first drill program to be a significant breakthrough towards locating
shallow uranium mineralization, and have decided to expand the initial drill
plan at the Swoosh target as a result. Two to three additional holes will be
drilled at Swoosh before breakup at the end of April with drilling to recommence
in early May. 


Preston Uranium Property Map and Regional Exploration Corridors:

 http://skyharbourltd.com/_resources/SYH_Regional_Corridors.jpg

The three initial target areas, out of a growing target base currently standing
at fifteen, were selected by the Syndicate's Technical Committee for drilling
based on encouraging fieldwork results and coincident anomalies from ground
gravity, airborne and ground EM and magnetics (graphitic conductors and
structures), radon, soil, biogeochem, lake sediment, prospecting and geological
mapping surveys. This drill campaign represents the first modern-day drill
exploration program on the Preston Uranium Property with follow up programs
planned for later this year given the encouraging results to date.


Jordan Trimble, President and CEO of Skyharbour Resources, states: "We are very
excited with the early findings in this ongoing first phase of drilling and are
planning to extend the program into May as a result. The visual signatures and
elevated radioactivity seen in the core from these first few holes confirm the
prospectivity of the Swoosh target and illustrate the strong discovery potential
at the Preston Property."


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 on the Rook 1
Project (see NexGen's news release dated Feb. 19, 2014). 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.


Over $2.5 million 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. The Syndicate continues to
employ a systematic, proven exploration methodology that has led to numerous
uranium discoveries in the region and throughout the Athabasca Basin. This has
been very effective in identifying numerous high-quality targets at Preston with
similar geological features and exploratory indicators as those at the nearby
PLS and NexGen discoveries as well as other deposits in the Athabasca Basin.


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.


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


Qualified Person:

Athabasca Nuclear Director, Charles C. (Chuck) Downie, P.Geo., is the Qualified
Person as defined by National Instrument 43-101 and has approved the technical
information in this release.


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
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 51.5 million shares outstanding with insiders owning approx. 25% 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.
Don Myers
Director
604-687-3376 Toll Free: 800-567-8181
604-687-3119 (FAX)
info@skyharbourltd.com
www.skyharbourltd.com

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