Skyharbour’s Special General Meeting held November 23 rd, 2010, the shareholders
Suite 2230 – 885 West Georgia Street, Vancouver, BC, Canada, V6C 3E8 www.skyharbourltd.com
TSX-V Trading Symbol: SYH Telephone: (604) 687-3376 Email: [email protected] Facsimile : (604) 687-3119
February 22, 2011
NEWS RELEASE
Skyharbour Share Consolidation to Take Place February 23, 2011
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (the “Company”) announces the share consolidation will be effective as of February 23rd, 2011. At Skyharbour’s Special General Meeting held November 23rd, 2010, the shareholders approved a Special Resolution consolidating the Company’s share capital on the basis of one (1) new share for each ten (10) old shares. The issued capital of the Company is currently 117,686,750 which will become 11,768,675 less fractions where applicable, after the consolidation. This transaction required the approval of the shareholders and the TSX Venture Exchange. There will be no name change in conjunction with the consolidation.
Management of the Company believes that a consolidation of its share capital will better position the Company to raise the funds it requires to finance its ongoing business activities including the acquisition of mineral properties and exploration and development of its properties.
The new ISIN issuance number is: CA8308162038 The new CUSIP number is: 830816203
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-V: SYH), visit the Company’s website at www.skyharbourltd.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“Jim Pettit”
James G. Pettit Director
For further information contact myself or:
Don Myers Director Skyharbour Resources Inc.
Telephone: 604-687-3376 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: [email protected] NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.