Skyharbour Resources Closes Private Placement

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

June 29, 2011

NEWS RELEASE

Skyharbour Resources Closes Private Placement

Vancouver, BC – Skyharbour Resources Ltd. (TSX-V: 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-V: SYH), visit the Company’s website at www.skyharbourltd.com.

ON BEHALF OF THE BOARD OF DIRECTORS

“Don Huston”

Donald C. Huston President

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.