Stock Options Granted

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

January 31, 2012

NEWS RELEASE

Stock Options Granted

Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (the “Company”) announces that pursuant to its stock option plan, the Company has granted incentive stock options to its various directors, officers, consultants and employees to purchase up to an aggregate of 3,476,000 common shares in the capital stock of the Company, exercisable for a period of two years, at a price of $0.11 per share. The Company’s 10% rolling stock option plan was approved by the shareholders at the Annual General Meeting of the Company held on August 25, 2011. These options are subject to a four-month hold period.

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]

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