Skyharbour Resources Ltd. TSX VENTURE: SYH

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2008) - Skyharbour Resources Ltd. (TSX VENTURE:SYH) announces that it has arranged a non-brokered private placement of up to 10,000,000 flow-through units at a price of $0.07 per unit. Each unit consists of one flow-through common share and one non-transferable share purchase warrant. Each warrant entitles the holder to purchase a non flow-through common share of the Company for a period of two years at a price of $0.10 per share in the first year and $0.12 per share in the second year.

The Company may pay up to a 7.5% finder's fee in cash and/or non-flow-through units in connection with part of this private placement offering.

Skyharbour intends to utilize the proceeds from the private placement on the Company's continuing winter drill program on its Broulan Reef gold project located in Red Lake, northwestern Ontario.

Bruce Channel Red Lake, Ontario Map: http://www.skyharbourltd.com/s/Image...

The private placement is subject to the acceptance of the TSX Venture Exchange.

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 VENTURE:SYH), visit the Company's website at www.skyharbourltd.com.

ON BEHALF OF THE BOARD OF DIRECTORS

DONALD C. HUSTON, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.