Skyharbour Resources Ltd.

Western Athabasca Syndicate Reports Assay Results from 2014 Diamond Drilling Program

TSX-V Trading Symbol: SYH

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July 22, 2014

Vancouver, BC - Skyharbour Resources Ltd. (TSX-V:SYH) (OTC Grey:SYHBF) (Frankfurt: SC1N) (the "Company") is pleased to report inaugural drill assay results from the Preston Uranium Property (the "Property") being explored by the Western Athabasca Syndicate (the "Syndicate"). Three out of fifteen existing targets received preliminary drill testing this spring, including the Swoosh (7 holes), CHA (1 hole) and FSA (1 hole) targets. The drilling totaled 1902.7 meters over 9 holes.

Preston Uranium Property Map and Regional Exploration Corridors:
http://skyharbourltd.com/_resources/SYH_Regional_Corridors.jpg

Highlights:

• Anomalous radioactivity discovered in the drilling is proximal to EM conductors and associated with gravity low anomalies which are the result of strong hematite, chlorite and clay alteration of the structurally disrupted lithologies; this is consistent with being in a mineralization halo and is common to many Athabasca Basin uranium deposits
• The best intercept to-date from the Swoosh area returned 8.82 ppm U and 360 ppm Th over 0.5 meters in hole PN14003
• Th/U and Pb isotope ratios, and evidence for deformation/alteration suggest that most zones at the Swoosh area have undergone uranium depletion and may have at one time hosted significant uranium mineralization; as such, directly adjacent targets should be investigated for places where the uranium could have been re-deposited
• The one hole drilled at the FSA target returned 5.84 ppm U over 1.0 meter and the one hole drilled at the CHA target returned 4.25 ppm U over 1.0 meter
• Loss of circulation near the bottom of the FSA drill hole occurred just prior to the geophysical target depth; blue clay encountered at the bottom of the hole is likely altered graphite, strongly anomalous in silver, and with a relatively high radiometric-sourced Pb isotopic signature that warrants further follow up 

• The Syndicate's Technical Team considers these findings in the first drill program at Preston to be a breakthrough towards potentially identifying economic levels of uranium mineralization at shallow depths; further exploration work and drill campaign planning is underway

Drill targets were chosen based on results from a combination of airborne geophysical, geochemical and geological surveys carried out during 2013 and 2014, which were then further refined by ground HLEM and gravity geophysical surveys.