Skyharbour Resources Ltd.

The Western Athabasca Syndicate Commences its Winter Field Program at the Preston Uranium Project in the Patterson Lake Region of the Athabasca Basin

TSX-V Trading Symbol: SYH

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March 3, 2015

NEWS RELEASE

Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTC Grey: SYHBF) (Frankfurt: SC1N) (the "Company") is pleased to announce the commencement of its winter exploration program at the Preston Uranium Property being explored by the Western Athabasca Syndicate (the "Syndicate"). The Preston Property is strategically located proximal to Fission Uranium's shallow, high grade Triple R deposit as well as NexGen Energy's Arrow discovery in the Patterson Lake region in Northwestern Saskatchewan.

 

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

 

The winter field program has commenced with a 1,200 station ground-based gravity survey over three targets in the Depper Lake area including the FIN, FSA and Dixon targets. MWH Geo-Surveys Ltd. has been commissioned to complete the survey. The targets are located within five kilometres south and east of NexGen's Fury target area as well as Fission's Far East Zone where anomalous radioactivity was discovered in drill hole PLS14-255 in August of 2014. NexGen is exploring gravity anomalies on the Fury target that are coincident with conductors which trend onto the Syndicate's Preston Property from the north.

 

Preston Uranium Property - Gravity Survey Target Areas:

http://skyharbourltd.com/_resources/pdf/NR_Map_20150216_v2.pdf

 

Combined results of the 2014 and 2015 gravity surveys will be used to prioritize and refine targets for additional 2015 surveys as well as drilling. The eastern targets (FSA, Canoe, and Swoosh) have already been identified as high priority targets based on 2014 exploration work and will be subject to additional RadonEx and ground based electromagnetic surveys in March-April of this year. The RadonEx survey will commence by the second week of March and focus on target evaluation and refinement at the FSA, Swoosh, FIN and Canoe targets. A previous RadonEx survey commissioned by the Syndicate in 2014 returned strongly anomalous radon results of up to 139 pCi/L (RIW) associated with coincident electromagnetic, magnetic and gravity geophysical anomalies at the Canoe target. An important component of the 2015 RadonEx survey will be to infill and refine future drill locations at this highly prospective target.