Skyharbour Completes Patterson Lake Properties Acquisition, Saskatchewan
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
April 11, 2013
NEWS RELEASE
Skyharbour Completes Patterson Lake Properties Acquisition, Saskatchewan
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTC Pink: SYHBF) (the “Company”) is pleased to announce that further to its news release dated March 27, 2013, the Company has completed its acquisition of a 100% interest in 285,000 acres located in the Patterson Lake Region, Athabasca Basin, Saskatchewan.
The prospective uranium properties acquired by Skyharbour are strategically located near the Alpha Minerals (TSX-V: AMW; "Alpha") and Fission Energy (TSX-V: FIS; "Fission") Patterson Lake South (PLS) uranium discovery. The Company has now acquired six properties in the Patterson Lake region totaling 388,000 acres making it one of the largest land positions in the area.
Map of Skyharbour’s Patterson Lake Area Properties:
Pursuant to the terms of the two acquisition agreements with arm’s length parties for a 100% interest in the 285,000 acre land package, the Company paid the sum of $50,000 to cover acquisition costs and issued a total of 1,000,000 common shares at a deemed issuance price of $0.06 per share. The Vendor has been granted a 2% net smelter return royalty on non-uranium minerals and a 2% gross revenue royalty on uranium minerals. The shares issued in connection with this transaction are subject to a hold period and will not trade before August 6, 2013.
About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. is a uranium, gold and base metal exploration company with projects in the Athabasca Basin of northern Saskatchewan and in Red Lake, northwestern Ontario, Canada. The Company has approx. 36 million shares outstanding.
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
“Jim Pettit”
James G. Pettit Director
For further information contact myself or:
Jordan Trimble Corporate Development and Communications
Skyharbour Resources Ltd.
Telephone: 604-687-3376 Toll Free: 800-567-8181 Facsimile: 604-687-3119 Email: [email protected]
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