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2014-05-06

Skyharbour Resources Ltd. : Skyharbour Discovers Highest Levels of Radioactivity at Swoosh Target and Drilling to Recommence at Preston Uranium Property

Suite 1610 - 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y 1K4

www.skyharbourltd.com

TSX-V Trading Symbol: SYHEmail:info@skyharbourltd.com May 6, 2014 Vancouver, BC - Skyharbour Resources Ltd.
(TSX-V: SYH)(OTC Grey: SYHBF)(Frankfurt:SC1N) ("Skyharbour") is pleased to
provide an update on its inaugural diamond drilling program on its flagship
Preston Uranium Property (the "Property") in the southwest Athabasca Basin.
The Western Athabasca Syndicate (the "Syndicate") has drilled seven holes
thus far for a total of 1,571 meters with two to four additional holes
planned in May. The most recently completed hole, PN14007, intersected twelve
zones of radioactivity, including the highest levels recorded to date at
the Preston Property as defined by a downhole gamma probe including a 0.75
meter zone measuring 1,432 counts per second (cps) in a background of 80 to
100 cps.

The initial seven drill holes tested the Swoosh target, a six-kilometre long
corridor consisting of geophysically anomalous areas as defined by gravity,
magnetic and EM surveys, coincident with surficial geochemical anomalies. Six
holes were completed to depths of between 200 and 360 meters downhole, while
one hole was abandoned due to poor drilling conditions. Overburden depth
varies from 4 to 38 meters and immediately overlies basement rock.

Preston
Property - Swoosh Target Map:
http://skyharbourltd.com/_resources/maps/SYH_Swoosh_Drill_Locations.jpg

All seven of the holes intersected a broad, hydrothermally altered and
reactivated, structural zone. Five of the holes returned elevated
radioactivity and intersected multiple graphitic units within sheared and
altered basement lithologies. The alteration commonly consists of pervasive
chlorite, hematite and clay development; features which are common to uranium
mineralization in the Athabasca Basin.

Drilling is currently recommencing after the breakup period to test the CHA
and Fin targets. A review of final assays and geochemistry will be carried
out upon receipt of results expected in early-June.

All holes were angled holes, drilled at -45 to -50 degrees. They were
radiometrically surveyed
using a RS-230 gamma-ray spectrometer, and a Mount Sopris 2PGA-1000 downhole
natural gamma probe. Natural gamma radiation in drill core reported in this
news release was measured in counts per second (cps). All intersections are
downhole and core interval measurements and true thicknesses are yet to be
determined. The reader is cautioned that a total counts gamma probe reading
is the result of natural gamma radiation that may come from various sources
including cosmic radiation, thorium, potassium and uranium and its
radioactive decay products. CPS values cannot be certain to correlate with
uranium grades of the rock but are a general guide of the radioactivity of
minerals present in rock placed in proximity to the instrument.

The Syndicate's Technical Team considers these findings in the early stages of
the first drill program to be a significant breakthrough towards locating
shallow uranium mineralization, and decided to expand the initial drill plan
at the Swoosh target as a result. Additional field work and drilling is being
planned at the Swoosh target for later in the year.

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

The three initial target areas, out of a growing target base currently
standing at fifteen, were selected by the Syndicate's Technical Committee for
drilling based on encouraging fieldwork results and coincident anomalies from
ground gravity, airborne and ground EM and magnetic (graphitic conductors and
structures), radon, soil, biogeochem, lake sediment, prospecting and
geological mapping surveys. This drill campaign represents the first
modern-day drill exploration program on the Preston Uranium Property with
follow up programs planned for later this year given the encouraging results
to date.

The Preston Uranium Property:

The 246,643 hectare Preston Uranium Property is the largest individual
property proximal to Fission Uranium Corp.'s Patterson Lake South ("PLS")
high-grade uranium discovery and the recent discovery made by NexGen Energy
on the Rook 1 Project (see NexGen's news release dated Feb. 19, 2014). The
Syndicate is the largest land tenure holder in the southwest Athabasca Basin
region including properties strategically situated to the southwest and to
the northeast of the PLS and NexGen discoveries.

Approx. $3,500,000 dollars in exploration has been carried out to date by the
Syndicate on the Preston property and many priority targets remain for
further follow up with both fieldwork and drill testing. The Syndicate
continues to employ a systematic, proven exploration methodology that has led
to numerous uranium discoveries in the region and throughout the Athabasca
Basin. This has been very effective in identifying numerous high-quality
targets at Preston with similar geological features and exploratory
indicators as those at the nearby PLS and NexGen discoveries as well as other
deposits in the Athabasca Basin.

About the Western Athabasca Syndicate:

The Western Athabasca Syndicate is a strategic partnership formed between
Skyharbour, Athabasca Nuclear, Lucky Strike and Noka to explore and develop a
287,130 hectare suite of uranium properties that is the largest land position
along the highly prospective margin of the Western Athabasca Basin controlled
by a single group. Under the terms of the agreement, each of the four
companies has an option to earn 25% of the five uranium properties comprising
the Western Athabasca Syndicate Partnership by making a series of cash
payments, share payments, and incurring their pro-rata amount of the total
$6,000,000 in exploration expenditures over the two-year earn-in term of the
agreement. The properties were acquired for their proximity to the PLS
discovery and interpreted favourable geology for the occurrence of PLS style
uranium mineralization. The bulk of the Syndicate land package is bisected by
all-weather Highway 955 which runs north through the PLS discovery on to the
former Cluff Lake uranium mine.

The Athabasca Basin of Saskatchewan hosts the world's largest and richest
high-grade uranium deposits which have grades substantially higher than the
world average grade of about 0.1% U3O8. The Patterson Lake area has received
escalating exploration attention and claim acquisition activity as a result
of the new, near surface discoveries made by Fission which includes the
recently reported drill interval of 38.49% U3O8over 10.5 metres in drill hole
PLS14-129. Consistent high-grade, near surface U3O8assays from Fission
demonstrate the potential for high-grade uranium mineralization on the
geologically prospective yet underexplored margins of the western side of the
Athabasca Basin.

Management cautions, mineralization present on proximal properties is not
necessarily indicative of mineralization on the Syndicate's Property.

Qualified Person:

Athabasca Nuclear Director, Charles C. (Chuck) Downie, P.Geo., is the
Qualified Person as defined by National Instrument 43-101 and has approved
the technical information in this release.

About Skyharbour Resources Ltd.:

Skyharbour Resources Ltd. is a uranium exploration company and a member of the
Western Athabasca Syndicate which controls a large, geologically prospective
land package consisting of five properties (287,130 hectares or 709,513
acres) in the Athabasca Basin of Saskatchewan. $6,000,000 in combined
exploration expenditures over the next two years is planned on these
properties, $5,000,000 of which is being funded by the three partner
companies. Skyharbour also owns a 60% interest in the Mann Lake Uranium
project on the east side of the Basin strategically located 25 km southwest
of Cameco's McArthur River Mine. The Company has approx. 55 million shares
outstanding with insiders owning over 20% of the outstanding shares.
Skyharbour's goal is to maximize shareholder value through new mineral
discoveries, committed long-term partnerships, and the advancement of
exploration projects in geopolitically favourable jurisdictions.

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the
Company's website atwww.skyharbourltd.com.

SKYHARBOUR RESOURCES LTD.

"Jordan Trimble"

JORDAN TRIMBLE
President and CEO

For further information contact myself or:
Don Myers
Director
Skyharbour Resources Ltd.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email:info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
RELEASE.

This release includes certain statements that may be deemed to be
"forward-looking statements". All statements in this release, other than
statements of historical facts, that address events or developments that
management of the Company expects, are forward-looking statements. Although
management believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance, and actual results or developments may
differ materially from those in the forward-looking statements. The Company
undertakes no obligation to update these forward-looking statements if
management's beliefs, estimates or opinions, or other factors, should change.
Factors that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and financing, and
general economic, market or business conditions. Please see the public
filings of the Company atwww.sedar.comfor further information.

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Skyharbour Resources Ltd. via Globenewswire

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