Skyharbour Resources Ltd. (TSX VENTURE:SYH) (PINKSHEETS:SYHBF) (FRANKFURT:SC1N)
(the "Company") ("Skyharbour") announces that further to its news releases dated
March 7, 2014 and March 18, 2014, it has closed its non-brokered private
placement and has issued a total of 4,862,294 units (the "Units") at a price of
$0.15 per Unit to raise gross proceeds of $729,344. Each Unit consists of one
common share in the capital of the Company ("Unit Shares") and one-half of one
non-transferable common share purchase warrant (a "Warrant"), each whole Warrant
entitling the holder to purchase one additional common share at a price of $0.20
per share until April 1, 2016.


In connection with the financing, the Company issued a total of 164,918 finder's
warrants to finders (the "Finder's Warrants") who introduced certain subscribers
to the private placement. The Finder's Warrants are on the same terms as the
Warrants. The Company also paid to finders a cash total of $24,737.65 in
connection with this financing. The Unit Shares and Warrants issued under the
private placement and any shares issued pursuant to the exercise of the Warrants
and Finder's Warrants are subject to a four month and one day hold period until
August 2, 2014 under applicable securities laws and imposed by the TSX Venture
Exchange.


Skyharbour also announces that 1,814,200 warrants have been exercised since the
beginning of February raising an additional $181,420 in net proceeds. 


The Company intends to utilize the proceeds of this private placement and
warrant exercise for the continued exploration of the Company's uranium projects
in the Athabasca Basin and for general working capital purposes. Skyharbour has
already met its first-year work commitment of $500,000 towards the Western
Athabasca Syndicate property package including the upcoming drill program at the
Preston Lake uranium project. A portion of the proceeds from this financing will
go towards Skyharbour's remaining $500,000 work commitment on the project in the
upcoming year.


The Syndicate's 246,643 hectare Preston Property is the largest land package
proximal to Fission Uranium Corp.'s Patterson Lake South ("PLS") high-grade
uranium discovery, as well as the recent discovery ("Arrow Prospect") made by
NexGen Energy on the Rook 1 Project (see NexGen's news release dated February
19, 2014). The Syndicate holds title to an extensive and geologically
prospective property package in the southwest Athabasca Basin region including
properties strategically located in all directions around the PLS and NexGen
discoveries.


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 53.7 million shares outstanding upon closing of the above private
placement with insiders owning approx. 25% 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 VENTURE:SYH) visit the
Company's website at www.skyharbourltd.com.


SKYHARBOUR RESOURCES LTD.

JORDAN TRIMBLE, President and CEO

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 at
www.sedar.com for further information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Skyharbour Resources Ltd.
Jordan Trimble
President and CEO
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)


Skyharbour Resources Ltd.
Don Myers
Director
604-687-3376 or Toll Free: 800-567-8181
604-687-3119 (FAX)
info@skyharbourltd.com
www.skyharbourltd.com
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