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Skyharbour Resources (TSXV:SYH) Acquires Large Portfolio of Mineral Claims in Athabasca Basin - Video Summary on www.investmentpitch.com


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Copyright © Thomson Reuters 2013. All rights reserved.
2013-03-21 15:12:58 -

Vancouver, British Columbia, March 21, 2013 - Skyharbour Resources (TSXV:SYH)
has acquired a large portfolio of mineral claims in the Athabasca Basin region
of Northern Saskatchewan. The Athabasca Basin hosts the world's largest and
richest high-grade uranium deposits, accounting for approximately 20% of global
primary uranium supply.

InvestmentPitch.com has produced a "video news alert" which provides an overview
of Skyharbour. If this link is not enabled, please visit ww.InvestmentPitch.com
and enter "Skyharbour" in the search box.

Five of the properties, consisting of 197,000 acres of prospective ground, are
strategically located near the Alpha Minerals and Fission Energy Patterson Lake
South discovery area, which included a drill interval that returned 2.49% U3O8
over 12.5 metres.

The company's North Patterson and RY properties are strategically located
approximately 27 and 35 kilometres respectively to the north 
of Fission/Alpha's claim boundary, and cover prospective geology within the Athabasca Basin sandstones, including Northeast/Southwest regional structural trends. The company's South Patterson and Draco properties, located approximately 15 kilometres to the south, are road accessible via an all-weather highway. Their South Basin property, approximately 90 kilometres to the east, is situated along the unconformable contact between basement rocks and the Athabasca Basin. Other operators in the area include Cameco, Areva, and Denison Mines. The Patterson Lake South discovery demonstrates the potential for high-grade uranium mineralization on the margins of the western side of the Athabasca Basin, where significantly less exploration has been carried out, compared to the eastern side of the Athabasca Basin. The company's 11,769 acre Wheeler Project, with 3 uranium showings, is located in the Eastern Flank of the Athabasca Basin. The Wheeler project has 2 obvious targets for immediate exploration; an outcropping, pegmatite hosted uranium mineralization, and a Cigar Lake style mineralization. The company acquired its land package at acquisition cost in which roughly half the land was staked directly by the company and the other half was staked by an arms-length party and is subject to a 2% NSR. With this significant land package, Skyharbour is well positioned in this emerging area, and with approximately $1 million in the treasury, Skyharbour will now examine and compile all available historic and related mineral exploration data associated with the acquired properties in anticipation of uranium exploration work programs this year. The shares currently trade at $0.055, and with 34.7 million shares outstanding, the company is capitalized at only $2 million. For more information, including the company's gold properties in Ontario, please visit the company's website at www.skyharbourltd.com or contact Jordan Trimble, Corporate Development at 604-687-3119 or email info@skyharbourltd.com. About InvestmentPitch InvestmentPitch.com, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing short videos based on significant news releases and research reports. CONTACT: InvestmentPitch.com Barry Morgan, CFO bmorgan@investmentpitch.com This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: InvestmentPitch via Thomson Reuters ONE [HUG#1687140]


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