SKYE RESOURCES ANNOUNCES NEW DIRECTOR
VANCOUVER, BC, December 3, 2007 -- Skye Resources Inc. (“Skye”) (TSX:SKR) is pleased to announce the appointment of
Jean-Sebastien Blanchette to its Board of Directors. Jean is a Senior
Analyst with Amber Capital Investment Management (“Amber”) with
experience in the commodity and mining sectors. Amber is Skye’s
largest shareholder and owns approximately 18% of Skye’s outstanding
shares.
Gord Bacon, Skye’s Chair stated, “We
are pleased that Jean is joining the Board. He will bring an important
perspective, particularly as we consider our financing and partnership
alternatives over the coming months.”
Jean
Blanchette commented, "Amber
Capital is very pleased to have a representative on the Board of Directors of
Skye. We look forward to continuing our support for the company and
working with management as the Fenix project advances towards the production
stage. We believe strongly in the high quality of this project. The
reactivation of the nickel mine will be a major benefit for both the local
community in Guatemala
and all Skye stakeholders."
About Skye
Skye is an international mining
company focused on becoming a new mid-tier nickel producer. Skye acquired the rights to its Guatemalan
lateritic nickel project (the Fenix project) in December 2004 and in October
2006 completed a feasibility study for a ferro-nickel project at Fenix using
proven conventional smelting technology. In June 2007 Skye received its
environmental permits for the project and expects to initiate construction
during the first quarter of 2008 with initial production in late 2009. www.skyeresources.com
Cautionary Notices:
This news release contains certain
forward-looking statements that involve risks and uncertainties, such as
statements of Skye’s plans, objectives, strategies, expectations and
intentions. The words “may”, “would”,
“could”, “will”, “intend”,
“plan”, “anticipate”, “believe”,
“estimate”, “expect” and similar expressions, as they
relate to Skye, or its management, are intended to identify such
forward-looking statements. Many factors could cause Skye’s actual
results, performance or achievements to be materially different from any future
results, performance or achievements that may be expressed or implied by such
forward-looking statements. The forward-looking statements included in
this news release represent Skye’s views as of the date of this news
release. While Skye anticipates that subsequent events and developments
may cause its views to change, it specifically disclaims any obligation to
update these forward-looking statements. These forward-looking statements
should not be relied upon as representing its views as of any date subsequent
to the date of this news release. All subsequent written and oral
forward-looking statements attributable to Skye or persons acting on its behalf
are expressly qualified in their entirety by this notice.
FOR FURTHER INFORMATION PLEASE
CONTACT:
Media Inquiries:
Andrew Grant
Vice President, Public Relations
Tel: (604) 602-9500
agrant@skyeresources.com
Investor Inquiries:
Cindy Burnett
Vice President, Investor Relations
Tel: (604) 602-9500
cburnett@skyeresources.com