Skye Resources Inc.

Published : December 03rd, 2007

Announces New Director

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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

 

Skye Resources Inc.

EXPLORATION STAGE
CODE : SKR.TO
ISIN : CA83081N1078
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Skye Res. is a nickel exploration company based in Canada.

Skye Res. holds various exploration projects in Guatemala.

Its main exploration properties are FENIX and FENIX (EXMIBAL) in Guatemala.

Skye Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 339.2 millions as of today (US$ 280.8 millions, € 190.0 millions).

Its stock quote reached its highest recent level on May 12, 2006 at CA$ 9.94, and its lowest recent point on August 27, 2008 at CA$ 6.66.

Skye Res. has 50 931 000 shares outstanding.

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Annual reports of Skye Resources Inc.
Annual Report 2007
Nominations of Skye Resources Inc.
6/19/2008Appoints David Bryson CFO
2/29/2008Appoints C. K. Benner as Chief Executive Officer and Vice Ch...
12/12/2007APPOINTS MORGAN STANLEY TO FINANCE FENIX PROJECT
Financials of Skye Resources Inc.
8/14/2008Announces Second Quarter Results
11/14/2007(Fenix (exmibal)) Announces Third Quarter Results and Updates Fenix Project
5/14/2007Announces first quarter results
Project news of Skye Resources Inc.
5/13/2008(Fenix) Updates Fenix Project and Announces Q1 Results
3/20/2008(Fenix)Fenix Project Update and 2007 Results
2/13/2008(Fenix) Reports Increased Resource Estimates for Fenix
9/19/2007files Fenix project Technical Report
Corporate news of Skye Resources Inc.
8/26/2008HudBay Minerals Completes Business Combination with Skye Res...
8/19/2008Securityholders Approve Business Combination with HudBay Min...
6/24/2008Vale Inco Notifies Skye it Will Not Exercise Pre-Emptive Fin...
6/23/2008HudBay and Skye Announce Proposed Business Combination
5/20/2008 COO Retires
5/6/2008Announces Director Change
3/27/2008John Bracale Joins Skye Resources
2/19/2008Successfully Completes Pilot Leaching Tests
1/30/2008Defers Fenix Project Financing in View of Credit Market Cond...
12/3/2007Announces New Director
10/30/2007announces power purchase agreement with Duke Energy Internat...
10/26/2007announces closing of previously announced unit offering and ...
8/29/2007provides Fenix project update
7/31/2007announces agreement with Guatemalan government
7/3/2007announces receipt of construction permit for Fenix project
6/8/2007receives environmental permits for Fenix Project
4/23/2007nominates three new directors
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TORONTO (SKR.TO)FRANKFURT (S7R.F)
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