Skye Resources nominates three new directors

    TSX Symbol: SKR

    VANCOUVER, April 23 - Skye Resources Inc. ("Skye") (TSX:SKR) today
announced that it is nominating three new members to its Board of Directors
for election by shareholders at Skye's Annual Meeting scheduled for May 17,
2007. Sheila O'Brien, Ron Simkus and David McIntyre are being nominated in
addition to the five existing directors, of whom four are independent.
    "We are extremely pleased to be able to add such highly skilled and
experienced executives to our Board, while at the same time further
strengthening its independence," said Dr. Gord Bacon, Chairman of Skye. "We
look forward to welcoming Sheila, Ron and David and benefiting from their
significant expertise as we realize the strategic vision for the Company."
    Sheila O'Brien has extensive experience in the areas of human resources
and public affairs in the energy industry, and held the position of Senior
Vice President at Nova Chemicals Corporation. Ron Simkus brings many years of
experience in the mining industry, including holding the positions of
President and CEO of Antamina in Peru and most recently Senior Vice President
of Corriente Resources Inc. David McIntyre, who is Associate General Counsel
of CVRD Inco Ltd, previously was a partner with Osler Hoskin and Harcourt LLP,
and is being nominated by CVRD Inco pursuant to its rights under the agreement
whereby Skye acquired its initial interest in the Fenix project.

    About Skye

    Skye is an international mining company focused on becoming a new
mid-tier nickel producer. The Company acquired the rights to its Guatemalan
lateritic nickel project (the Fenix project) in December 2004 and in September
2006 received the results of a feasibility study for a ferro-nickel project at
Fenix using proven conventional smelting technology. 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: Ian G. Austin, President & Chief Executive
Officer, Tel.: (604) 602-9500; Martti Kangas, Investor Relations, The Equicom
Group, Tel: (416) 815-0700 x 243, mkangas@equicomgroup.com; David Feick,
Investor Relations, The Equicom Group, Tel: (403) 538-4787,
dfeick@equicomgroup.com

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