VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 28, 2016) - Skyharbour Resources Ltd. (TSX VENTURE:SYH)(OTC:SYHBD)(FRANKFURT:SC1N) (the "Company") is pleased to announce Mr. Paul Matysek, M.Sc., P.Geo, will be joining Skyharbour's Advisory Board. Mr. Matysek is a mining entrepreneur, professional geochemist and geologist with over 35 years of experience in the mining industry. He has held senior executive and director positions with several natural resource exploration and development companies and is a proven company builder.
Mr. Matysek was the Founder, President and CEO of Energy Metals Corporation ("EMC"), a premier uranium company that traded on the New York and Toronto Stock Exchanges. Mr. Matysek led EMC as one of the fastest growing Canadian companies in recent years, increasing its market capitalization from $10 million in 2004 to approximately $1.8 billion when it was acquired by a larger uranium producer, Uranium One Inc., in 2007. Mr. Matysek is currently the President and CEO of Goldrock Mines Corp. (TSX VENTURE:GRM) which on June 7 th , 2016 announced it had entered into a definitive agreement to be acquired by Fortuna Silver Mines (NYSE:FSM)(TSX:FVI). Goldrock's principal asset is the 100% owned Lindero Project located in Salta Province, Argentina and the transaction values Goldrock at $129 million on a fully-diluted in-the-money basis. Mr. Matysek is also the Executive Chairman and on the Board of Directors of Lithium X (TSX VENTURE:LIX), a lithium resource explorer with projects in Salta, Argentina and Clayton Valley, Nevada. Previously, Mr. Matysek was the President and CEO of Lithium One Inc., which developed a high quality lithium project in northern Argentina. In July 2012, Lithium One and Galaxy Resources merged with a $112 million plan to create a fully integrated lithium company. Prior to Lithium One, Mr. Matysek was the President and CEO of Potash One Inc. where he was the architect of the $434 million friendly takeover of Potash One by K+S Ag, which closed in early 2011.
Skyharbour's, President and CEO, Jordan Trimble commented, "We are very pleased that Paul Matysek has agreed to join Skyharbour's Advisory Board. He is an incredibly well respected leader in the resource industry and his expertise will be invaluable to the future development of the Company and our portfolio of projects in the Athabasca Basin. Having recently completed a significant deal with Denison Mines to acquire a 100% interest in the Moore Lake Uranium Project, we remain focused on building a preeminent uranium company with a strong management and advisory team. Paul's specific experience in building and selling uranium company Energy Metals to Uranium One, his knowledge of the capital markets and his proven ability to maximize the value of resource assets for the benefit of all stakeholders will be of great value to Skyharbour going forward."
About Skyharbour Resources Ltd.:
Skyharbour holds an extensive portfolio of uranium and thorium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with five drill-ready projects. In July 2016, Skyharbour acquired an option from Denison Mines to acquire 100% of the Moore Lake Uranium Project which is located 20 kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur River mine. Moore Lake is an advanced stage uranium exploration property with over $30 million in historical exploration, 370 drill holes, and a high grade zone known as the Maverick Zone with drill results including 4.03% e U 3 O 8 over 10 metres at a depth of 265 metres. The Company owns a 100% interest in the Falcon Point (formerly Way Lake) Uranium Project on the eastern perimeter of the Basin which hosts an NI 43-101 inferred resource totaling 7.0 million pounds of U 3 O 8 at 0.03% and 5.3 million pounds of ThO 2 at 0.023%. The project also hosts a high grade surface showing with up to 68% U 3 O 8 in grab samples from a massive pitchblende vein, the source of which has yet to be discovered. Skyharbour also has a 50% interest in the large, geologically prospective Preston Uranium Project proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow deposit. The Company's 100% owned Mann Lake Uranium project on the east side of the Basin is strategically located adjacent to the Mann Lake Joint Venture operated by Cameco with partners Denison Mines and AREVA, where high-grade uranium mineralization was recently discovered. 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.
