|By Marketwired .||
|March 4, 2014 07:00 AM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/04/14 -- Skyharbour Resources Ltd. (TSX VENTURE: SYH)(PINKSHEETS: SYHBF) ("Skyharbour") is pleased to announce the addition of Thomas Drolet, BEng., MSc., DIC, as a member of the Company's Advisory Board.
Mr. Drolet is a uranium and nuclear industry specialist and principal of energy consultancy Drolet & Associates Energy Services Inc. Mr. Drolet has had a plus-40-year career in the energy sector, where he spent 26 years with Ontario Hydro in various engineering, research and operations functions. He formed and headed Canada's research and development program into fusion (CFFTP) in 1982 and then moved into international commercial work with Ontario Hydro International, where he was named president and CEO in 1993. Mr. Drolet was then appointed managing director of American Electric Power Canada, and president of Canadian Energy Opportunities Inc. where he was involved in mergers, acquisitions and other consulting activities in the Canadian and U.S. power sectors. Mr. Drolet earned a bachelor's degree in chemical engineering from Royal Military College of Canada, a master of science degree in nuclear technology/chemical engineering, and a DIC from Imperial College, University of London, England. He is a frequent guest and keynote speaker on nuclear energy at global conferences.
Jordan Trimble, President and CEO of Skyharbour Resources, states: "We are honoured to have Mr. Drolet on our Advisory Board. He is a very well respected leader in the uranium industry and his expertise will be invaluable to the future development of the Company and our portfolio of projects in the Athabasca Basin. Mr. Drolet joins us at an important stage of Skyharbour's growth with the upcoming drill program at the Preston property in the Patterson Lake region, and illustrates our commitment to building a preeminent uranium company with a strong management and advisory team."
With the appointment, Skyharbour announces the granting of 150,000 incentive stock options exercisable for a period of five years from the date of grant at a price of $0.15 per share. All options are granted in accordance with the terms of the Company's stock option plan.
Rick Kusmirski, P.Geo., M.Sc., Head Technical Advisor, has over 40 years of exploration experience in North America and overseas, and has actively participated in the discovery of a number of uranium, gold and base metal deposits. For several years, in his capacity as Exploration Manager, he directed Cameco Corporation's uranium exploration projects in the Athabasca Basin. In 1999, Rick joined JNR Resources becoming Vice President of Exploration in 2000. Subsequently, he directed the exploration program that led to the discovery of the Maverick Zone on the Moore Lake uranium joint venture in the Athabasca Basin in Saskatchewan with partner Kennecott Canada. Rick became JNR's President and CEO in January of 2001. In February of 2013, Denison Mines Corp. successfully acquired all of the outstanding shares of JNR by way of a friendly all-share take-over bid.
About Skyharbour Resources Ltd.:
Skyharbour Resources Ltd. is a uranium exploration company and a member of the Western Athabasca Syndicate which controls a large, geologically prospective land package consisting of five properties (287,130 hectares or 709,513 acres) in the Athabasca Basin of Saskatchewan. $6,000,000 in combined exploration expenditures over the next two years is planned on these properties, $5,000,000 of which is being funded by the three partner companies. Skyharbour also owns a 60% interest in the Mann Lake Uranium project on the east side of the Basin strategically located 25 km southwest of Cameco's McArthur River Mine. The Company has 44.6 million shares outstanding with insiders owning over 25% of the outstanding shares. 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.
ON BEHALF OF THE BOARD OF DIRECTORS
Jordan P. 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.
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