Skye announces EPCM contract with Hatch



    TSX Symbol: SKR

    VANCOUVER, Nov. 6 /CNW/ - Skye Resources Inc. ("Skye") (TSX:SKR) today
announced that it has entered into contracts with Hatch Ltd. (Hatch) for the
provision of engineering, procurement and construction management (EPCM)
services to the Fenix ferro-nickel project.
    The EPCM contracts are a continuation of Hatch's extensive involvement in
the Fenix project. Since finalizing the feasibility study for the ferro-nickel
project in late 2006, Hatch has completed the basic engineering, prepared the
control estimate, made significant progress with detailed engineering, placed
orders for major critical components and initiated site preparation with a
view to mobilizing the construction crews on site early in 2008.
    In addition to its detailed knowledge of the Fenix project, Hatch brings
a proven expertise in nickel smelting technology, and a record of successful
execution of EPCM assignments of this type, with plant upgrades and retrofits
representing a major part of Hatch's history.

    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 the 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:

For further information: Media Inquiries: Andrew Grant, Vice President,
Public Relations, Tel: (604) 602-9500, agrant@skyeresources.com; Investor
Inquiries: David Bryson, Vice President, Finance & Treasurer, Tel: (604)
602-9500, dbryson@skyeresources.com; 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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SKYE RESOURCES INC.

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