Skye Resources announces new Director

    VANCOUVER, Dec. 3 /CNW/ - 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

    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.

    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:

For further information: Media Inquiries: Andrew Grant, Vice President,
Public Relations, Tel: (604) 602-9500,; Investor
Inquiries: Cindy Burnett, Vice President, Investor Relations, Tel: (604)

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