Skye Resources Inc.

Skye is focused on becoming a mid-tier nickel producer. We have assembled a seasoned, technically sophisticated management team, and acquired the rights to an established lateritic nickel project (the Fenix project) in Guatemala. In September 2006 we received the results of a feasibility study for a ferro-nickel project at Fenix using conventional smelting technology as well as a preliminary assessment study of a subsequent expansion of this project, using hydrometallurgy.