Guatemala

[Tackler]

SKR Skye Resources retains Axino AG http://www.axino.com/ for European IR

2005-06-07 15:58 ET - News Release

Mr. Ian Austin reports

SKYE RETAINS INVESTOR RELATIONS CONSULTANT IN EUROPE

Skye Resources Inc. has retained Axino AG to provide it with investor relations services on a non-exclusive basis for an initial term of six months. Axino will present Skye in Germany and other European countries, disseminating investor relations information and creating awareness of Skye in the European financial community. Axino will be paid compensation of $82,500, which includes all costs and expenses including the costs associated with listing on the Frankfurt Stock Exchange, road shows and meetings in Europe, and establishing and maintaining a German-language website.

Axino AG is a privately owned full-service investor relations firm based in Stuttgart, Germany. It specializes in representing resource-sector companies that wish to obtain investor exposure and develop a shareholder following in the European financial markets with a special focus on the German-speaking financial communities. Axino has advised Skye that it does not hold directly or indirectly any shares of Skye and that it does not have any right to acquire any shares.