Skye Resources Appoints John Bracale CGN President and Guatemala Country Manager

Skye Resources Inc. ("Skye" or "the Company") (TSX:SKR) announced that,
effective March 31, 2008, Mr. John Bracale will be joining Skye Resources as
Country Manager, Guatemala and also President of Skye's Guatemalan subsidiary,
Compania Guatemalteca de Niquel, S.A. ("CGN").


John is an experienced mining executive with over 30 years experience in the
mining industry in Latin America and the Pacific Rim. He was most recently a
Director and Vice President of Latin America for Gold Hawk Resources Inc. as
well as Executive President of their Peruvian subsidiary Compania Minera San
Juan. He has also served as Vice President of Latin America for Breakwater
Resources, Ltd.; Senior Vice President of Latin American Operations for Arimetco
International, Inc.; Vice President of American Pacific Mining Company, Inc. in
Honduras ; Executive Manager of Human Resources, Administration and Logistics
for and during the building of OK Tedi Mining Ltd. in Papua New Guinea and
Administrative Manager for Southern Peru Copper Corporation.


"I am pleased that John has agreed to join the Skye Resources team," said Colin
Benner, Skye's CEO and Vice Chairman. "He will play a key role in maintaining
the strong support the Fenix Project has received to date from the Government of
Guatemala and the communities in the region."


David Huggins will remain a member of the CGN Board of Directors and, in his
role as Chief Operating Officer of Skye Resources, will focus on the operational
aspects of Fenix and other projects.


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 Skye received its environmental permits for the project,
completed basic engineering and filed a Technical Report. Skye is preparing to
initiate construction once financing is in place.


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. Forward-looking statements may include estimates of
future production, construction schedules, construction cost estimates and
timing of commencement of operations, and are based on current expectations and
beliefs concerning future developments and their potential effects on Skye.
Factors that could cause actual results to differ materially from any
forward-looking statement include, but are not limited to failure to construct
the mine facilities in the time frame and within estimated costs as currently
planned; variations in capital and operating costs from estimated costs;
unavailability of key personnel, skilled labor, supplies, equipment, machinery,
parts, contractors and necessary components of Skye's project; inability to
obtain financing on commercially suitable terms; delays in obtaining or failures
to obtain required governmental, environmental or other project permits,
licenses or approvals; failure to build and maintain good relationships with the
local community; illegal land occupations; civil disturbances; changes in the
regulatory environment; unforeseen geological, physical or meteorological
conditions; natural disasters; labor shortages or stoppages; industrial
disputes; inflation; changes in exchange rates; political factors; fluctuations
in commodity prices; and other factors including those described under the
heading "Risk Factors" in Skye's most recent Annual Information Form filed on
Sedar. 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.