Mr. Wenhong Jin reports

WILDSKY RESOURCES INC. SIGNS MOU CONCERNING OPTION OF ZIMBABWEAN GOLD PROPERTY

Wildsky Resources Inc. has entered into a non-binding memorandum of understanding with respect to an option to acquire a gold and base metal property located in Zimbabwe from Midau Mining Pvt. Ltd. and Krumlin Mining Pvt. Ltd.

Pursuant to the terms of the option, the company may acquire a 100-per-cent interest in two exclusive prospecting orders (EPOs), 1725 and 1622, and claims inside owned by the optionors. The two EPOs cover the most important gold mineralization belt in Zimbabwe, the Munyathi and Lily shear zone; the total covered area is 484.14 square kilometres. The proposed transaction is subject to, among other terms, the parties entering into a formal option agreement and the approval of the TSX Venture Exchange.

In order to exercise the option, the company must undertake the following cash payments and exploration on the property:

• Pay the optionors $100,000 (U.S.) in cash on signing of the option agreement;
• 12 months after the date of the final exchange bulletin for the acquisition of the option, pay the optionors a further $50,000 (U.S.) in cash and issue to the optionors that number of common shares in the capital of Wildsky equal to a value of $100,000 (U.S.);
• Within 24 months after the bulletin date, issue to the optionors that number of common shares in the capital of Wildsky equal to a value of $200,000 (U.S.) and spend not less than $2-million (U.S.) in exploration expenses on the property.

The property shall be subject to a 5-per-cent net smelter royalty (NSR) in favour of the optionors, and the NSR shall be payable on all minerals produced from the property by or for the benefit of the company up to a cap of $10-million (U.S.).

Subject to the approval of the exchange, in the event that the company attains production or reserves of one million ounces gold on the property, the company shall issue 200,000 common shares in the capital of the company to the optionors. In the event that the company attains production or reserves in excess of two million ounces gold on the property, the company shall issue a further 200,000 common shares in the capital of the company to the optionors.

If, at any time after earning its 100-per-cent interest in and to the property, the company decides to sell part or all of the property, the company shall grant the optionors a right of first refusal to purchase that part of the property that the company intends to sell on the same terms and conditions as applicable to the proposed sale.

The parties to the proposed transaction are at arm's length. No finders' fees are payable in connection with the proposed transaction.

About Wildsky Resources Inc.

Wildsky Resources is a Canadian-based exploration and development company with an office located in Vancouver, B.C. The company's goal is to create value for shareholders through continuously exploring and developing its current properties in Nigeria and at the same time looking for new properties to acquire through its international connections.