Skye Petroleum, Inc.OTC: SKPO

Jon Laria Joins Skye Petroleum, Inc as Chief Financial Officer

· Issued by Skye Petroleum, Inc.

                                                   SKYE PETROLEUM, INC.

                                                             News Release

                                                                                                                                                                Stock Symbol: SKPO

JON LARIA JOINS SKYE PETROLEUM, INC.  AS CHIEF FINANCIAL OFFICER

November 2, 2010

For immediate release

                Skye Petroleum, Inc. is pleased to announce that Jon Laria has joined the company as Chief Financial Officer.  Mr. Laria was Chief Financial Officer for twelve years at World Harvest, a global non-profit organization which operated ten different divisions and employed 350 staff.  Currently, Mr. Laria is serving as CFO and Director for Parks America, Inc. (PRKA) in Georgia, as well as Vice President of Finance for OneHope Inc. in Florida.  Mr. Laria was previously a senior manager at Ryder System for eight years, a $6 billion transportation and logistics company, where he was responsible for managing $3.7 billion in assets in North America in his last three years there.  He also served as the head of several centralized accounting and analysis functions for three years and was also the Financial Reporting Manager for two years.  Mr. Laria was an Audit Manager for Arthur Andersen in the Columbus, Ohio office.  His clients at Arthur Andersen were primarily public companies.

                Skye is very excited about the experience that Mr. Laria brings to the team and will be a great asset in moving the company forward into the future.

About Skye Petroleum:  Skye Petroleum contracts with oil companies to treat existing oil wells, producing revenue by significantly increasing oil production of currently producing wells with its paraffin control technology.  In addition, Skye Petroleum intends to acquire, operate and treat its own producing wells on behalf of its shareholders.

Contact:         Buck Eaton                                                         Phone: 713-254-0176

                      Chief Operations officer                                     Email: office@skyepetroleum.com

                                                                                                Website: www.skyepetroleum.com