Dancing With Disaster Focusing on Skye Resources Inc., Lundin Mining Corp., and Gerdau Ameristeel Corp

Market Wire, January, 2008

Comments made in this release are those of Maybach Financial Group and any questions or comments should be directed to the contact information located at the bottom of this release.

Maybach Financial Group is a syndicate of investment researchers compiling research from major analysts and fund managers. Our focus is to give investors the financial advantage necessary to sustain profit in all markets. This week, to gauge the outcome of the markets, we are focusing on Skye Resources Inc (TSX: SKR), Lundin Mining Corp (TSX: LUN), and Gerdau Ameristeel Corp (TSX: GNA). For the full report visit http://www.maybachfinancial.com/register.php

The Maybach Financial Group www.maybachfinancial.com will be researching the above-mentioned companies to determine their chances of a turnaround opportunity for investors. Visit http://www.maybachfinancial.com/register.php for a complimentary subscription to the Maybach service and receive at no cost our "Special Report #1: Protecting Our Future," and "Special Report #2: Hearing is Believing." No credit card or payment information is required.

There have been 720 mining disasters in the U.S. between March 18, 1839 and August 6 2007 with a total fatality rate of 15,222 (this includes federal inspector fatalities). By far the most accidents seem to happen at coal mines and explosions are definitely the most common type. They are caused by the accumulation of flammable gas and/or combustible dust in the air near an ignition source.

Minimizing methane concentrations through appropriate drainage and ventilation, eliminating ignition sources and adding rock dust to inert the coal dust are all ways to help reduce the risk of an explosion in both underground mines and surface processing facilities. Barriers, to suppress propagating explosions, are a common way to mitigate explosions. Sometimes, however, the unthinkable happens.

Skye Resources Inc (TSX: SKR) mid day trading found stock at $5.47, down $0.03 (-0.55%) on trading volumes of 433,966, just $1.64 above the 52 week low of $3.85. Skye announced their decision to defer further discussions for financing of its Fenix project until conditions in the credit market improve. Current activities will be continued so that the ramp-up for major works can be initiated quickly. Ian Austin, President and CEO of Skye, said, "We have chosen what we believe is the most prudent course of action for our shareholders. The delay will be managed to preserve maximum value from the activities completed to date…. Results from our ongoing financial and project work strengthen our belief that Fenix is one of the best brownfield nickel projects under development. We are confident that the project can be financed in more normal credit markets and we will monitor conditions closely to be ready to act quickly once they improve."

Lundin Mining Corp (TSX: LUN) was down $0.26 or -3.31% to $7.59 on volumes of 2,540,173 for a mid day level just $0.60 above the 52 week low. The company has had to revise its 2006 & 2007 taxes to reflect corrections made due to an incorrect tax rate used at its Portugal location. Another factor is the amendment to the original allocation regarding the cost of acquiring EuroZinc Mining Corporation, however, a significant difference to the net earnings for the year ending December 31, 2006 is not expected.

Gerdau Ameristeel Corp (TSX: GNA) stocks rose $0.31 (2.56%) to $12.40, with volumes of 699,923, in mid day trading to sit just $2.12 above its 52 week low of $10.28. The economic problems plaguing the country don't seem to be impacting Gerau Ameristeel as they announced plans for a capital project which would expand its Jacksonville Steel Mill in Baldwin, Florida. Approximately 400,000 tons will be added to the Jacksonville rolling mill to match up with the melting capacity of 100,000 tons. The expansion is expected to be completed by 2010. Vice President of Commercial and Downstream Operations, J. Neal McCullohs, commented, "This planned expansion will complete our plans to have a global scale rebar plant in Florida to serve the Southeastern U.S. with the highest quality, lowest cost products in the industry. We have been a market leader in rebar in this region and we believe this project will enable us to continue to serve our customers long into the future."

After witnessing the recent plunge in the markets influenced by the resource sector, the falling housing slump and employment issues, smart investors and hedge funds are shifting interests into other sectors.

The markets are changing and investors are scared. The Bull Run that we have been use to over the past four years is starting to become more like a stampede in the other direction.

Stock markets are normally volatile, but investors have enjoyed a four-year run of below normal volatility and steady upward movement. Ups and downs, yes. But the Bull Run has been great over the past three to four years and has not ended as abruptly as many have predicted.

But while the end of the Bull Run has been predicted for more than a year, long-term investors shouldn't be worried. Of course, only if you know what you are doing.