SKYHARBOUR RES LTD ORD - SYHBF STOCK NEWS

Skyharbour Resources has initiated its fall diamond drilling program at the Russell Lake Uranium Project in Saskatchewan. The company plans to complete 4,500 metres of drilling in 7-9 holes, focusing on the Fork target and M-Zone Extension target areas. The program builds on previous successful results, including a notable discovery at the Fork target where hole RSL24-02 returned 0.721% U3O8 over 2.5 metres, including 2.99% U3O8 over 0.5 metres. The 73,294-hectare project is 51% owned by Skyharbour with Rio Tinto holding 49%, and benefits from strategic location and infrastructure access.

Skyharbour Resources has entered into agreements with Hatchet Uranium Corp. for several uranium projects in the Athabasca Basin, Saskatchewan. Hatchet can acquire an 80% interest in the 9,339 ha Highway Uranium Property through payments totaling CAD $245,000, shares worth CAD $1,050,000, and CAD $2,050,000 in exploration expenditures over three years. Additionally, Hatchet can acquire 100% interest in the Genie, Usam, and CBX/Shoe Projects (66,358 ha total) for $25,000 and 9.9% of Hatchet shares. Skyharbour retains a 2% NSR royalty on all properties and a 25% claw-back provision on the purchased properties.

Skyharbour Resources has completed an Ambient Noise Tomography (ANT) survey at its Russell Lake Uranium Project ahead of a planned fall drill program. The survey, using Fleet Space Technologies' ExoSphere technology, targeted the Grayling and Fork areas where previous drilling found high-grade uranium.

The company reported results from its 2024 drilling program, highlighting a significant discovery in hole RSL24-02 which yielded 0.721% U3O8 over 2.5 metres, including 2.99% U3O8 over 0.5 metres at 339.6 metres depth. The total drilling campaign comprised 5,152 metres across ten holes in two phases.

Skyharbour is now fully funded and permitted for a follow-up fall campaign of approximately 7,000 metres, split between Russell (4,500m) and Moore (2,500m) projects.

Skyharbour Resources has completed its earn-in requirements to acquire a 51% interest in the Russell Lake Uranium Project in Northern Saskatchewan, forming a joint venture with Rio Tinto. The company achieved this by paying CAD $508,200, issuing 3,584,014 common shares, and incurring $5,717,250 in exploration expenditures over 3 years.

The Russell Lake Project spans 73,294 hectares and is strategically located between key uranium projects. Recent drilling success includes a notable discovery at the Fork Target area, with hole RSL24-02 returning 0.721% U3O8 over 2.5 metres. Skyharbour is planning a fall drill program of 4,000-5,000m to follow up on recent discoveries.

Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) announces partner company Terra Clean Energy Corp.'s plans for a winter 2025 exploration program at the South Falcon East Uranium Project. The program includes:

- Approximately 2,000 meters of drilling
- Focus on expanding the Fraser Lakes B Uranium Deposit
- Testing nearby targets with prospective alteration and structure
- Preparation for an updated NI 43-101 compliant resource estimate

The project is located 18 km outside the Athabasca Basin, 50 km east of the Key Lake uranium mill. Terra can acquire up to 75% interest in the property through a two-phase option agreement, involving cash payments, share issuances, and exploration expenditures totaling CAD $21.6 million over five years.

Skyharbour Resources announces that its partner, North Shore Uranium, has provided an update on target generation efforts at the Falcon uranium project in Saskatchewan's Athabasca Basin. North Shore has identified 36 uranium targets at Falcon, with 15 in Zone 2. The company is evaluating areas with previous drilling and new target areas.

Key focus areas in Zone 2 include the South Walker Area, target FA020 (EWA showing), and targets FA011 and FA019. The South Walker Area has a strong EM conductor system and previous drilling, with plans for further exploration. Target FA020 includes the EWA showing, where up to 0.492% U3O8 was found in outcrop samples.

North Shore can acquire an 80% interest in Falcon by issuing shares worth CAD $1,225,000, making cash payments of $525,000, and incurring $3,550,000 in exploration expenditures over three years.

Skyharbour Resources (TSX-V: SYH, OTCQX: SYHBF, Frankfurt: SC1P) announced an option agreement with UraEx Resources Inc. for its South Dufferin and Bolt Uranium Projects in the Athabasca Basin, Saskatchewan. UraEx can acquire up to 100% interest in the 18,000-hectare property through CAD $9,800,000 in combined project consideration over five years, including cash, shares, and exploration expenditures.

To earn an initial 51% interest, UraEx will issue shares worth CAD $1,150,000, make cash payments of CAD $450,000, and incur CAD $3,000,000 in exploration expenditures over three years. Further, UraEx can achieve a 75% interest by issuing shares worth CAD $500,000, making a CAD $200,000 cash payment, and spending an additional CAD $1,500,000 on exploration. To acquire the remaining 25%, UraEx will issue shares worth CAD $2,000,000 and make a CAD $1,000,000 cash payment.

The South Dufferin project covers 13,204 hectares and has significant exploration potential for basement-hosted uranium. The Bolt project spans 4,726 hectares and shows potential for uranium, thorium, and rare earth element mineralization.

Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) has appointed Brady Rak as the Company's VP of Business Development. Mr. Rak brings over a decade of experience in the investment management industry to Skyharbour. The company's President and CEO, Jordan Trimble, expressed enthusiasm about the appointment, highlighting Rak's capital markets experience and industry knowledge.

Trimble stated that Rak joins Skyharbour at a pivotal time, with drilling underway at core projects and a growing prospect generator business. The company aims to leverage Rak's expertise and network to continue its growth trajectory.

Skyharbour Resources announces that its partner, North Shore Uranium, has received a Crown Land Work Authorization permit for the Falcon uranium project in Saskatchewan's Athabasca Basin. The permit, valid until July 31, 2027, allows for mineral exploration activities including drilling up to 75 exploration holes. North Shore can acquire an 80% interest in Falcon by issuing shares worth CAD $1,225,000, making cash payments of $525,000, and incurring $3,550,000 in exploration expenditures over three years.

North Shore has identified 36 uranium targets at Falcon and aims to select the top ten for the next drill program. The project, covering 42,908 hectares, is located near the Key Lake mine and has shown historical uranium mineralization in shallow depths. The exploration focus will be on basement-hosted, unconformity-related uranium deposits and pegmatite/granite-hosted U-Th-REE mineralization.