SKYHARBOUR RES LTD ORD - SYHBF STOCK NEWS

Skyharbour Resources Ltd (SYHBF) has appointed Dr. Andrew J. Ramcharan as Senior Vice President of Corporate Development. Dr. Ramcharan brings over 20 years of experience in mining, exploration, and investment banking, including raising over $600 million in equity financings at IAMGOLD. He holds a Ph.D. in Mining Engineering and has a strong track record in corporate development, aimed at maximizing shareholder value through new discoveries and partnerships. The company operates extensively in Canada’s Athabasca Basin, holding fourteen uranium projects, nine of which are drill-ready.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) has announced the acquisition of six new uranium exploration properties in the Athabasca Basin, totaling 147,510 hectares. This expands their total land package to 385,934 hectares, enhancing their position in a region known for high-grade uranium deposits. The properties include the Riou River, Pluto Bay, Wallee, Usam Island, Foster River, and South Dufferin projects, each with significant geological prospects. CEO Jordan Trimble emphasized the strategic importance and untapped potential of these newly acquired projects.

Skyharbour Resources Ltd. (SYHBF) announced a drilling contract with Major Drilling for the Hook Lake Uranium Project, set to start in January 2022, with a minimum of 2,500m planned. Camp construction has begun, supported by Discovery Mining Services. The drilling will target areas with high-grade uranium, including the S Zone, which previously showed assays of up to 59.2% U3O8. The project covers 25,846 hectares near the Key Lake Uranium Mine in Saskatchewan, with significant mineralization potential highlighted by past exploration results.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) announced the commencement of preparation for the winter road to access its East Preston uranium project in the Athabasca Basin, Saskatchewan. Accurate Industries is contracted to create a 60 km road, essential for the winter 2022 drilling program, which aims to extend the previous year's work. The program forecasts a minimum of 6,000m of drilling across 30-35 holes, targeting geophysical anomalies along the A-G and K-Q trends. Permits for winter work are secured, and the drilling is expected to start in early January 2022.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) announced that its partner, Medaro Mining Corp., will commence an exploration program at the Yurchison Project this winter. Covering approximately 55,934 hectares in Saskatchewan, the program aims to identify new high-priority drill targets. The project has previously shown significant uranium and molybdenum mineralization, with historical values indicating strong discovery potential. Additionally, Medaro plans to acquire an initial 70% interest in the property through a combination of share issuances, cash payments, and exploration expenditures totaling CAD $8.8 million.

Skyharbour Resources and partner Azincourt Energy announced preparations for the winter 2022 exploration program at the East Preston Uranium Project in Saskatchewan. The program will include a minimum of 6,000m of diamond drilling in 30-35 drill holes, focusing on the A-G and K-Q trends. Contractors have been engaged, and drilling is set to start in early January 2022, following the opening of access roads. The project aims to explore structurally complex zones with known uranium mineralization potential. Skyharbour retains a 15% interest in the project.

Skyharbour Resources Ltd. (SYHBF) announced successful results from its summer/fall 2021 diamond drilling program at Moore Uranium Project, totaling 6,598 meters and 19 drill holes. Notable results from drillhole ML21-13 revealed 0.994% U₃O₈ over 5.7 meters, confirming high-grade uranium at Maverick East Zone. The ongoing exploration shows robust potential, with pending assays for six additional holes. The company plans to initiate a winter drilling program to further explore the project's mineralization.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) has announced an option agreement with Medaro Mining Corp. for the Yurchison Uranium Property in Saskatchewan. The agreement allows Medaro to earn a 70% interest through CAD $3 million in shares, CAD $800,000 in cash, and CAD $5 million in exploration within three years. The Property spans approximately 55,934 hectares and shows potential for uranium, copper, and molybdenum. Following the initial earn-in, Medaro can acquire the remaining 30% for CAD $15 million. This partnership aligns with Skyharbour's strategy to enhance its project portfolio in the Athabasca Basin.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) announced an option agreement with Black Shield Metals Corp. for a potential 75% interest in the Mann Lake Uranium Project located in Saskatchewan's Athabasca Basin. Over three years, Black Shield will contribute CAD $4,850,000, including CAD $850,000 cash, and CAD $1,750,000 in shares. The Mann Lake project covers 3,473 hectares, 25 km from the McArthur River Mine. The partnership aims to capitalize on the growing uranium market, advancing exploration and strategic developments at Mann Lake.