SKYHARBOUR RES LTD ORD - SYHBF STOCK NEWS

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.

Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) announced an update on its partner company North Shore Uranium's exploration activities at the Falcon Uranium Project in Saskatchewan. North Shore is earning 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, with 12 in Zone 1. In early 2024, they discovered near-surface uranium mineralization in two drill holes. The company is prioritizing targets based on EM conductor systems, structural interpretation, gravity and radiometrics data, and historical exploration datasets.

Three priority target areas in Zone 1 have been identified for potential future drilling, including a 3.0km trend where uranium was discovered. North Shore plans to continue target prioritization to maximize success in its next drill program.

Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) has appointed Serdar Donmez as Vice President of Exploration. Mr. Donmez, a seasoned geoscientist with nearly two decades of experience in uranium exploration and development, brings valuable expertise to Skyharbour's team. His background includes a 17-year tenure at Denison Mines Corp., where he played a important role in advancing uranium projects, particularly the Phoenix and Gryphon deposits at Wheeler River.

Mr. Donmez's appointment aligns with Skyharbour's ongoing exploration efforts at its Russell and Moore Lake projects, where recent drilling has revealed high-grade uranium mineralization. The company has a 2,500m drill program underway at Moore and plans an additional 4,000-5,000m program at Russell this fall. His expertise is expected to be instrumental in advancing these projects and expanding Skyharbour's resource base in the Athabasca Basin.

Skyharbour Resources (TSX-V:SYH) (OTCQX:SYHBF) has commenced a 2,500 metre summer diamond drilling program at its 100% owned Moore Uranium Project in Saskatchewan's Athabasca Basin. The program aims to expand and further characterize the high-grade Main Maverick and Maverick East Zones. Highlights include:

- Seven to nine holes planned
- Fully funded and permitted for this program and additional 4,000-5,000 metres at Russell Lake project
- Focus on expanding mineralized zones between 250-280 metres from surface
- Utilizing existing Moore Lake camp and McGowan Lake camp at Russell Lake

The company plans to leverage local infrastructure to reduce drilling costs. Previous drilling at Moore yielded high-grade results, including 6.0% U3O8 over 5.9 metres at the Main Maverick Zone and 1.79% U3O8 over 11.5 metres at the Maverick East Zone.

Skyharbour Resources (TSX-V: SYH) (OTCQX: SYHBF) has entered into an agreement with Cosa Resources Corp. to sell two mineral claims, comprising approximately 6,049 hectares, from its Karin Property in Saskatchewan. In exchange, Skyharbour will receive 250,000 common shares of Cosa. The claims are located about 22 km south of the Key Lake Mill and were originally acquired through low-cost, online staking.

Skyharbour retains ownership of five adjacent claims, constituting the new Karin Project, which now covers 19,116 hectares. The project is prospective for both unconformity-related and pegmatite-hosted uranium mineralization. Historical exploration in the area has revealed potential for uranium deposits and intrusive-related REEs, with recent exploration uncovering a pegmatite outcrop containing uranium, niobium, and tantalum.

Skyharbour Resources announced positive assay results from its 2024 winter drilling at the Moore Uranium Project, with a significant highlight of 7.30% U3O8 over 3.0m in hole ML24-08. The drilling program covered 2,864 metres in nine holes, primarily focusing on the Main Maverick Zone.

The company plans a fully-funded summer drilling program, totaling 7,000-8,000 metres across the Moore and Russell Lake projects. Preparation is underway for a 2,500-3,000 metre program at Moore and a 4,500-5,000 metre follow-up at Russell Lake.

Significant results include high-grade mineralization in hole ML24-08 (265.5m-270.5m depth) and hole ML24-03 (266.8m-278.3m depth). All holes at the Main Maverick Zone showed substantial uranium mineralization.

Exploratory holes at Grid 19 revealed anomalous geochemistry, suggesting further potential. The Company aims to further expand and delineate mineralized zones in upcoming drilling programs.

Skyharbour Resources announced the discovery of high-grade uranium mineralization at its Russell Lake Uranium Project in Saskatchewan. During Phase One of its winter drill program, the company intersected 2.99% U3O8 over 0.5 meters at the newly identified Fork Zone. This high-grade find is the best in the project's history and is strategically located near key infrastructure, reducing drilling costs. The company is fully funded and prepared for a follow-up summer drill program of 7,000 - 8,000 meters at its Russell and Moore projects. Assays from the second phase of winter drilling at Russell and recent drilling at Moore are pending.

Skyharbour Resources and its joint-venture partner, Orano Canada, have completed a geophysical program at the 49,635-hectare Preston Uranium Project in Saskatchewan, Canada. The 2024 program marks Orano's first exploration at Preston since 2020.

The geophysics included a 35.6 km Moving-Loop Transient Electromagnetic (ML-TEM) survey and a ground gravity survey with 2,295 stations. An upcoming Spatiotemporal Geochemical Hydrocarbons (SGH) soil sampling program will involve over 1,100 samples. The total budget for the 2024 campaign is about CAD $850,000. Orano holds a 51% interest in the joint venture, with Skyharbour and Dixie Gold each holding 24.5%.

Past exploration at Preston has identified over a dozen high-priority drill target areas. The project is strategically positioned near notable uranium discoveries by NexGen Energy, Fission Uranium, and F3 Uranium.

The technical details have been reviewed and approved by David Billard, P.Geo., a Consulting Geologist for Skyharbour.

Skyharbour Resources announced that partner company North Shore Uranium has confirmed uranium mineralization at two targets within the Falcon Property in Saskatchewan. The highest uranium concentration recorded was 572 ppm U3O8. North Shore plans further exploration to evaluate these and other targets. The drilling results showed significant intersections at targets P03 and P08, with substantial uranium values at specific intervals. North Shore's initial focus will be on the most promising targets identified during this program. Future plans include further drilling and a detailed field program to assess additional high-priority targets.