SKYHARBOUR RES LTD ORD - SYHBF STOCK NEWS

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQX: SYHBF) announced that the TSX Venture Exchange granted conditional acceptance for an option agreement with Tisdale Clean Energy Corp., allowing Tisdale to earn up to a 75% interest in the South Falcon East Property. This property spans 12,770 hectares in the Athabasca Basin, Saskatchewan. Tisdale must issue 1,111,111 shares upfront, fund CAD $10.5 million in exploration, and pay CAD $11.1 million in cash over five years. The project has historical uranium mineralization identified, and Tisdale will conduct further exploration. Shareholders are invited to the Vancouver Resource Investment Conference on January 29-30, 2023.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQB: SYHBF) has initiated its inaugural winter drill program at the Russell Lake Uranium Project in Saskatchewan. The program includes a minimum of 10,000 metres of diamond drilling across 18 to 20 holes, fully funded and permitted. The first phase consists of 3,000 metres, targeting the Grayling Zone, which has shown historical high-grade mineralization. Jordan Trimble, President and CEO, emphasized the significant exploration potential and anticipated positive news flow throughout the year. Skyharbour also has a prospect generator model with multiple partner companies advancing other projects in the Athabasca Basin.

Skyharbour Resources Ltd. (TSX-V: SYH, OTCQX: SYHBF) has engaged Condor Consulting Inc. for geophysical and geological data analysis on its Russell Lake Uranium Project. Condor, with expertise in the Athabasca Basin, will interpret historical data to optimize drilling targets. A fully-funded 10,000 metre drill campaign is set to begin shortly. The Russell Lake Project encompasses 73,294 hectares and has recorded over 95,000 metres of historical drilling. The company aims to advance its exploration initiatives amid improving uranium market conditions.

Skyharbour Resources Ltd. (TSX-V: SYH) announced that Azincourt Energy has received approvals for a winter drill program at the East Preston uranium project, Saskatchewan. The program aims to drill approximately 6,000 meters across 20+ diamond drill holes targeting alteration zones and elevated uranium levels. Community engagement with the Clearwater River Dene Nation continues, ensuring local businesses benefit from the project. Azincourt has earned a 70% interest in East Preston, with Skyharbour retaining a 15% stake. The project is strategically located near key uranium deposits in the region.

Skyharbour Resources Ltd. (SYHBF) announced the completion of its 2022 drilling program at the Mann Lake uranium project, with a total of 6,279 meters drilled over two phases. Phase two involved 2,776 meters of diamond drilling across four holes, targeting basement conductors and fault structures. The program aimed to define the unconformity and intersect uranium mineralization. Preliminary results include significant graphite mineralization and anomalous radioactive intervals. The project is poised for further development in 2023, with planned exploration programs at Mann Lake and the Wray Mesa project in Utah.

Skyharbour Resources announces a multi-phased drill campaign at its Russell Lake Uranium Project in Saskatchewan, covering 73,294 hectares. The campaign will consist of 10,000 meters of diamond drilling across three phases, fully funded to be completed by September 2023. The first phase will focus on the Grayling Zone, following historical high-grade uranium intersections. With significant historical exploration, including over 95,000 meters of drilling, the project is strategically located near key uranium mines and has several prospective targets.

Skyharbour Resources Ltd. has announced an option agreement with Tisdale Clean Energy Corp. dated October 19, 2022, allowing Tisdale to earn a 51% to 75% interest in the 12,464-hectare South Falcon East Property in Saskatchewan's Athabasca Basin. Tisdale will issue Skyharbour 1,111,111 shares, fund CAD $10.5 million in exploration, and pay CAD $11.1 million over five years. Skyharbour retains a minority interest and a 100% stake in adjacent claims. This partnership aims to enhance Skyharbour’s strategic project base, with plans for significant exploration activities ahead.

Skyharbour Resources Ltd. (SYHBF) released assay results from its 2022 spring diamond drilling program at the Moore Uranium Project in Saskatchewan. The program totaled 2,467 meters across seven holes, discovering uranium mineralization and strong structural disruption in multiple target areas. Notable results include 5.0 meters of 0.13% U₃O₈ in hole ML22-07. The company plans to advance its exploration efforts with additional drilling, fully funded for a larger campaign over the next year, and anticipates forthcoming updates from new drill programs, reflecting a positive outlook for the uranium market.

Skyharbour Resources Ltd. has upgraded to trade on the OTCQX Best Market under the symbol SYHBF, effective September 30, 2022. Moving from the OTCQB signifies meeting high financial standards and corporate governance. This transition enhances visibility among U.S. investors as the company positions itself within the growing uranium sector, driven by positive nuclear energy sentiment. Skyharbour holds an extensive portfolio of uranium projects in the Athabasca Basin, including the Moore Uranium Project, which has shown promising drill results.