“Skyharbour Brokers Big Uranium Discovery with Inaugural Drilling at Russell Lake in Northern Saskatchewan; Winter Drill Program Plans Announced!

Skyharbour Resources Ltd. (TSX-V:SYH) (OTCQB:SYHBF) (“Skyharbour” or the “Company”) is pleased to report that the inaugural winter drill program at its Russell Lake uranium project, located in Northern Saskatchewan’s Athabasca Basin Region, has intersected significantly mineralized intervals of uranium rich sandstone that is highly prospective for a new uranium discovery. Recent core drilling has intersected mineralized horizons comprised of disseminated uraninite and carnotite within sandstone hosts, in three separate drill holes. Drillhole RL-20-20 intersected significant mineralization over 1.1 metres of off-scale radioactivity in a zone measuring 8.3 metres in width. This zone is interpreted to be similar to the high-grade alteration assemblages previously intercepted in the Patterson Lake South (“PLS”) and Roughrider deposits, both located to the southeast in the region. The first interception of mineralization at Russell Lake continues to validate the robust structural geology model constructed for the project. Additional drilling has revealed that the uranium mineralization appears to extend an additional 12 metres along the same structure from the 1.1 metre mineralized interval. The uranium mineralization occurs in sandstone that hosts a predominant quartzo-feldspathic lithology with elevated uranium values throughout. Skyharbour is pleased with these results and plans to follow-up with a second winter drill program targeting strike and dip extensions to these new mineralized intersections. The Company also plans on conducting induced polarization (IP) geophysical surveys, as well as additional ground gravity surveys. CEO of Skyharbour, Jordan Trimble commented, “We are excited to be intersecting mineralization with our own drill program at Russell Lake, and are encouraged by the potential to be discovering something new in the heart of the Athabasca Basin, an area that hosts some of the richest and most prolific uranium deposits in the world. Our technical team will now focus our efforts on preparing for follow-up winter drill program with the potential for the discovery of a new uranium discovery.” Skyharbour is well positioned to leverage its portfolio of near-term, strip-ratio projects within the uranium-rich Athabasca Basin region. A recently announced collaboration agreement with Orano Canada Inc. (formerly AREVA) gives Skyharbour the potential to advance through discovery and development to production stages through an industry leader in uranium. The Company is now in a strong financial position to advance the Russell Lake project and to continue to explore the significant potential at the flagship Moore uranium project.