Skyharbour Resources Ltd. announced assay results from its 2024 winter diamond drilling program which totaled 2,864 metres in nine holes at its 100% owned, 35,705 hectare Moore Uranium Project. The project is located approximately 15 kilometres east of Denison Mine's Wheeler River project and proximal to regional infrastructure for Cameco's Key Lake and McArthur River operations in the Athabasca Basin, Saskatchewan. A highlight from this program was from hole ML24-08 which intersected 5.0 metres of 4.61% U3O8 from a relatively shallow downhole depth of 265.5 metres to 270.5 metres including 10.19% U3O8 over 1.0 metre at the Main Maverick Zone.

Skyharbour plans to continue advancing Moore through additional drilling in 2024 in conjunction with a fully-funded summer drill program to follow-up on the recently reported Fork target uranium discovery at the Company's adjacent Russell Lake Uranium Project. The combined drill campaign this summer is planned to consist of approximately 7,000 - 8,000 metres with details forthcoming. Highlights: Hole ML24-08 is one of the better holes drilled at the Main Maverick Zone to date.

It intersected an interval of high-grade mineralization grading 4.61% U3O8 over 5.0m starting at 265.5m downhole including 3.0m of 7.30% U3O8 and 1.0m of 10.19% U3O8, with up to 10.8% Ni. Hole ML24-03 intersected a broad interval of high-grade mineralization grading 1.11% U3O8 over 11.5m starting at 266.8m downhole including 2.0 metres of 5.87% U3O8. All holes drilled in the Main Maverick Zone during the winter of 2024 intersected significant uranium mineralization with the goal of further expanding and delineating the known zone of mineralization.

There remains expansion potential at both of the high-grade Main Maverick and Maverick East Zones. Furthermore, substantial portions of the 4.7 kilometre long Maverick corridor remain to be systematically drill-tested leaving robust discovery potential along strike as well as at depth in the basement rocks. Two exploratory holes drilled in the Grid 19 area tested the Slice Pond and 19 East Conductors and intersected structurally disrupted graphitic pelitic accompanied by significantly anomalous pathfinder element geochemistry.

Preparation for a fully-funded 2,500 - 3,000 metre summer drill program at Moore focused at the Maverick Zones is underway, as is a follow-up 4,500 - 5,000 metre drill program at the Russell Lake Project where drilling at the newly discovered Fork Zone returned high-grade uranium mineralization hosted in the sandstone. Drilling on the Moore Project over the winter of 2024 totaled 2,864 metres in nine holes. Seven holes (ML24-01 to -04 and ML24-7 to -09) were drilled at the Main Maverick Zone and two holes were drilled on the Grid 19 target conductors (ML21-05 to -06).

Seven holes totaling 2,221 metres were drilled at the Main Maverick Zone to better define and expand the shallow high-grade mineralized zone. All of these holes were drilled vertically and intersected significant uranium mineralization at the unconformity centred around 265.0 metres to 275.0 metres downhole depth. The majority of the high-grade uranium mineralization at the Main Maverick Zone is sandstone-hosted situated just above the unconformity.

The highlight was hole ML24-08, which intersected 5.0 metres of 4.61% U3O8 between 265.5 metres and 270.5 metres depth including 3.0 metres of 7.30% U3O8 between 266.0 metres to 269.0 metres depth. Another notable hole was ML 24-03, which intersected a broad interval of mineralization grading 1.11% U3O8 over 11.5 metres between 266.8 metres to 278.3 metres depth, including 5.87% U3O8 over 2.0 metres. The results of the drilling are reported in the following table: The geology and geochemistry of all the drill holes are typical of the Main Maverick Zone.

The zone is characterized by a subvertical fault intersecting basement rocks consisting primarily of graphitic and non-graphitic pelitic gneiss along with Hudsonian and Archaean granites, accompanied by local pegmatite bodies. The overlying sandstone is typically intensely faulted, de-silicified, clay enriched and highly bleached with sooty pyrite and local silicification. The depth to the unconformity is approximately 270.0 metres where the sandstone and basement rocks are clay-altered to -replaced with uranium mineralization and with local intervals of basement-hosted uranium mineralization.

The sandstone column is highly anomalous in Boron (3,320 ppm B) with the basement rocks within and surrounding the mineralization highly anomalous in Vanadium (5,990 ppm V) and Lead (5,000 ppm Pb), as well as up to 14.7% Nickel and 1.77% Cobalt in an individual 0.5 metre mineralized sample in hole ML24-02 at 269.9 metres that also returned 1.18% U3O8. Furthermore, a 0.5 metre sample in hole ML24-08 intersected 10.8% Nickel along with 14.9% U3O8.