Skyharbour Partner Company Terra Clean Energy Plans Summer Drill Program at the South Falcon East Uranium Project Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (“Skyharbour” or the “Company”) is pleased to announce that partner company Terra Clean
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TSX-V Trading Symbol: SYH
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Telephone: (604) 558-5847
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April 29th, 2025
News Release
Skyharbour Partner Company Terra Clean Energy Plans Summer Drill Program at the South
Falcon East Uranium Project
Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt:
SC1P) (“Skyharbour” or the “Company”) is pleased to announce that partner company Terra Clean
Energy Corp. (“Terra”, previously Tisdale Clean Energy) announces an upcoming summer drill
program at the South Falcon East Uranium Project (the “Property”) which hosts the Fraser Lakes B
Uranium Deposit. The Property lies 18 km outside the edge of the Athabasca Basin, approximately
50 km east of the Key Lake Uranium Mill and former mine. Skyharbour optioned the Project to Terra
and under the Option Agreement assuming the 75% interest is earned, Terra will fund exploration
expenditures totaling CAD $10,500,000, as well as pay Skyharbour CAD $11,100,000 in cash of
which $6,500,000 can be settled for shares in the capital of Terra (“Shares”) over the earn-in period.
Map of South Falcon East Project Claims:
https://skyharbourltd.com/_resources/maps/Sky_SouthFalconEast_20250109.jpg?v=1
Terra is planning an extensive drill program for the summer of 2025 consisting of approximately 2,500
metres of drilling. The purpose is to test an area highlighted in the Winter 2025 program where it is
interpreted that a north-northwest trending brittle structure, a north dipping structure with strong clay
alteration, and mineralized pegmatites with hydrother mal hematite alteration hosted in graphitic
pelitic gneiss all intersect. This puts many of the indicators identified as being key components for
higher grade uranium mineralization all in the same location.
It is generally accepted that for higher grade uranium deposits in the Athabasca Basin there are
several key indicators including graphitic metasediments, brittle reactivated basement structures,
reducing fluid (indicated by clay alteration), and oxidizing fluid (indicated by hematite alteration which
transports uranium). All these features have now been identified in the Fraser Lakes B deposit area.
Where they are projected to intercept is considered a top priority target area for the discovery of a
higher-grade, unconformity related. basement hosted uranium deposit and additional mineralized
pegmatites.
“The Athabasca Basin is one of the world’s foremost Uranium Basins accounting for some 20% of
world uranium production. It has been well explored and understood for many years attracting billions
of dollars of investment. For these reasons and the fact that our VP Exploration has worked
extensively in the Basin and is excited about our findings that it is an immediate priority to follow up
the very encouraging winter results this summer,” said Greg Cameron, CEO of Terra Clean Energy.
“Finding an unconformity , basement-hosted deposit like Eagle Point or Rough Rider would be
company changing,” added Greg Cameron.
The upcoming work will be a helicopter supported drill program including seven to ten diamond drill
holes targeting an area approximately 120 to 150m north of drill holes SF0063, SF0065, SF0066
and SF0067 which were completed during the winter program. The initial results of these drill holes
were reported in press releases dated March 10 th, 2025, and April 1st, 2025, with final geochemical
assays still pending. The summer field program is anticipated to commence in June and will be
executed by Terra Logic Exploration Inc. under the supervision of TerraLogic staff and C. Trevor
Perkins, Vice President, Exploration for Terra Clean Energy. Operations will be based out of a local
contracting camp with helicopter support for the daily drilling operations. T he expected budget for
this program is anticipated to be $2.0 million.
Planned Summer Drilling Area and Completed Winter Drill Holes at South Falcon East
Uranium Project:
https://www.skyharbourltd.com/_resources/images/Planned-summer-drilling-area-completed-
winter-drill.png
“The results from the winter drilling program are very encouraging,” commented Trevor Perkins, Vice
President of Exploration for Terra Clean Energy Corp. “We are excited to get back in there and test
where the clay alteration intersects the mineralized zone and graphitic sediment package. This is an
exciting target as this can bring together many of the key features associated with the known
basement-hosted, unconformity deposits in the Basin.” continued Mr. Perkins.
Samples of the mineralized intervals from the winter program are outstanding. They have been
submitted for analysis at the Geoanalytical Laboratory at the Saskatchewan Research Council in
Saskatoon, Saskatchewan.
South Falcon East Project Summary:
The South Falcon East Project is a uranium exploration project in the southeast Athabasca Basin
and covers approximately 12,464 hectares. It lies 18 km outside the Athabasca Basin, approximately
50 km east of the Key Lake Mine. Historical exploration at the South Falcon East Project identified
an area of U-Th-REE mineralization at the Fraser Lakes Zone B over an area comprising 1.5 km by
0.5 km along an antiformal fold nose cut by an east -west dextral ductile -brittle cross -structure
adjacent to a 65 km long EM conductor.
Qualified Person:
The technical information in this news release has been prepared in accordance with the Canadian
regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar
Donmez, P.Geo., VP of Exploration for Skyharbour as well as a Qualified Person.
About Terra Clean Energy Corp.:
Terra Clean Energy (formerly Tisdale Clean Energy Corp) is a Canadian-based uranium exploration
and development company. The Company is currently developing the South Falcon East uranium
project, which hosts an inferred uranium resource within the Fraser Lakes B uranium/thorium deposit,
located in the Athabasca Basin region, Saskatchewan, Canada.
About Skyharbour Resources Ltd.:
Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca
Basin and is well positioned to benefit from improving uranium market fundamentals with interest in
thirty-six projects covering over 614,000 hectares (over 1.5 million acres) of land. Skyharbour has
acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the
Moore Uranium Project, which is located 15 kilometres east of Denison's Wheeler River project and
39 kilometres south of Cameco's McArthur River uranium mine. Moore is an advanced -stage
uranium exploration property with high -grade uranium mineralization in several zones at the
Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project , in which
Skyharbour is operator with joint -venture partner RTEC. The project hosts widespread uranium
mineralization in drill intercepts over a large property area with exploration upside potential. The
Company is actively advancing these projects through exploration and drilling programs.
Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and
Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively . The
Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp.
at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx
Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-
listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon
East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that
total to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares
being issued, and $14 million in cash payments coming into Skyharbour, assuming that these partner
companies complete their entire earn-ins at the respective projects.
Skyharbour's goal is to maximize shareholder value through new mineral discoveries, committed
long-term partnerships, and the advancement of exploration projects in geopolitically favourable
jurisdictions.
Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-11-21_v1.jpg
To find out more about Skyharbour Resources Ltd. (TSX -V: SYH) visit the Company’s website
at www.skyharbourltd.com.
SKYHARBOUR RESOURCES LTD.
“Jordan Trimble”
Jordan Trimble
President and CEO
For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]
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ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF
THIS NEWS RELEASE.
The securities offered have not been, and will not be, registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not
be offered or sold in the United States or to, or for th e account or benefit of, United States persons
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offer to sell o r the solicitation of an offer to buy securities in the United States, nor in any other
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This release includes certain statements that may be deemed to be "forward -looking statements".
All statements in this release, other than statements of historical facts, that address events or
developments that management of the Company expects, are forward-looking statements, including
the Private Placement. Although management believes the expectations expressed in such forward-
looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance, and actual re sults or developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to update these forward-looking
statements if management's beliefs, estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in forward-looking statements, include
market prices, exploration and development successes, regulatory approvals, continued availability
of capital and financing, and general economic, market or business conditions. Please see the public
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