SKRR Exploration Completes the Sale of the Manson Bay Project

SKRR Exploration Completes the Sale of the

Manson Bay Project

VANCOUVER, BC

,

Aug. 19, 2024

/CNW/ - SKRR Exploration Inc. (TSXV: SKRR) (FSE:

B04Q) ("

SKRR

" or the "

Company

") is pleased to announce that, further to its news releases on

December 4, 2023

, and

February 7, 2024

, the Company has completed the sale of its 100% legal

and beneficial interest in thirteen (13) contiguous mineral claims totaling 4,293.213 hectares located

in the Province of

Saskatchewan

known as the Manson Bay Project (the "

Property

"), pursuant to

the terms and conditions of a definitive asset purchase agreement (the "

Definitive Agreement

")

dated

February 7, 2024

between the Company and Military Metals Corp. (formerly, X1

Entertainment Group.) ("

Military Metals

").

Military Metals acquisition of the Purchased Assets (as defined below) (the "

Transaction

")

constitutes a change of business for Military Metals (the "

COB

") to a mineral exploration company

pursuant to the policies of the Canadian Securities Exchange (the "

CSE

"). The Property, which is in

the exploration stage, is their first material mineral property and they received shareholder approval

for the Transaction and the COB at their annual general and special meeting of shareholders held on

August 14, 2024

.

In connection with the Transaction and the COB, Military Metals Corp. changed its name to "Military

Metals Corp." and will begin trading on the CSE under its new symbol "MILI" on

August 20, 2024

.

Pursuant to the terms and conditions of the Definitive Agreement, SKRR sold (i) 100% of its rights,

title, and interest in the Property, and (ii) all data and information in the possession of SKRR with

respect to the Property and the activities conducted thereon, and together with the Property, the

"

Purchased Assets

"). As consideration for the Purchased Assets, Military Metals issued SKRR

1,000,000 common shares in the capital of Military Metals (the "

Consideration Shares

") at a

deemed price of

$0.25

per Consideration Share. In addition to a statutory hold period of four months

plus one day from the date of issuance, the Consideration Shares are subject to contractual resale

restrictions pursuant to which (i) 50% will be released on the date that is four (4) months following

the date of closing (the "

Closing Date

"), (ii) 25% will be released on the date that is six (6) months

following the Closing Date, and (iii) 25% will be released on the date that is eight (8) months

following the Closing Date.

About SKRR Exploration Inc.

SKRR is a Canadian-based precious and base metal explorer with properties in

Saskatchewan

–

some of the world's highest ranked mining jurisdictions. The primary exploration focus is on the

Trans-Hudson Corridor in

Saskatchewan

in search of world class uranium, precious, and base metal

deposits. The Trans-Hudson Orogen – although extremely well known in geological terms has been

significantly under-explored in

Saskatchewan

. SKRR is committed to all stakeholders including

shareholders, all its partners and the environment in which it operates.

ON BEHALF OF THE BOARD

Sherman Dahl

President & CEO

Tel: 250-558-8340

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

this release.

Forward-Looking Information

This news release contains "forward–looking information or statements" within the meaning of

applicable securities laws, which may include, without limitation, statements relating to the sale of

the Property, statements relating to the technical, financial and business prospects of the Company,

its projects, its goals and other matters. All statements in this news release, other than statements

of historical facts, that address events or developments that the Company expects to occur, are

forward-looking statements. Although the Company believes the expectations expressed in such

forward-looking statements are based on reasonable assumptions, such statements are not

guarantees of future performance and actual results may differ materially from those in the forward-

looking statements. Such statements and information are based on numerous assumptions regarding

present and future business strategies and the environment in which the Company will operate in the

future, including the price of metals, the ability to achieve its goals, the ability to secure equipment

and personnel to carry out work programs, that general business and economic conditions will not

change in a material adverse manner and that financing will be available if and when needed and on

reasonable terms. Such forward-looking information reflects the Company's views with respect to

future events and is subject to risks, uncertainties and assumptions, including the risks and

uncertainties relating to the interpretation of exploration results, risks related to the inherent

uncertainty of exploration and cost estimates and the potential for unexpected costs and expenses

and those other risks filed under the Company's profile on SEDAR at

www.sedarplus.ca

. There is a

possibility that future exploration, development or mining results will not be consistent with the

Company's expectations. Factors that could cause actual results to differ materially from those in

forward looking statements include, but are not limited to, continued availability of capital and

financing and general economic, market or business conditions, failure to secure personnel and

equipment for work programs, adverse weather and climate conditions, failure to obtain or maintain

all necessary government permits, approvals and authorizations, decrease in the price of gold,

copper, uranium and other metals, failure to obtain or maintain community acceptance (including

First Nations), increase in costs, litigation, and failure of counterparties to perform their contractual

obligations. The Company does not undertake to update forward–looking statements or forward–

looking information, except as required by law.

SOURCE

SKRR Exploration Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/August2024/19/c5710.html

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For further information:

Sherman Dahl, President & CEO, Tel: 250-558-8340

CO: SKRR Exploration Inc.

CNW 19:38e 19-AUG-24