Skyharbour Announces Additional Uranium Property Staking Increasing Total Portfolio to Over 662,000 Hectares in the Athabasca Basin, Saskatchewan Vancouver, BC - Skyharbour Resources Ltd . (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt:
Suite 1030 – 505 Burrard Street, Vancouver, BC, Canada, V7X 1M5
www.skyharbourltd.com
TSX-V Trading Symbol: SYH
Email: [email protected]
Telephone: (604) 558-5847
Facsimile: (604) 687-3119
January 8th, 2026
NEWS RELEASE
Skyharbour Announces Additional Uranium Property Staking Increasing Total Portfolio to
Over 662,000 Hectares in the Athabasca Basin, Saskatchewan
Vancouver, BC - Skyharbour Resources Ltd . (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt:
SC1P) (“Skyharbour” or the “Company”), is pleased to announce that it has acquired by low-cost
staking forty new prospective uranium exploration claims in Northern Saskatchewan , increasing
Skyharbour’s total land package that it has ownership interest in to 662,887 hectares (1,638,029
acres) across 43 projects. The newly staked claims, which are 100% owned by the Company, add
64,913 hectares (160,403 acres) to Skyharbour’s existing holdings in and around the Athabasca
Basin, home to the highest -grade uranium deposits in the world and consistently ranked as a top
global mining jurisdiction by the Fraser Institute. While Skyharbour remains focused on advancing
its co -flagship Russell Lake project portfolio, recently joint-ventured with Denison Mines, and its
100% owned Moore Project, these new claims will form part of the Company’s prospect generator
business through which Skyharbour will seek strategic partners to advance and unlock value from
these assets.
Skyharbour’s New Uranium Project Portfolio Map:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2025-12-16.jpg
List of New Claims:
• Carter North Project – 10 new claims totalling 36,393 ha
• Rover Project – 1 new claim totalling 793 ha
• East Dufferin Project – 1 new claim/project totalling 1,451 ha
• Brustad Project – 1 new claim/project totalling 791 ha
• 914 Project – 4 new claims totalling 2,898 ha
• Elevator Project – 4 new claims totalling 1,742 ha
• Pendleton Project – 1 new claim totalling 1,448 ha
• Yurchison Project – 16 new claims totalling 16,966 ha
• Tarku Project – 1 new claim totalling 2,384 ha
• South Dufferin Project – 1 new claim totalling 49 ha
Summary of Recently Staked Properties:
Carter North:
The newly staked Carter North Project consists of ten mineral claims, nine of which are contiguous,
with one standalone claim, totaling 36,393 hectares. The project is located in the western Athabasca
Basin, adjacent to Cameco’s North Williams Project, approximately 35 kilometres northeast of
NexGen Energy’s Arrow Deposit and 164 kilometres north of the community of La Loche. The project
is underlain by approximately 800 to 965 metres of Athabasca Basin sandstones and conglomerates
overlying the Tantano Domain. The property covers interpreted extensions of the Patterson Lake,
Derkson and Carter conduct ive corridors and is located along strike to the northeast of the Arrow
and Triple R deposits.
Carter North Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_CarterNorth.jpg
The project area has undergone a variety of historical exploration programs periodically between
1969 and 2023, consisting mostly of airborne radiometrics, EM (Input, GEOTEM, MEGATEM, ZTEM,
and Mobile MT ), ground gravity surveying, as well as prospecting, soil sampling, lake sediment
sampling and boulder sampling. Two drill holes have been completed on the property, only one of
which (BL-08-01) intersected the sandstone–basement unconformity. This hole returned 155 ppb Au
over 0.5 metres in a sample collected immediately above the basal unconformity within Athabasca
sandstone (SMDI 3075). This gold anomaly is considered significant, as gold enrichment can be
associated with unconformity-related uranium mineralizing systems in the Athabasca Basin.
In addition, a historical lake sediment geochemical survey completed in 1980 reported a highly
anomalous uranium value of 240 ppm U in sample SLB -80-69 (AF 74K02-0013), collected at a
reconnaissance scale of approximately one sample per square kilometre, confirming a strong
uranium anomaly on the property.
The most recent exploration work conducted on the Carter North property consisted of a MobileMT
survey in 2023 by Stallion Uranium, which detected numerous basement conductors on the Carter
North property, including trends interpreted as the extensions of the Patterson Lake, Carter, and
Derksen trends , which are host to some of the world’s highest -grade uranium deposits to the
southwest along trend, including the Arrow and Triple R uranium deposits.
Rover:
The newly staked Rover Project consists of a single claim totalling approximately 793 hectares
located approximately 40 kilometres east of Cameco’s McArthur River Mine, 31 kilometers southeast
of the Cigar Lake Mine, and 68 kilometers west of the community of Wollaston Lake. Historical
exploration extended over a long-time span, from the late 1960’s through the early 1990’s, with most
of the work being completed in the 1970 ’s. The property is located within the Athabasca Basin and
is underlain by a shallow cover of Athabasca Group Sandstone s, which in turn overly the
Paleoproterozoic metasedimentary rocks of the Wollaston Supergroup.
Rover Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_Rover.jpg
In 1994, Cameco conducted two ground prospectivity surveys on the property, targeting Pb-Zn-Ni
anomalies. More recent work included airborne geophysics (VTEM and Horizontal Magnetic
Gradiometer surveys) conducted by Phalanx Disposition Ltd. on behalf of Athabasca Uranium Inc .
in 2013. In addition, Abasca Miner als and Athabasca Uranium completed a 455 line -kilometer
HeliFALCON Gravity survey over two grids on the propert y. One drill hole (4675-001-79) was
completed on the property in 1979, intersecting 133.7m of Athabasca sandstone, with a total depth
of 151.5m. Aside from this single hole, the property remains largely untested by diamond drilling.
East Dufferin:
The East Dufferin Project consists of a single newly staked claim totalling 1,451 ha and is located
immediately south of the southern margin of the Athabasca Basin in northern Saskatchewa n,
approximately 4 km west of Skyharbour’s South Dufferin project, which is currently under option to
UraEx Resources. The project is underlain by Paleoproterozoic metasedimentary gneisses of the
Mudjatik Domain overlying Archean granitoid gneisses and is situated immediately to the east of the
Virgin River Shear Zone, which hosts the Centennial Zone uranium deposit approximately 26 km to
the north of the East Dufferin project.
East Dufferin Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_EastDufferin.jpg
Exploration work on the property between 1969 and 2010 included a variety of airborne EM, gravity,
magnetic, and radiometric surveys , as well as ground magnetic and EM surveys, surficial
geochemical sampling (including lake and stream water, lake sediment and vegetation sampling),
prospecting and geological mapping . The most recent work consisting of ZTEM and airborne full
tensor gravity (FTG) surveys completed by JNR Resources in 2009 and 2010. Prior exploration
identified a broad zone of increased conductivity and moderate magnetic activity associated with a
magnetic linear feature on the East Dufferin project, situated between strong EM conductors located
just off the property to the north and east.
Brustad Project:
The Brustad project consists of one newly staked mineral claim totaling 791 hectares, located
approximately 21 km east of Skyharbour’s South Dufferin property. The property is located just south
of the southern Athabasca Basin margin in the Mudjatik Domain of northern Saskatchewan, with the
basement rocks underlying the property including Archean granitoid gneisses and subordinate
Paleoproterozoic metasedimentary gneisses.
Brustad Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_Brustad.jpg
Historical e xploration on the property includes airborne electromagnetics (AFMAG, MobileMT,
GeoTEM, Input), magnetic and radiometric surveys, and limited prospecting, mapping, vegetation,
and lake sediment sampling . No drilling has taken place on the project, but recent airborne
geophysical surveys identified a north-south trending EM conductor running alongside the western
edge of the property adjacent to a NW trending aeromagnetic low.
914 and Elevator Projects:
The 914 and Elevator Projects now comprise a total of thirteen mineral claims forming two contiguous
claim blocks, covering 13,785 hectares. The 914 Project consists of seven contiguous claims totaling
4,031 hectares including four newly staked claims totaling 2,898 hectares. The Elevator Project
consists of six contiguous claims totaling 9,754 hectares including four newly staked claims totaling
1,742 hectares. Both projects are located 35 to 55 km south of Cameco’s Key Lake Operation. The
914 Project lies 1 km east of Provincial Highway 914, while the Elevator Project is 12 km east of
Highway 914, which provides access to the properties from southern Saskatchewan.
914 and Elevator Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_914.jpg
Geological mapping and prospecting completed on and in the vicinity of the properties indicate that
they are underlain by Wollaston Supergroup metasedimentary gneisses and Archean granitic to
tonalitic gneisses of the Western Wollaston Domain, a geological setting known for basement-
hosted, unconformity-related uranium mineralization elsewhere in the Athabasca Basin.
Extensive exploration was carried out on and around the properties during the 1970’s, including
magnetic, gravity, and electromagnetic surveys, geological mapping, prospecting, and boulder and
sediment sampling. Modern work has been limited, consisting of partial airborne VTEM coverage,
light ground prospecting, and lake sediment sampling. The newly staked claims are positioned along
the margins of regional-scale fold structures, with recent airborne magnetic data revealing additional
geological complexity not captured in earlier mapping. Multiple uranium and REE showings exist in
the surrounding area around the claims. The same basement rocks found on the 914 and Elevator
Projects host unconformity-related and pegmatite-hosted uranium, thorium, and REE mineralization,
and fault-hosted flake graphite elsewhere in the region.
Pendleton:
The Pendleton Project consists of four non-contiguous mineral claims totalling 5,338 ha including
one recently staked claim totalling 1 ,448 ha, and is located approximately 70 km southeast of
Cameco’s Key Lake Operation and 114 km northwest of the community of Southend. The Pendleton
project lies along the Needle Falls Shear Zone at the boundary between the eastern Wollaston
Domain and the western Peter Lake Domain. It is underlain by the Wollaston Supergroup
metasedimentary rocks including psammopelitic, p elitic, and graphitic pelitic gneisses, as well as
mylonitic and cataclastic rocks of the Needle Falls Shear zone and Archean granitoid gneisses,
diorites, and gabbros of the Johnson River Inlier and Swan River Complex.
Pendleton Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_Pendleton.jpg
The initial exploration work on the project was conducted in the 1970 ’s and 1980 ’s, consisting of
airborne magnetic, radiometric, and EM surveys, as well as prospecting and geochemical sampling.
Additional modern exploration included an airborne GEOTEM survey in 2004, ground prospecting
and geochemical sampling. A single drill hole (PL-003) completed following the 2007 HLEM survey
intersected faulted and sheared graphitic pelitic gneiss and returned anomalous concentrations of
several pathfinder elements. The project is considered prospective for basement -hosted,
unconformity-related uranium deposits, as well as pegmatite-hosted U-Th-REE mineralization and/or
sediment-hosted Pb-Zn-Cu mineralization.
Yurchison:
The Yurchison Project has been expanded through the staking of sixteen additional mineral claims
totaling 16,966 hectares, increasing the project’s total land package to 35,029 hectares. The
expanded project consolidates the former Yurchison and Spence properties into a single land
package. The Yurchison Project is located approximately 75 to 85 km south of Cameco’s Rabbit
Lake operation, with Highway 905 located within 1 km of the westernmost claims. The project is
underlain by Wollaston Supergroup metasedimentary gneisses, including psammopelitic to pelitic
gneisses, graphitic pelitic gneisses adjacent to Archean granitic gneisses in the Eastern Wollaston
Domain.
Yurchison Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_Yurchison.jpg
The project area has seen significant historical exploration including airborne electromagnetic,
magnetic, and radiometric surveys , as well as ground magnetic, EM, IP, and gravity surveys,
prospecting, geological mapping, geochemical sampling, and drilling . The drilling was primarily
conducted between the 1960’s and 1980’s with additional work completed in the mid -1990’s and
2000’s. The historical exploration on the eastern side of the property was largely focused on
exploring SEDEX-style Pb-Zn mineralization following the discovery of the historic George Lake Pb-
Zn Deposit adjacent to the property.
The majority of the work on the property was completed before 2000, with minimal follow -up since,
and most of the property remains underexplored. There are several uranium, molybdenum, and
thorium showings on the project, which remains highly prospective for both basement -hosted
uranium, pegmatite -hosted U-Th-REE, and sediment -hosted Cu -Pb-Zn mineralization. The most
recent work on the property included airborne EM (VTEM and VLF-EM), magnetics, and radiometrics
surveys flown in 2022 and 2023.
Tarku Project:
The Tarku Project consists of three claims, totalling 8,262 ha, including one newly staked claim
covering 2,384 ha, and is located adjacent to Skyharbour’s South Dufferin Project, which is currently
under option to UraEx Resources. The property covers the southern extension of the Virgin River
Shear Zone, which hosts high -grade uranium mineralization at Cameco’s Dufferin Lake zone,
approximately 32 kilometres to the north, with drill results of 1.73% U3O8 over 6.5 metres, and the
Centennial deposit, approximately 47 kilometres to the north, which includes historical drill
intersections of 8.78% U3O8 over 33.9 metres.
Tarku Project Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_Tarku.jpg
Historical exploration on the property includes airborne EM, magnetic, and radiometric surveys, lake
water and sediment sampling, prospecting, ground -truthing of anomalies, geological mapping, and
diamond drilling. The project offers strong potential for b asement-hosted, unconformity -related
uranium mineralization along the Virgin River Shear Zone trend.
South Dufferin:
The South Dufferin Project has been expanded through the staking of one additional mineral claim
totaling 49 hectares, increasing the project’s total land package to 39,398 hectares across 25 claims.
The South Dufferin project is located immediately south of the Athabasca Basin in northern
Saskatchewan and covers the southern extension of the Virgin River Shear Zone, which hosts known
high-grade uranium mineralization at Cameco’s Dufferin Lake zone approximately 13 kilometres to
the north and Cameco’s Centennial deposit approximately 25 kilometres to the north. In October of
2024, Skyharbour entered into an option agreement with a private company, UraEx Resources Inc.,
whereby UraEx may acquire up to a 100% interest in the Company’s South Dufferin Uranium Project.
South Dufferin Property Map:
https://www.skyharbourltd.com/_resources/images/SkyHarbour_SouthDufferin.jpg
Historical exploration work on South Dufferin consists of airborne EM, magnetic, gravity and
radiometric surveys, lake water and sediment sampling, prospecting and ground-truthing of airborne
anomalies, geological mapping, and diamond drilling. Some of the historical drill holes intersected
elevated uranium with locally anomalous base metal and boron concentrations as well as significant
clay alteration.
Exploration potential exists for basement-hosted uranium mineralization associated with the Dufferin
Lake fault and parallel faults within the Virgin Lake Shear zone. With numerous mineralized showings
to the north of the project, exploration efforts at So uth Dufferin have advanced the project to a
discovery-ready state. The project is drill-ready with several prospective targets warranting follow up
work, and most recently underwent diamond drilling by Skyharbour’s partner UraEx in the summer
of 2025.
*SMDI refers to the Saskatchewan Mineral Deposits Index and “AF” refers to Saskatchewan Mineral
Assessment File.
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 Exploration for Skyharbour as well as a Qualified Person.
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
forty-three projects covering over 662,887 hectares (1,638,029 acres) of land. Skyharbour owns 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 at the
Maverick Zone highlighted by drill results of up to 6.0% U 3O8 over 5.9 metres , including 20.8%
U3O8 over 1.5 metres at a vertical depth of 265 metres. Adjacent to Moore, Skyharbour is advancing
several uranium properties within the Russell Lake project area with its joint venture partner and
large strategic shareholder Denison Mines. Collectively these projects host multiple zones of
uranium mineralization across a highly prospective land package with significant exploration upside,
and the Company is actively working these assets 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 914 W 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 potentially over $76 million in partner-funded exploration expenditures and over
$42 million in cash and share payments coming into Skyharbour, assuming that these partner
companies complete the earn-ins at their 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_2025-12-16.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
Corporate Communications Manager
Skyharbour Resources Ltd.
Telephone: 604-558-5847
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: [email protected]
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF
THIS NEWS 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, completing ongoing and planned
work on its projects including drilling and the expected timing of such work programs, other
statements relating to the technical, financial and business prospects of the Company, its projects
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 o ccur, 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 ma terially 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 uranium, the ability to achieve its goals, that general business and economic conditions
will not change in a material adverse manner, 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 filed under the Company’s profile on SEDAR+ at www.sedarplus.ca. 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, adverse weather or c limate conditions, failure to obtain or maintain all necessary
government permits, approvals and authoriz ations, failure to obtain or maintain community
acceptance (including First Nations), decrease in the price of uranium and other metals, 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.