Skyharbour Commences 2,500m Summer Diamond Drill Program at its Moore Uranium Project, Saskatchewan

Suite 1610 – 777 Dunsmuir Street, Vancouver, BC, Canada, V7Y 1K4

www.skyharbourltd.com

TSX-V Trading Symbol: SYH

Email: [email protected]

Telephone: (604) 687-3376

Facsimile: (604) 687-3119

August 29th, 2017

News Release

Skyharbour Commences 2,500m Summer Diamond Drill Program at its

Moore Uranium Project, Saskatchewan

Vancouver, BC - Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQB: SYHBF) (Frankfurt:

SC1P) (the “Company”) is pleased to announce it has commenced its summer 2017 drill program

at its flagship 35,705 hectare Moore Uranium Project, located approx. 15 kilometres east of

Denison Mine's Wheeler River project and near regional infrastructure on the southeast side of

the Athabasca Basin, Saskatchewan. The Company is planning to carry out a minimum of 2,500

metres in seven to nine diamond drill holes through September to follow up on the success of the

winter 2017 drill program with planned drill targets located on the Maverick corridor as well as at

other high-priority regional targets.

Moore Uranium Project Claims Map:

http://skyharbourltd.com/_resources/maps/MooreLakeRegionalTenure.jpg

Jordan Trimble, President and CEO of Skyharbour Resources, states: “The commencement of

our second diamond drill program at our flagship Moore Uranium Project is an important milestone

for Skyharbour and its shareholders. The high-grade uranium mineralization discovered during

the winter program earlier this year illustrates the strong discovery potential at the project. We will

be drill testing the Maverick corridor as well as several other shallow, regional exploration targets

that offer the potential to generate additional discoveries. The Company is well funded with over

$3.5 million in the treasury to complete this drill program , as well as next winter’s planned drill

program, and will provide updates as results become available.”

Summer 2017 Dill Program at the Moore Uranium Project:

Given the success of Skyharbour’s first phase of drilling at the Moore Project in the winter of 2017,

the Company has now commenced a minimum 2,500 metre summer drill program. Drill targets

will include several high-priority regional targets at the property as well as the Maverick corridor

where previous drilling has intersected high grade uranium mineralization at the Main Maverick

Zone including 6.0% U 3O8 over 5.9 metres at 265 metres depth in hole ML-199, as well as the

discovery of new, high-grade mineralized lenses along strike from this Main Maverick Zone. The

Maverick corridor is over 4 kilometres long yet only 1.5 kilometres have been systematically drilled

with most of this drilling and known high grade uranium hosted at or near the unconformity leaving

strong discovery potential along strike as well as at depth in the basement rocks. The Company

has received the necessary permits and is fully funded for this drill program.

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Moore Uranium Project Regional Drill Targets Map:

http://skyharbourltd.com/_resources/maps/Moore-Lake-Property-Wide.jpg

The regional drill targets that will be tested are on the eastern side of the property in a previously

undrilled area. They are associated with geophysical features including EM conductors, resistivity

lows and magnetic lows that are characteristic to uranium mineralization in the Athabasca Basin.

They are also along strike of conductive zones identified in the Puka Puka and East Venice grids.

Prior drill testing at some of these areas returned highly anomalous pathfinder elements as well

as low grade uranium mineralization. Of special interest with respect to the regional targets are a

couple of drill holes planned to test recently interpreted geophysical targets at the unconformi ty

and in the basement rock beneath the “Moore Lake Complex”, a mafic intrusive interpreted to be

on the order of 200 metres thick.

Winter 2017 Dill Program Results at Moore Uranium Project:

Skyharbour previously reported results from its 5,450 metre, 15 drill hole, winter 2017 diamond

drilling program at its Moore Uranium Project (see May 23 rd, 2017 news release). Multiple drill

holes intersected high-grade uranium mineralization at the 4 kilometre long Maverick structural

corridor. Previously reported high grade results included 20.8% U3O8 over 1.5 metres within an

interval returning 6.0% U3O8 over 5.9 metres in hole ML-199; 9.12% U3O8 over 1.4 metres within

an interval returning 4.17% U3O8 over 4.5 metres in hole ML-202; 5.29% U3O8 over 2.5 metres

within an interval returning 2.99% U3O8 over 5.0 metres in hole ML-200; and 2.25% U3O8 over

3.0 metres in hole ML-208. This high-grade mineralization within the Maverick corridor is relatively

shallow ranging from 250 metres to 275 metres v ertical depth. Also of note is that hole ML -202

represents the discovery of a new high-grade mineralized lens on the corridor.

Moore Uranium Project Winter 2017 Drill Program Map:

http://skyharbourltd.com/_resources/projects/Moore-Lake-Drilling-Update_20170515.pdf

Qualified Person:

The technical information in this news release has been prepared in accordance with the

Canadian regulatory requ irements set out in National Instrument 43 -101 and reviewed and

approved by Richard Kusmirski, P.Geo., M.Sc., Skyharbour’s Head Technical Advisor and a

Director, as well as a Qualified Person.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium and thorium exploration projects in Canada's

Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals

with five drill-ready projects. In July 2016, Skyharbour acquired an option from Denison Mines, a

large strategic shareholder of the Company, to acquire 100% of the Moore Uranium Project which

is located approx. 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 with drill results returning

6.0% U3O8 over 5.9 metres including 20.8% U3O8 over 1.5 metres at a vertical depth of 265

metres. Skyharbour recently signe d option agreements with AREVA Resources Canada and

Azincourt Uranium whereby AREVA and Azincourt can earn in 70% on the Preston Project

through a combined $9,800,000 in total exploration expenditures, as well as $1,700,000 in total

cash payments and 4,500 ,000 Azincourt shares. Preston is a large, geologically prospective

property proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow

deposit. The Company also owns a 100% interest in the Falcon Point Uranium Project on the

eastern perimeter of the Basin which contains an NI 43-101 inferred resource totaling 7.0 million

pounds of U3O8 at 0.03% and 5.3 million pounds of ThO2 at 0.023% . The project also hosts a

high-grade surface showing with up to 68% U3O8 in grab samples from a massiv e pitchblende

vein, the source of which has yet to be discovered. The Company's 100% owned Mann Lake

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Uranium project on the east side of the Basin is strategically located adjacent to the Mann Lake

Joint Venture operated by Cameco, where high -grade uranium mineralization was recently

discovered. 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:

http://skyharbourltd.com/_resources/SYH_Landpackage_2014.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:

Nick Findler

Corporate Development and Communications

Skyharbour Resources Ltd.

Telephone: 604-639-3850

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.

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 forwa rd-looking statements. 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 results 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, continued

availability of capital and financing, and general economic, market or business conditions. Please see the

public filings of the Company at www.sedar.com for further information.