SYH:TSX.V; SA:NYSE.MKT

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 six drill-ready projects. 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 at the Maverick Zone with drill results returning up to 6.0% U3O8 over 5.9 metres including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres.
Skyharbour has option agreements with Orano Canada Inc. and Azincourt Energy whereby Orano and Azincourt can earn in up to 70% of the Preston Project through a combined $9,800,000 in total exploration expenditures, as well as $1,700,000 in total cash payments and 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 owns a 100% interest in the South Falcon Uranium Project on the eastern perimeter of the Basin which contains a 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%. Recently, Skyharbour signed a Definitive Agreement with Australian company Pitchblende Energy, which is being acquired by ASX-listed Valor Resources, on the North Falcon Uranium Project whereby Pitchblende can earn-in 80% of the project through $3,500,000 in total exploration expenditures and $475,000 in total cash payments over three years as well as shares in the company.
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

SYH:TSX.V SA:NYSE.MKT

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Expert Comments:

Athabasca Uranium Junior Skyharbour Resources Well Positioned for Sector Liftoff
(4/8/21)

Skyharbour Resources CEO Jordan Trimble speaks with Peter Epstein of Epstein Research to discuss the uranium market and provide an update on his company's Canadian projects.

'Catalysts, Catalysts and Even More Catalysts' for Canadian Uranium Explorer
(3/15/21)

Jordan Trimble, CEO of Skyharbour, talks with Maurice Jackson of Proven and Probable about exploration progress being made at his company's uranium assets in Canada's Athabasca Basin.

Explorer's Partner Completes Earn-In Interest and Forms JV for Athabasca Basin Uranium Project
(2/18/21)

Skyharbour Resources reported that its partner Azincourt Energy completed its 70% earn-in interest and formed a joint-venture with Skyharbour for the East Preston Uranium Project in northern Saskatchewan.

Geophysical Survey Identifies Drill Targets at Athabasca Uranium Project
(1/19/21)

Skyharbour Resources' partner Azincourt Energy carried out this work at East Preston.

Explorer Reports Final Fall 2020 Drill Results from Uranium Asset
(1/9/21)

Skyharbour Resources drills the second of the two longest, continuous intercepts of uranium mineralization discovered at the Moore project.

Company Options Uranium Project Interest in Northern Saskatchewan
(12/9/20)

Skyharbour Resources is optioning an 80% stake in its North Falcon Point uranium project.

Explorer Expands High-Grade Zone at Athabasca Uranium Project
(12/4/20)

Through a 'breakthrough hole,' Skyharbour Resources encounters the longest continuous intersection of uranium mineralization to date at Moore.

Start of Geophysical Exploration Imminent at Athabasca Uranium Project
(11/25/20)

Skyharbour Resources' partner engages a firm to carry out the program at East Preston.

Uranium Explorer Expects Supply-Side Shortfalls to Drive U3O8 Prices Higher
(11/25/20)

In conversation with Maurice Jackson of Proven and Probable, Jordan Trimble, the CEO of Skyharbour Resources, offers his take on the post-pandemic uranium market and the latest news from his company.

Small Cap to Option 80% of Uranium Project in Saskatchewan's Athabasca
(10/26/20)

For the ownership stake, the agreement calls for Skyharbour Resources to receive CA$425,000 in cash and the buyer to spend CA$3.5 million for exploration and issue 250 million shares over three years.

Siddharth Rajeev, Fundamental Research Corp.

(7/7/20)

"Skyharbour Resources Ltd. recently completed a 2,328m, six-hole drill program on its flagship Moore uranium project. . .hole 20-04, drilled 50m east of the previously defined Maverick East zone, intercepted 4.5m of 0.38% U3O8. . .as work is ongoing at all of the company's core properties, we expect a number of catalysts for Skyharbour's share price this year."

Gerardo Del Real, Junior Mining Monthly

(6/30/20)

"Skyharbour Resources Ltd. announced results from its 2020 winter-spring diamond drilling program at its 100%-owned, 35,705-hectare Moore uranium project. . .the highlight hole from the eight-hole program was ML20-04, which doubled the known strike extent of the Maverick East zone. The interval returned 4.5m of 0.38% U3O8 with a basal high grade basement intercept returning 0.5m of 1.43% U3O8."

Thibaut Lepouttre, Caesars Report

(6/23/20)

"Skyharbour Resources Ltd.'s hole 4 which was drilled the furthest to the east at the Moore uranium project was now successful in doubling the strike length of Maverick East to 100m. . .the company is now gearing up for a fully funded 2,500m summer drill program which will continue to drill test the high priority zones along the Maverick corridor with a specific focus on untested conductive corridors and underlying feeder zones."

Thibaut Lepouttre, Caesars Report

(5/16/20)

"Skyharbour Resources Ltd. has closed a previously unannounced placement to raise CA$1.68M in a mix of hard dollars and flowthrough dollars which will further boost the company's cash and working capital position. About 5.36M hard dollar units were issued at CA$0.15 and 4.86M flowthrough units were issued at CA$0.18, with each unit consisting of one common share and a full warrant with a strike price of CA$0.22."

Fundamental Research Corp.

(4/20/20)

"Skyharbour Resources Ltd. and its partner have decided to extend the deadline for Azincourt Energy (to March 31, 2021) to meet the remaining obligations to acquire a 70% interest in the East Preston uranium project. . .in consideration for the extension, Azincourt has agreed to issue 2.5M shares each to Skyharbour and its partner."

More Expert Comments

Gerardo del Real, Junior Mining Monthly (3/31/20) "One uranium company keeping busy is Skyharbour Resources Ltd. On March 9, 2020, it announced its option partner Orano Canada has commenced its exploration programs at the Preston uranium project. . .Skyharbour and Dixie Gold entered into an option agreement with Orano Canada whereby Orano Canada has an option to acquire up to a 70% working interest in the Preston uranium project."

	Thibaut Lepouttre, Caesars Report (2/27/20) "Skyharbour Resources Ltd. has announced it has started its winter drill program at its Moore uranium project. . .the company plans to drill a total of 2,500m in seven to nine holes where it has done additional work to upgrade the 'interesting' zones to high priority drill targets. . .it will focus on these high priority drill targets along the 4 km long structural corridor at Maverick with a focus on basement rock-hosted targets."

Thibaut Lepouttre, Caesars Report (2/13/20) "Skyharbour Resources Ltd. announced it has started its winter drill program on its Moore uranium project. . .the company plans to drill a total of 2,500m in seven to nine holes where Skyharbour has done additional work to upgrade the 'interesting' zones to high-priority drill targets."

Thibaut Lepouttre, Caesars Report (12/17/19) "Skyharbour Resources Ltd. has just been able to raise CA$1.8M. . .the company can go ahead with all of its planned exploration activities on the Moore uranium project. Meanwhile, its joint venture partners Orano and Azincourt Energy are also planning to complete quite a bit of work on their respective properties as well, which means this winter season should once again provide Skyharbour with plenty of news flow."

Thibaut Lepouttre, Caesars Report (12/17/19) "Skyharbour Resources Ltd. will continue to advance on three different fronts: its own Moore uranium project and two projects (Preston and East Preston) where respectively Orano and Azincourt Energy are working towards a potential discovery of high-grade uranium. . .with a current share count of 75.4M, Skyharbour's market capitalization of around CA$12M and enterprise value of around CA$10M are intriguing considering the company and its partners are advancing three separate projects."

Nick Hodge, Nick's Notebook (11/19/19) "Skyharbour Resources Ltd. has previously discovered high-grade uranium mineralization in the underlying basement rock at the project, along a 4 kilometer long structural corridor, including 6% U3O8 over 5.9m. . .the upcoming drill program will test targets along that known corridor, as well as prospective regional targets that have been selected. The company also has two other projects in the basin that partners are drilling."

	Thibaut Lepouttre, Caesars Report (10/9/19) "The aerial survey over Skyharbour Resources Inc.'s Moore uranium project has identified several drill targets outside of the 2 km strike length that has already been drilled to date, and some of these new targets will be drilled in the upcoming winter drill program. The company is aiming to drill 2,500m to test the basement targets as well as the nonconformity targets at Moore, and it has provided an extensive explanation of the three targets it would like to drill: Maverick East, the Northeast extension of the Maverick structural corridor and the Otter target."

Gerardo Del Real, Junior Mining Monthly (7/31/19) "On July 8, 2019, Skyharbour Resources Ltd. announced the commencement of an unmanned aerial vehicle magnetometer (UAV-MAG) survey to be completed by Pioneer Aerial Surveys on the company's flagship 35,705-hectare Moore uranium project. . .this latest survey will consist of approximately 402 line km at 20m spacing. . .Skyharbour is a Buy at these levels."

	Thibaut Lepouttre, Caesars Report (6/20/19) "Skyharbour Resources Ltd. has completed its spring drill program which consisted of 2,783m in seven drill holes. . .the headline result was encountered in the one hole (hole 19-06) that was drilled on the Maverick East zone, toward the most eastern point of the exploration target. The drill bit encountered 12m containing 0.62% U3O8, including a higher-grade zone of 2.31% U3O8 over a 2.5m interval."

Experts Following This Company

	Peter Epstein, CFA – Epstein Research
	Maurice Jackson, Founder – Proven and Probable
	Thibaut Lepouttre, Editor – Caesars Report
	Siddharth Rajeev, Analyst – Fundamental Research Corp.
Chris Thompson, Mining Analyst – PI Financial

Company News

4/12/2021 – Skyharbour Closes $3.06 Million Private Placement of Flow-Through Units

3/26/2021 – Orano Canada Inc. ("Orano") Completes First Earn-In Option and Forms Joint Venture with Skyharbour at the Preston Uranium Project

3/23/2021 – Skyharbour's Partner Company Azincourt Energy Reports 2021 Winter Drill Program Shut Down Due to Warm Weather on The East Preston Uranium Project

3/17/2021 – Skyharbour Commences Exploration and Mobilizes for Upcoming Drill Program at its High Grade Moore Uranium Project, Saskatchewan

3/4/2021 – Skyharbour Resources Receives $1.4 Million from Exercise of Warrants

3/2/2021 – Skyharbour's Partner Company Valor Initiates Phase I Work at Hook Lake Uranium Project; Skyharbour to Participate in Red Cloud's 2021 Pre-PDAC Mining Showcase and Exhibiting at PDAC 2021 Convention

2/24/2021 – Skyharbour's Partner Company Azincourt Energy Begins 2021 Drill Program at The East Preston Uranium Project

2/19/2021 – Skyharbour's Partner Company Azincourt Energy Reports Drill Mobilization at The East Preston Uranium Project

2/17/2021 – Skyharbour's Partner Company Azincourt Energy Completes Earn-In of Interest and Forms Joint-Venture with Skyharbour at the East Preston Uranium Project

2/10/2021 – Skyharbour's Partner Company Azincourt Energy Provides Update on 2021 Winter Drill Program at The East Preston Uranium Project

1/21/2021 – Skyharbour's Partner Company Azincourt Energy 2021 Winter Drill Program Preparations Underway at East Preston Uranium Project

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Investing Highlights

	Top tier Athabasca Basin uranium project portfolio including high-grade flagship Moore project with robust discovery upside potential
	Acquiring projects at attractive valuations and using the prospect generator and JV model to advance secondary projects
	Strong management and geological team with track record of success; strategic partnerships with Denison and Orano

catalyst Calendar

Q2 2021	Uranium market recovery gaining momentum
Q3 2021	Continued drilling at 100% owned Moore project focused on new basement rock hosted targets
Q3 2021	JV’s and earn-in options with strategic partners funding exploration at other projects