Dr. Nathan Chutas reports

SKELETON COAST URANIUM APPOINTS PRACTARA TO COMPLETE NI 43-101 TECHNICAL REPORTS FOR FIVE NAMIBIAN EXCLUSIVE PROSPECTING LICENCES

Skeleton Coast Uranium Corp. has appointed Practara Pty. Ltd. to complete National Instrument 43-101 technical reports for each of the company's five exclusive prospecting licences (EPLs), located in the Erongo region of Namibia, the world's third-largest uranium producer and a recognized Tier 1 supplier to global utilities.

EPL 8208EPL 8208 covers approximately 7,840.7 hectares and is adjacent to and directly north of the Langer Heinrich mine, approximately 100 kilometres east of the Port of Walvis Bay. Historical radiometric surveys on EPL 8208 reportedly identified anomalous uranium responses over river sediment areas where carnotite mineralization occurs in fracture systems. Historical (non-NI 43-101 compliant) reports reference uranium values of up to 260 grams per tonne (g/t) U3O8 in localized zones and historical drilling peripheral to the property within palaeo valley systems reportedly identified uranium mineralization in isolated zones at grades reported to be less than 100 g/t U3O8. These historical results have not been verified by a qualified person, are considered historical in nature and should not be relied upon. Verification through further exploration will be required before any exploration target or mineral resource can be defined.

EPL 8617EPL 8617 covers approximately 10,941.4 hectares and is located east of the Rossing mine within Namibia's Alaskite Alley, a highly productive uranium-bearing structural corridor in the central zone of the Damara belt. EPL 8617 is reported in historical records to host intrusive-related uranium mineralization. Historical descriptions reference intrusive mineralization associated with alaskitic intrusions emplaced within schistose metasedimentary host rocks of the Damara Supergroup. Historical exploration results referenced above have not been verified by a qualified person, are considered historical in nature and should not be relied upon. Verification through further exploration will be required before any exploration target or mineral resource can be defined.

EPL 9727EPL 9727 covers approximately 12,081.1 hectares, and lies approximately three kilometres north of EPL 8208 at its nearest point and approximately 150 kilometres east of Swakopmund via the C28 road. Approximately 50 per cent of the licence area sits within the Namib-Naukluft National Park, with the remainder over the farms Geluk 116, Jackalswater 220 and Modderfontein 131. A dual prospectivity model has been defined on EPL 9727: the northeastern sector is interpreted as prospective for secondary calcrete-hosted uranium mineralization developed within Miocene to recent palaeochannel fill of the Gawib drainage system, analogous to the Langer Heinrich and Bloedkoppie formations; the southwestern sector is prospective for primary intrusive-associated uranium mineralization hosted in Bloedkoppie leucogranite and uraniferous pegmatites emplaced within Nosib and Swakop Group metasediments of the Damara Supergroup.

Namibia

According to the World Nuclear Association, Namibia hosts approximately 5 per cent of the world's total, recoverable uranium resources and is responsible for producing approximately 10 per cent of mined uranium output, making it an important player in the global uranium supply chain. The U.S. Department of State and the U.S. Trade and Development Agency (USTDA) recently expressed interest in working with Namibia to secure uranium supply chains and the infrastructure needed to expand uranium production in the country. Uranium is Namibia's largest commodity export with approximately 80 per cent of 2024 mined production exported to China and less than 10 per cent to the United States (World Integrated Trade Solutions).

Practara

Practara, a metals and mining advisory firm headquartered in South Africa, continues to analyze, digitize and model all available historical data on Skeleton Coast Uranium's five EPLs, which combined cover approximately 61,000 hectares or 610 square kilometres. Practara has been digitizing available maps and reports of historical geophysical surveys, geochemical sampling, mapping and drilling that are proximal or within EPLs to better understand the geologic setting and prospectivity of each of the EPLs, with an initial focus on EPL 8208 and EPL 8617. Work to date has identified exploration targets for alaskite-hosted uranium and secondary palaeochannel-hosted uranium.

"Review of the available geophysics and regional geology shows target areas that merit follow-up. We are evaluating fieldwork plans that would include airborne and ground geophysics, field mapping, and surface sampling to verify historical indications and identify targets that warrant drill tests. With currently available information, EPLs 8208 and 8617 appear to have reasonable potential for discovery of both alaskite-hosted and palaeochannel/calcrete-hosted uranium mineralization", commented Dr. Nathan Chutas, chief executive officer of Skeleton Coast Uranium.

"The Practara group is doing a great job of compiling the available historical data and converting it into formats that we can immediately utilize for refining our targets. We anticipate final NI 43-101 technical reports for EPLs 8208, 8617 and 9727 within the coming weeks. Practara continues to work on technical reports and data compilation for the two other EPLs 9872 and 9873. We are looking forward to having data for our full package compiled so we get in the field and start testing our best targets."

About Skeleton Coast Uranium Corp.

Skeleton Coast Uranium holds options to acquire 70-per-cent to 75-per-cent controlling interests in five exclusive prospecting licences (EPLs) located in the Erongo region of Namibia, which produces approximately 10 per cent of world uranium output. The EPLs cover 610 square kilometres and position the company as one of the largest licence holders in the region. All the concessions have known uranium mineralization (unverified historical information; see technical information), and are located either adjacent to or within 10 to 25 kilometres of one of the three existing uranium mines (Langer Heinrich, Rossing or Husab). Skeleton Coast Uranium is committed to incurring $5-million (Canadian) in exploration expenditures across the five EPLs by June, 2028.

Skeleton Coast Uranium trades on the TSX Venture Exchange under the symbol SKEL, on the OTC under the symbol GLIIF and on the Frankfurt Stock Exchange under the symbol KDM0.

Qualified person

Dr. Nathan Chutas, PhD, CPG, chief executive officer of the company, is a qualified person as defined by National Instrument 43-101, and has reviewed and approved the scientific and technical information contained in this news release.

Technical information

The historical technical information referenced above is from the Namibian Geological Survey Report -- The Mineral Resources of Namibia -- Uranium, dated 1988, by H. Roesener and C.P. Schreuder, and has not been independently verified by the company. This information is provided for purposes of illustrating the prior work history on the property.

Mineralization on adjacent or nearby properties, including the Rossing, Husab and Langer Heinrich mines, is not necessarily indicative of mineralization on the company's EPLs.

We seek Safe Harbor.