Mr. Jordan Trimble reports

SKYHARBOUR ANNOUNCES ADDITIONAL URANIUM PROPERTY STAKING INCREASING TOTAL PROPERTY PORTFOLIO TO OVER 1.45 MILLION ACRES IN THE ATHABASCA BASIN, SASKATCHEWAN

Skyharbour Resources Ltd. has acquired, by low-cost staking, new prospective uranium exploration claims in northern Saskatchewan, increasing Skyharbour's total land package that it has ownership interest in to 587,364 hectares (ha) (1,451,408 acres) across 29 projects. These 100-per-cent-owned claims add an additional 64,267 ha to Skyharbour's existing holdings in and around the Athabasca basin, which is host to the highest-grade uranium deposits in the world and is consistently ranked as a top mining jurisdiction by the Fraser Institute. As the company remains focused on its co-flagship Russell Lake and Moore uranium projects, these new claims will become a part of Skyharbour's prospect generator business as the company will seek strategic partners to advance these assets.

List of new properties:

• Bend project -- two mineral claims covering 9,114 hectares;
• Compulsion project -- two mineral claims covering 10,451 hectares;
• Genie project -- five mineral claims covering 16,930 hectares;
• Hartle project -- 10 mineral claims covering 52,518 hectares;
• Regambal project -- five mineral claims covering 24,208 hectares.

Property summaries

The recently staked minerals claims are all located in Wollaston domain just outside of the Athabasca basin sandstone and are underlain by prospective Wollaston Supergroup metasedimentary gneisses, including lower Wollaston pelitic gneisses (plus or minus graphite). The properties are prospective for both basement-hosted unconformity-related uranium (U) and pegmatite-hosted uranium-thorium-rare earth element (U-Th-REE), with additional potential to host base metals and other critical minerals. Some of these properties have historical pegmatite-hosted U-Th and base metal showings and historical EM conductors, with partial coverage of the properties by modern EM, magnetics and radiometric surveys.

In addition to the newly staked claims, several other claims were restaked during competitive staking rushes in the Usam and Riou River areas. The newly restaked Usam project consists of 40,041 hectares (ha) over 12 claims, covering a large portion of prospective Wollaston supergroup metasedimentary gneisses northeast of Cameco's Rabbit Lake operation. Riou River now consists of 8,620 ha over six claims in the north-central portion of the Athabasca basin and is underlain by Athabasca supergroup sandstone and conglomerate.

At Skyharbour's Highway project, three new claims non-contiguous with the original claim were added, adding 8,155 ha to project, increasing its size to 9,339 ha. These new claims are also located in close proximity to Highway 905 and have historical U-Th pegmatite showings on them.

Red Cloud's pre-PDAC Mining Showcase and the PDAC 2024 Convention

Skyharbour is pleased to announce that the company will be presenting at the Red Cloud pre-PDAC Mining Showcase on Thursday, Feb. 29, and Friday, March 1, at the Sheraton Centre Toronto Hotel followed by the PDAC Convention at the Metro Toronto Convention Centre, Sunday, March 3, through Wednesday, March 6.

Skyharbour's president and chief executive officer, Jordan Trimble, will be presenting at the Red Cloud pre-PDAC Mining Showcase Thursday, Feb. 29, at 11 a.m. EST, providing an overview and update for the company.

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 David Billard, PGeo, a consulting geologist 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 29 projects, 10 of which are drill ready, covering over 587,000 hectares (over 1.45 million acres) of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the company, a 100-per-cent 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.

We seek Safe Harbor.