Mr. Jordan Trimble reports

SKYHARBOUR PARTNER COMPANY TERRA CLEAN ENERGY SIGNS EXPLORATION AGREEMENT WITH THE ENGLISH RIVER FIRST NATION AND RECEIVES DRILLING PERMITS FOR THE SOUTH FALCON EAST URANIUM PROJECT

Skyharbour Resources Ltd. partner company, Terra Clean Energy Corp. (Terra, previously Tisdale Clean Energy), has executed an exploration agreement with the English River First Nation. This agreement strengthens their relationship and allows for access to the ancestral lands of the English River First Nation on which the South Falcon East property lies, which hosts the Fraser Lakes B uranium deposit. Skyharbour optioned the project to Terra, and, under the option agreement assuming the 75-per-cent interest is earned, Terra will finance exploration expenditures totalling $10.5-million, as well as pay Skyharbour $11.1-million in cash, of which $6.5-million can be settled for shares in the capital of Terra over the five-year earn-in period.

Terra also announces that it has received the required permits from the Saskatchewan Ministry of Environment to conduct its winter exploration program on the South Falcon East property. These permits allow access to the project lands for a period of three years to conduct exploration activities, including, but not limited to, geophysical surveys and diamond drilling. The South Falcon East project lies 18 kilometres outside the edge of the Athabasca basin, approximately 50 km east of the Key Lake uranium mill and former mine, approximately seven km north of the powerline servicing the Key Lake operation.

The winter 2025 drilling program is currently in the final planning and scheduling phase. While the Fraser Lakes B uranium deposit will remain a primary focus of early efforts on the property, Terra has ample additional drill-ready targets along the Way Lake conductor at South Falcon East. This includes the T-Bone Lake area, just north of Fraser Lakes B. The upcoming field program is anticipated to commence in late January to early February and will be executed by Terralogic Exploration Inc. under the supervision of Laura Tennent, project manager with TerraLogic Exploration, and C. Trevor Perkins, consulting geologist for Terra Clean Energy Corp. The expected budget for this program is anticipated to be $1.5-million financed by Terra as the operator.

South Falcon East project summary

The South Falcon East project is a uranium exploration project in the southeast Athabasca basin and covers approximately 12,464 hectares. It lies 18 kilometres outside the Athabasca basin, approximately 50 kilometres east of the Key Lake mine. Historical exploration at the South Falcon East project identified an area of uranium-thorium-REE (rare earth element) mineralization at the Fraser Lakes zone B over an area comprising 1.5 km by 0.5 km along an antiformal fold nose cut by an east-west dextral ductile-brittle cross-structure adjacent to a 65 km long electromagnetic conductor.

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 English River First Nation

As people of the river (Des Nedhe'ine), English River First Nation is dedicated to the stewardship of the land and the education of future generations. ERFN is guided by the knowledge of their elders, the traditions of their ancestors and the ambitions of their future generations, while being a respected partner in relations with industries, governments and organizations.

English River First Nation's two home reserves are located at the Wapatuanak and La Plonge reserves in Northern Saskatchewan. English River First Nation's ancestral territory spans 75,000 square km of north-central Saskatchewan and contains 19 different reserves belonging to the Nation of English River.

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 29 projects, 10 of which are drill ready, covering over 580,000 hectares (over 1.4 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. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization at the Maverick zone that returned drill results of up to 6.0 per cent U3O8 (triuranium octoxide) over 5.9 metres, including 20.8 per cent U3O8 over 1.5 metres at a vertical depth of 265 metres. Adjacent to the Moore project is the Russell Lake uranium project, in which Skyharbour is an operator with joint venture partner Rio Tinto. The project hosts several high-grade uranium drill intercepts over a large property area with robust exploration upside potential. The company is actively advancing these projects through exploration and drill 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 (Canadian Securities Exchange) listed Basin Uranium Corp. at the Mann Lake uranium project; CSE-listed Medaro Mining Corp. at the Yurchison project; TSX-V (TSX Venture Exchange) listed North Shore Uranium at the Falcon project; UraEx Resources at the South Dufferin and Bolt projects; Hatchet Uranium at the Highway project; Mustang Energy at the 914W project; and TSX-V-listed Terra Clean Energy at the South Falcon East project, which hosts the Fraser Lakes zone B uranium and thorium deposit. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total over $41-million in partner-financed exploration expenditures, over $30-million worth of shares being issued and over $22-million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the 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.

We seek Safe Harbor.