Mr. Jordan Trimble reports

SKYHARBOUR CLOSES $5.25 MILLION PRIVATE PLACEMENT OF FLOW-THROUGH SHARES

Skyharbour Resources Ltd. has closed a non-brokered private placement financing for total gross proceeds of $5,250,389.10. The private placement was entirely subscribed for by several strategic institutional investors.

The company has allotted and issued 9,052,395 flow-through (FT) shares at a price of 58 cents per FT share. The FT shares as defined in Subsection 66(15) of the Income Tax Act (Canada) (ITA) as presently constituted, shall qualify for the federal 30-per-cent critical mineral exploration tax credit, as defined in Subsection 127(9) of the Income Tax Act (Canada).

The funds will be applied toward the company's 2026 exploration campaign, including exploration and drilling at its co-flagship Russell (RL) and Moore Lake uranium projects, as well as at other uranium projects in the Athabasca basin.

Pursuant to the private placement, the company has paid cash finders' fees of $300,022.81 to an arm's-length party. The private placement is subject to final TSX Venture Exchange approval and all securities issued are subject to a statutory hold period of four months and one day.

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 43 projects covering over 662,887 hectares (1,638,029 acres) of land. Skyharbour owns 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, highlighted by drill results of up to 6.0 per cent U3O8 over 5.9 metres, including 20.8 per cent U3O8 over 1.5 metres at a vertical depth of 265 metres. Adjacent to Moore, Skyharbour is advancing several uranium properties within the broader Russell Lake project area with its joint venture partner and large strategic shareholder Denison Mines. Collectively, these co-flagship projects host multiple zones of high-grade uranium mineralization across a highly prospective land package with significant exploration upside, and the company is actively working these assets through exploration and drilling programs.

Skyharbour now has joint ventures with industry leaders Denison Mines and Orano Canada Inc. at the Russell Lake properties and the Preston project, respectively. The company also has several active earn-in option partners, including: Canadian Securities Exchange-listed Nexus Uranium Corp. at the Mann Lake uranium project; 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; CSE-listed Mustang Energy at the 914W project; and TSX-V-listed Terra Clean Energy at the South Falcon East project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to potentially over $76-million in partner-financed exploration expenditures and over $42-million in cash and share payments coming into Skyharbour, assuming that these partner companies complete the earn-ins at their 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.