Skyharbour Resources Ltd. announced that partner company Tisdale Clean Energy Corp. ("Tisdale"), plans to begin exploration at the South Falcon East Uranium Project which hosts the Fraser Lakes Zone B uranium deposit. The South Falcon East Project lies 18 km outside the edge of the Athabasca Basin, approximately 50 km east of the Key Lake uranium mill and former mine.

Tisdale entered into an option agreement that was finalized earlier this year whereby Tisdale can earn up to a 75% interest in the South Falcon East project. Under the Option Agreement and assuming the 75% interest is earned, Tisdale will have issued Skyharbour 1,111,111 Tisdale shares upfront, and will fund exploration expenditures totaling CAD 10,500,000, as well as pay Skyharbour CAD 11,100,000 in cash of which $6,500,000 can be settled for shares in the capital of Tisdale over the five-year earn-in period. Tisdale is planning an extensive preliminary drill program to commence in early 2024.

The program will consist of approximately 2,000 metres of drilling. The priority will be to confirm and expand the existing mineralization associated with the Fraser Lakes Zone B uranium deposit. Infill drilling will confirm the presence and continuity of existing mineralization in preparation for an updated resource estimate and model in the future.

Step out drilling will endeavor to expand the footprint of the deposit, as the current mineralization is open in all directions. Initial focus will be on extending mineralization along strike and down dip into the basement rocks. A secondary priority will be to begin regional exploration by following up on promising anomalies located in the T-Bone Lake area.

Regional drilling will focus on the effort to discover additional mineralized zones and deposits along the folded structural package that hosts the Fraser Lakes B deposit. The initial drill program is planned to be operating out of the McGowan Lake Camp with helicopter support for the daily drilling operations. 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 U-Th-REE 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 EM conductor.