Skyharbour Releases Results of Drill Program on Preston Uranium Property

Skyharbour Resources Ltd. is pleased to report the results of its recent drill program on its 50% owned Preston Uranium Property. Two out of fifteen previously identified target areas were selected for preliminary drill testing this past summer.

Five holes totaling 1,318 metres were completed which included three in the Canoe Lake target area and two in the FSA target area. The Preston Property is strategically located proximal to Fission Uranium's shallow, high grade Triple R deposit and NexGen Energy's Arrow discovery in the Patterson Lake region of northwestern Saskatchewan. The Property also extends for approx. 40 kilometres length along the contiguous east-west property border with NexGen's flagship Rook-1 project.

Preston Uranium Property Map and Regional Exploration Corridors: http://skyharbourltd.com/_resources/SYH_Regional_Corridors.jpg

Highlights:

• Diamond drilling of EM conductors and coincident gravity lows successfully intersected anomalous radioactivity and sulphide mineralization associated with strongly altered (hematite-chlorite-sericite and clay) and structurally disrupted lithologies, and in particular graphitic units. This is conceptually consistent with being within a mineralization halo and is common to many Athabasca Basin uranium deposits.
• A minimum of three well defined, hydrothermally altered and structurally disrupted graphitic conductors were intersected in the Canoe Lake target area. The hydrothermal alteration is most pronounced in holes PN15001 and PN15003. Sulphide mineralization is common to all three holes.
• Well-defined, hydrothermally altered and structurally disrupted graphitic conductors were also intersected in the FSA target area. Of particular interest is PN15005, where nearly the entire hole was altered, sheared and contained sulphide mineralization including a 25 metre wide graphitic unit.
• Skyharbour's Technical Team considers these findings at Preston to be significant in that they advance the project towards potentially identifying economic levels of uranium mineralization at shallow depths; further exploration work planning is underway.