Skyharbour’s Partner Company Mustang Energy Commences Field Program at 914W Uranium Project Located in the Athabasca Basin, Saskatchewan

Core Viewpoint - Skyharbour Resources Ltd. announces that its partner Mustang Energy Corp. has initiated the 2025 field exploration program at the 914W Uranium Project, with plans for significant investment and exploration activities [1][3]. Company Overview - Skyharbour Resources Ltd. holds a diverse portfolio of uranium exploration projects in Canada's Athabasca Basin, covering over 614,000 hectares [7][9]. - The company has a strategic partnership with Denison Mines and is advancing multiple projects, including the Moore Uranium Project and the Russell Lake Uranium Project [7][8]. Project Details - The 914W Project consists of one claim covering 1,260 hectares, located approximately 48 km southwest of Cameco's Key Lake Operation, with excellent access via Highway 914 [4][5]. - Mustang Energy can acquire a 75% interest in the 914W Project by issuing shares valued at CAD $480,000, making cash payments of$275,000, and incurring $800,000 in exploration expenditures over three years [1][3]. Exploration Program - The field program will include surface prospecting, detailed rock and soil sampling to identify mineralization zones, and will inform future exploration phases such as geophysical surveys and drilling [3][4]. - Historical exploration has shown promising geological features, with previous findings of up to 1,288 ppm U and surface samples revealing up to 0.64$36 million in partner-funded exploration expenditures [9][10]. - The company aims to maximize shareholder value through new mineral discoveries and long-term partnerships in favorable jurisdictions [10].