Skyharbour Option Partner AREVA Resources Canada Announces Upcoming Exploration Programs at Preston Uranium Property - Seite 2

Highlights of AREVA Resources's Upcoming Exploration Programs at Preston Uranium Project:

• AREVA Resources planning to carry out CDN $2,000,000 in exploration and diamond drilling programs over the next year
• Initial geophysical program to commence shortly includes Moving Loop Transient Electromagnetic (ML-TEM) surveys on two grids including the JL grid sited on the Johnson Lake Corridor and the FS grid located on the Dixon Lake Corridor
• A planned diamond drilling program consisting of 15 to 20 drill holes for a total of approximately 4,500 metres which is proposed in early 2018
• AREVA Resources may earn up to a 70% interest in the 49,635-hectare Preston project through $8,000,000 of total project consideration over six (6) years, including up to $7,300,000 of exploration work programs and $700,000 of cash payments
• If carried to completion, a tripartite joint venture would be formed being 70% as to AREVA Resources and 30% as equally divided between Skyharbour and Clean Commodities

Preston Lake Uranium Project 2017 Geophysical Program:

In the spring of 2017, a Quaternary evaluation of the Preston property was performed by AREVA Resources followed by a two week summer field program which included the review of historical drill holes, outcrop visits, sampling and general prospecting and surveying.

For the remainder of 2017 and in preparation of the 2018 exploration program, including a significant planned drill program, the main tasks related to the Preston project will include the completion and interpretation of ground EM surveys within the Dixon Lake target area and a more exhaustive review of the project historical information. Specifically, the upcoming geophysical program includes Moving Loop Transient Electromagnetic (ML-TEM) surveys on two grids including the JL grid sited on the Johnson Lake Corridor and the FS grid located on the Dixon Lake Corridor. The program is slated to commence in the coming days.

The Johnson Lake Corridor (JLC) hosts two main north-northeast and northeast trending VTEM conductive trends. Numerous areas of interest have been identified along the VTEM conductive zones and of particular interest at this time is the area northeast of Canoe Lake which hosts radon-in-water anomalies. The JL grid will comprise seven profiles for survey coverage of 28.5 line-kilometers and will require approximately 32 km of line-cutting. The objective of the survey is to investigate the VTEM conductive areas at 400m and 800m line-spacing to identify possible targets to be drilled in the winter of 2018.