Skyharbour Discovers New High Grade Uranium Mineralization at Maverick Zone including 5.39% U3O8 over 1.0 metre within 2.07% U3O8 over 3.5 metres; Summer 2018 Drill Program Upcomin

VANCOUVER, British Columbia, June 14, 2018 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V:SYH) (OTCQB:SYHBF) (Frankfurt:SC1P) (the "Company") is pleased to announce the results from its 2018 winter/spring diamond drilling program at its flagship 35,705 hectare Moore Uranium Project, located approx.15 kilometres east of Denison Mine's Wheeler River project and near regional infrastructure on the southeast side of the Athabasca Basin, Saskatchewan. Drillhole ML18-08 intersected high grade uranium mineralization within the Main Maverick Zone consisting of 5.39% U₃O₈ over 1.0 metre within an interval containing 2.07% U₃O₈ over 3.5 metres. This mineralization occurs at the unconformity from 265.8 to 269.3 metres downhole. Also of note is hole ML18-09 which intersected uranium mineralization at the unconformity in the Maverick East Zone, a new high grade lens discovered by Skyharbour last year. This hole returned a grade equivalent of 3.07% U₃O₈ over 1.8 metres from an interval containing a grade equivalent of 1.01% U₃O₈ over 6.3 metres.

Moore Uranium Project Claims Map:
http://skyharbourltd.com/_resources/maps/MooreLakeRegionalTenure.jpg

Highlights:

• Hole ML 18-08 drilled on the Main Maverick Zone returned an unconformity-hosted intercept of 2.07% U₃O₈ over 3.5 metres from 265.8 to 269.3 metres downhole, including 5.39% U₃O₈ over 1.0 metre.
• Hole ML18-09 drilled at the Maverick East Zone returned a grade equivalent of 1.01% U₃O₈ over 6.3 metres from 275.4 to 281.7 metres downhole at the unconformity, including an interval of 3.07% U₃O₈ over 1.8 metres.
• Three of the four holes drilled at the Maverick corridor in this program returned high grade uranium mineralization and successfully expanded the known high grade zones.
• Only 2 kilometres of the total 4 kilometre long Maverick corridor have been systematically drill tested leaving robust discovery potential along strike as well as at depth in the underlying basement rocks which have seen limited drill testing historically.
• Regional diamond drill hole ML18-03 tested the Venice target 8 km northeast of the Main Maverick Zone, and intersected uranium mineralization in graphitic pelites that occur just below the unconformity in the basement rock at 279 metres downhole. 
• Given the success of the 2018 winter/spring drilling program at Moore, planning is currently underway for a minimum 3,000 metre summer diamond drilling program to commence in August; additional news and details are forthcoming.

Jordan Trimble, President and CEO of Skyharbour Resources, states: "The recently completed winter/spring drill program at the Moore Project has expanded the known high grade zones at the Maverick corridor by intersecting relatively shallow uranium mineralization at the unconformity. Furthermore, new regional discoveries were made at the Venice target. We will be commencing a summer drill program to follow up on these results and test more extensively new targets in the underlying basement rock at the Maverick corridor. The known high grade, unconformity-hosted uranium mineralization at the Maverick corridor was deposited there through feeder zones in the basement rock, the discovery of which will be a top priority in this upcoming program given other recent basement hosted discoveries including NexGen's Arrow Deposit, Fission's Triple R Deposit and Denison's Gryphon Deposit. Skyharbour is well positioned with strong discovery potential and ample upcoming news flow to benefit from an impending uranium market recovery. In the last few months we have witnessed increasing uranium prices and improving sentiment amid recent news including additional supply cuts announced from Kazakhstan, accelerating Japanese nuclear reactor restarts, and a new uranium fund based in London buying over eight million pounds of uranium from KazAtomProm."