Skyharbour Begins Trading on the OTCQX in the United States

Vancouver, BC , Sept. 30, 2022 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd.’s (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (the “Company”) is pleased to announce that OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Skyharbour has qualified to trade on the OTCQX Best Market. Skyharbour upgraded to OTCQX from the OTCQB Venture Market. Skyharbour begins trading today on OTCQX under the symbol “SYHBF.”

The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

Skyharbour’s President and CEO, Jordan Trimble, commented “Skyharbour has rapidly grown as a business in the last couple of years, emerging as a premier uranium exploration company with a significant project portfolio in the Athabasca Basin of northern Saskatchewan, Canada. With the recent resurgence in positive sentiment around nuclear energy as the world transitions from carbon-intensive energy sources to low-carbon sources, Skyharbour is well positioned to benefit from higher uranium prices and improving market fundamentals. Upgrading to OTCQX provides American investors with greater accessibility to trading the Company’s common shares and gives the Company a much more robust potential shareholder and capital base.”

U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

About Skyharbour Resources Ltd.:

Skyharbour holds an extensive portfolio of uranium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with fifteen projects, ten of which are drill-ready, covering over 450,000 hectares of land. Skyharbour has acquired from Denison Mines, a large strategic shareholder of the Company, a 100% interest in the Moore Uranium Project which is located 15 kilometres east of Denison's Wheeler River project and 39 kilometres south of Cameco's McArthur River uranium mine. Moore is an advanced-stage uranium exploration property with high-grade uranium mineralization at the Maverick Zone that returned drill results of up to 6.0% U₃O₈ over 5.9 metres including 20.8% U₃O₈ over 1.5 metres at a vertical depth of 265 metres. Adjacent to the Moore Uranium Project is Skyharbour’s recently optioned Russell Lake Uranium Project from Rio Tinto, which hosts historical high-grade drill intercepts over a large property area with robust exploration upside potential. The Company is actively advancing these projects through exploration and drill programs.