(TheNewswire)

TORONTO TheNewswire – June 11, 2025 Noble Mineral Exploration Inc. (‘ Noble ‘ or the ‘ Company ‘) (TSXV: NOB) (OTCQB: NLPXF) is pleased to announce the initial mineral resource at Mann West as announced by its joint venture partner Canada Nickel in the East Timmins Nickel Company, operating in the Timmins area of Northern Ontario.

Noble CEO Vance White said ‘We congratulate our partner Canada Nickel on the work completed and the Initial Resource estimate for Mann West project in Mann Twp and we are very excited about the prospects for East Timmins Nickel along with the several additional projects to be included.’

Highlights:

• Mann West is the third of eight new nickel resources expected to be published in 2025

TORONTO, June 11, 2025 – Canada Nickel Company Inc. (‘ Canada Nickel ‘ or the ‘ Company ‘) (TSX-V:CNC) (OTCQB: CNIKF) today announced an initial mineral resource estimate (the ‘Mineral Resource Estimate’ or ‘MRE’) for its Mann West Nickel Sulphide Project (‘Mann West’) near Timmins, Ontario. Mann West is wholly owned by East Timmins Nickel Ltd. of which Canada Nickel owns 80% and Noble Mineral Exploration Inc. owns 20%.

The Mann West Nickel Sulphide Project is located just 21 kilometres east of the Company’s Crawford Nickel Sulphide Project (‘Crawford’) and is more than twice the size of Crawford based on the outline of its geophysical target of 3.4 square kilometres. The area of the geophysical target covered by the Mann West resource represents approximately 40% of the total target area. The Mann West project is accessible year-round.

Mark Selby, CEO of Canada Nickel said, ‘Mann West marks a significant milestone with today’s announcement, demonstrating a resource that surpasses the size and scale of our initial Crawford resource, and that validates our belief in the potential of the Timmins Nickel District. With a target footprint more than double Crawford’s, Mann West is just the third of eight new mineral resources we expect to announce by the end of 2025, including two more this month.’

Mann West Mineral Resource Estimate

For the initial Mineral Resource Estimate, a total of 16,833 metres of core drilling in 37 drill holes were utilized to calculate the Mann West Resources in two categories as provided in Table 1. Indicated Resources totalled 406 million tonnes grading 0.23% nickel, for a total of 0.95 million tonnes of contained nickel and Inferred Resources totalled 599 million tonnes grading 0.22% nickel, for a total of 1.31 million tonnes of contained nickel. The approximate dimensions of the resource are 1.9 kilometres long, 800 metres wide, extending to 500 metres deep and remaining open to the northwest and at depth. An additional 0.5 – 1.0 billion tonnes grading between 0.20% and 0.22% nickel remain as an Exploration Target, pending further drilling. This Exploration Target is based on core drilling by the Company, the geophysical survey on the Project, and the understanding and calculation of the current MRE. Within the resource, a PGM Zone containing an Indicated resource of 7.0 million tonnes grading 0.422 g/t palladium + platinum and an Inferred resource of 7.7 million tonnes grading 0.411 g/t palladium + platinum.

The Exploration Target was derived by modelling the identified nickel sulphide mineralization within the current estimation envelope but outside of the current Mineral Resource Estimate area.

The volume of the modelled Exploration Target area determines the potential tonnage statement in the Exploration Target. The grade range given in the Exploration Target is determined with consideration to the drill core results within the modelled Exploration Target area, consideration of the geological setting in a well understood nickel deposit type where grades are observed and well understood, and based on the experience of the Company and the Qualified Persons. The potential tonnages and grades are conceptual in nature and are based on drill holes and geophysical results that define the approximate length, thickness, depth and grade of the Exploration Target. There has been insufficient exploration to define a current mineral resource and the Company cautions that there is a risk that further exploration will not result in the delineation of a current mineral resource.

Drilling at Mann West was completed in 2023 and 2024. The 2024 campaign successfully completed the goal of infilling previous sections to allow for the definition of an initial mineral resource estimate, gain understanding on the geology of the deposit, as well as systematically collecting samples for mineralogical analysis that have started to help define the potential of nickel recovery (see May 13, 2024 news release).

The Mann West Mineral Resource Estimate was prepared by Caracle Creek International Consulting Inc. in accordance with CIM Estimation of Mineral Resources & Mineral Reserves Best Practice Guidelines (2019) and CIM Definition Standards for Mineral Resources & Mineral Reserves (2014). A Technical Report in support of the Mineral Resource Estimate will be filed on SEDAR+ ( www.sedarplus.ca ) within 45 days of this news release.

Table 1. Initial Total Mineral Resource Estimate (in-pit resources) for the Mann West Nickel Sulphide Deposit.

Table 2. Initial PGE Zone Mineral Resource Estimate (in-pit resources) for the Mann West Nickel Sulphide Deposit.

*Totals may not add due to rounding.

Notes to Table 1 and Table 2:

1. The independent Qualified Person for the Mineral Resource Estimate (‘MRE’), as defined by National Instrument 43-101 (‘NI 43-101’), is Dr. Scott Jobin-Bevans (P.Geo., PGO #0183), of Caracle Creek International Consulting Inc. The effective date of the Mineral Resource Estimate is May 30, 2025.

2. The quantity and grade of reported Inferred Resources in this MRE are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as Indicated or Measured. However, it is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.

3. A cut-off grade of 0.10% Ni was used to define potentially economic material for inclusion within the MRE. Cut-offs were determined on the based on core assay geostatistics and drill core lithologies for the deposit, and by comparison to analogous nickel deposit types.

4. Geological and block models for the MRE used data from a total of 37 surface drill holes, completed by Canada Nickel in 2023 and 2024. The drill hole database was validated prior to resource estimation and QA/QC checks were made using industry-standard control charts for blanks, core duplicates and commercial certified reference material inserted into assay batches by Canada Nickel and by comparison of umpire assays performed at a second laboratory.

5. Estimates have been rounded to two significant figures.

6. The MRE was prepared following the CIM Estimation of Mineral Resources Mineral Reserves Best Practice Guidelines (November 29, 2019) and the CIM Definition Standards for Mineral Resources Mineral Reserves (May 19, 2014).

7. The geological model as applied to the MRE comprises three mineralized domains hosted by variably serpentinized ultramafic rocks: a relatively higher-grade core (dunite), a lower grade (peridotite), and a PGE-rich pyroxenite ‘reef’. Individual wireframes were created for each domain in Leapfrog Geo 2024.1 software.

8. A 20 m x 20 m x 15 m block model was created, and samples were composited at 7.5 m intervals. Grade estimation from drill hole data was carried out for Ni, Co, Fe, Cr, S, Pd and Pt using the Ordinary Kriging interpolation method in Isatis 2024.04 software.

9. The MRE has been constrained by a conceptual pit envelope that was developed using the following optimization parameters. Metal prices used were US$21,000/t nickel, US$40,000/t cobalt, US$325/t iron, US$3,860/t chromium, US$1,350/oz palladium, and US$1,150/oz platinum. Different pit slopes were used for each layer (in degrees): 9.5 in overburden, and 40.0 in mineralized rock, and 45 in waste rock. Exchange rate utilized was US$/C$ at $0.76. Mining costs utilized different values for overburden (clay, gravel), and rock mining, ranging from C$1.47 to C$3.53/t mined. Processing costs and general and administration costs for a 120 ktpd operation (similar to the ultimate scope of Crawford) were C$8.30/t. Based on the range of grade and ratio of sulphur to nickel, calculated recovery averages 45% for Ni, 7% for Co, 56% for Fe, 29% for Cr 45% for Pd and 28% for Pd.

10. Grade estimation was validated by comparison of input and output statistics (Nearest Neighbour and Inverse Distance Squared methods), swath plot analysis, cross-plots of declustered samples against the nearest OK estimate, and by visual inspection of the assay data, block model, and grade shells in cross-sections.

11. Density estimation was carried out for the mineralized domains using the Ordinary Kriging interpolation method, based on 1,740 specific gravity measurements collected during the core logging process, using the same block model parameters of the grade estimation. As a reference, the average estimated density value within dunite is 2.64 g/cm (t/m ), while the peridotite domain yielded an average of 2.74 g/cm (t/m ), and the PGE ‘reef’ domain an average of 3.05 g/cm (t/m ).

Figure 1. Plan View of Mann West Nickel Sulphide Resources, Mann West Nickel Sulphide Project, Ontario.

Click Image To View Full Size

Figure 2. Plan View of the Mann West Resource Categories and Nickel Grade.

Click Image To View Full Size

Click Image To View Full Size

Figure 3. Mann West Nickel Sulphide Project Long-Section (Looking North) of Resource Categories (TOP) and Nickel Grade (BOTTOM).

Click Image To View Full Size

Click Image To View Full Size

Next Steps at Mann West:

• A technical report with respect to the Mineral Resource Estimate disclosed today will be filed within 45 days.

• Infill drilling at the property will aim to increase and upgrade inferred resources in the next drilling campaign.

• Mineralogical and metallurgical analysis will continue to better understand and estimate metal recoveries.

Assays, Quality Assurance/Quality Control and Drilling

Edwin Escarraga, MSc, P.Geo., a ‘Qualified Person’ within the meaning of NI 43-101, is responsible for the on-going drilling and sampling program, including quality assurance (QA) and quality control (QC). The core is collected from the drill in sealed core trays and transported to the secure core logging facility (core shack). The core is marked and sampled at 1.5 metre lengths and cut with a diamond blade saw. One set of samples is transported in secured bags directly from the Canada Nickel core shack to Actlabs Timmins, while a second set of samples is securely shipped to SGS Lakefield for preparation, with analysis performed at SGS Burnaby. All are ISO/IEC 17025 accredited labs and independent of Canada Nickel. Analysis for precious metals (gold, platinum, and palladium) are completed by Fire Assay while analysis for nickel, cobalt, sulphur and other elements are performed using a peroxide fusion and ICP-OES analysis. Certified standards and blanks (QA/QC samples) are inserted at a rate of three QA/QC samples per 20 core samples making a batch of 60 samples that are submitted for analysis.

Qualified Person and Data Verification

Stephen J. Balch (P.Geo. – Ontario), VP Exploration of Canada Nickel and a ‘Qualified Person’ within the meaning of NI 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc.

The magnetic images shown in this news release were created from Canada Nickel’s interpretation of datasets provided by the Ontario Geological Survey.

About Canada Nickel Company

Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless-steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel TM , NetZero Cobalt TM , NetZero Iron TM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Nickel District. For more information, please visit www.canadanickel.com.

About Noble Mineral Exploration Inc.

Noble Mineral Exploration Inc. is a Canadian-based junior exploration company, which has holdings of securities in Canada Nickel Company Inc., Homeland Nickel Inc., East Timmins Nickel Inc.(20%), and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario.

Noble holds mineral and/or exploration rights in ~70,000ha in Northern Ontario, ~14,000ha elsewhere in Quebec and Newfoundland, upon which it plans to generate option/joint venture exploration programs .

Noble holds mineral rights and/or exploration rights in ~18,000 hectares in the Timmins-Cochrane areas of Northern Ontario known as Project 81, ~2,215 hectares in Thomas Twp/Timmins, as well as an additional 20% interest in ~38,700 hectares in the Timmins area and ~175 hectares of mining claims in Central Newfoundland. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. Noble also holds ~4,600 hectares in the Nagagami Carbonatite Complex and its ~3,200 hectares in the Boulder Project both near Hearst, Ontario, as well as ~3,700 hectares in the Buckingham Graphite Property, ~10,152 hectares in the Havre St Pierre  Nickel, Copper, PGM property, and ~1,573 hectares in the Cere-Villebon Nickel, Copper, PGM property, ~569 hectare Uranium/Rare Earth property (Chateau) and a ~461 hectare Uranium/Molybdenum property (Taser North),  all of which are in the province of Quebec.

Noble’s common shares trade on the TSX Venture Exchange under the symbol ‘NOB.’

More detailed information on Noble is available on the website at www.noblemineralexploration.com .

Cautionary Note and Statement Concerning Forward Looking Statements

This press release contains certain information that may constitute ‘forward-looking information’ under applicable Canadian securities legislation.  Forward looking information includes, but is not limited to, the potential of the Mann West Nickel Sulphide Project, timing for filing a technical report in support of the Mineral Resource Estimate, the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, timing and completion (if at all) of additional mineral resource estimates, the potential of the Timmins Nickel District, strategic plans, including future exploration and development plans and results, and corporate and technical objectives.  Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information.  Factors that could affect the outcome include, among  others:  future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise  the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities  (known  and  unknown), general business, economic, competitive, political and social uncertainties, results of  exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain  regulatory or shareholder approvals.  There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information.  Accordingly, readers should not place undue reliance on forward-looking information.  All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof.  Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:

H. Vance White, President

Phone:        416-214-2250

Fax:        416-367-1954

Email: info@noblemineralexploration.com

Investor Relations

Email: ir@noblemineralexploration.com   

Copyright (c) 2025 TheNewswire – All rights reserved.

(TheNewswire)

As global demand for rare earth magnets accelerates—driven by electric vehicles, renewable energy systems, and high-performance computing—the need for secure, domestic sources of these critical materials has become a strategic priority for the United States. The article explores how rare earth recycling is emerging as a viable and scalable response to supply chain risks and environmental concerns.

Featured in the article is CoTec Holdings Corp. (TSXV: CTH | OTCQB: CTHCF) , a Vancouver-based company advancing a low-emission, high-efficiency rare earth magnet recycling technology through its U.S. joint venture with HyProMag USA. The company’s process—developed by researchers at the University of Birmingham—uses hydrogen to extract high-purity magnet powder from end-of-life products, eliminating the need for high-temperature smelting or chemical leaching.

CoTec, which owns a majority interest in HyProMag USA, is developing a rare earth magnet recycling facility in the Dallas–Fort Worth region, positioning it to serve U.S. manufacturing and defense industries with domestically sourced materials.

About CoTec

CoTec is a publicly traded investment issuer listed on the TSXV and the OTCQB and trades under the symbols CTH and CTHCF respectively. CoTec is a forward-thinking resource extraction company committed to revolutionizing the global metals and minerals industry through innovative, environmentally sustainable technologies and strategic asset acquisitions. With a mission to drive the sector toward a low-carbon future, CoTec employs a dual approach: investing in disruptive mineral extraction technologies that enhance efficiency and sustainability while applying these technologies to undervalued mining assets to unlock their full potential. By focusing on recycling, waste mining, and scalable solutions, the Company accelerates the production of critical minerals, shortens development timelines, and reduces environmental impact. CoTec’s strategic model delivers low capital requirements, rapid revenue generation, and high barriers to entry, positioning it as a leading mid-tier disruptor in the commodities sector.

For more information, please visit www.cotec.ca.

Copyright (c) 2025 TheNewswire – All rights reserved.

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; ‘ BRW ‘ or the ‘ Company ‘) is pleased to report a further six drill results from the Winter 2025 program at its Mirage Project. The Mirage Project is located in the Eeyou Istchee-James Bay region of Quebec, approximately 40 kilometres south of the Trans-Taïga Road. This press release focuses primarily on drilling completed north and east of the MR-6 dyke and, in the neighboring, ‘Stacked Dyke’ area, where BRW continues to intersect dozens of well-mineralized spodumene-bearing pegmatites.

Highlights include:

• A newly discovered dyke located approximately 250 metres northeast of MR-6, which returned 29.25 metres at 1.19% Li   ₂   O in hole MR-25-115 and it remains open in all directions.
• The ‘Stacked Dyke’ area has been extended 150 m to the northeast, with hole MR-25-106 intercepting 1.01% Li   ₂   O over 17.4 metres . The area continues to show significant potential and widespread mineralization over the entire length of the drill holes.

Mr. Killian Charles, President and CEO of BRW, commented: ‘Every drill campaign has underscored the potential of the Mirage project. As we begin to step out from the core area of interest, we continue to intersect new, significant, well-mineralized pegmatites, all located near surface and this release is no different. We have again extended both the footprint of the Stacked Dyke area and found new sub-parallel mineralization adjacent to MR-6. We believe the forthcoming resource estimate, expected in late 2025, will position Mirage as one of the most important lithium projects in the province of Quebec.

Looking further ahead, we expect to have news related to our Greenlandic summer program shortly and look forward to the start of drilling at our Anatacau project in late Q3.’

Mirage Project Drilling Overview

The Mirage Project comprises 427 claims located roughly 40 kilometers south of the Trans-Taiga Highway in Quebec’s James Bay region and 34 kilometers northeast of Winsome Resources’ Adina Project.

The drilling campaign focused on extending the mineralized Stacked Dyke area to the northeast. Highlights discussed in this release are shown in Table 1 and Figure 1. Collars are shown in Table 2.

Figure 1 : Central Zone of the Mirage Project

Drill hole MR-25-115 led to the discovery of a new spodumene-bearing pegmatite dyke, grading 1.19% Li₂O over 29.25 metres from 92.6 metres to 121.85 metres. This new dyke is interpreted as being subparallel to the MR-6 dyke, with an orientation of N140/30, and it highlights the potential for pegmatites to occur in close proximity to each other. The new dyke remains open in all directions.

Figure 2: Section A-A’

Drill holes MR-25-105, MR-25-106, and MR-25-108 extended the ‘Stacked Dyke’ zone by 150 metres to the northeast, with a total of 32 mineralized dykes intersected across all three holes. The most significant pegmatite in these new holes returned a grade of 1.01% Li₂O over 17.4 metres, from a downhole depth of 45.5 metres to 62.9 metres. Oriented drilling in this area confirms an average dyke orientation of N70/70 similar to those identified in the South Zone, unlike the two main dykes of the Central Zone, MR-3 and MR-6.

Drill hole MR-25-104, located approximately 1 km northeast of MR-6, targeted a highly prospective geological setting analogous to MR-4 and returned anomalous lithium values up to 502 ppm Li in sedimentary units and 902 ppm Li in basalts, over a drill hole length of 222 metres. A small dyke, measuring approximately 2-metres wide, with spodumene pseudomorphs was intercepted; however, the length and strength of the lithium anomaly observed in the host rocks are considerably higher than the dyke. This new drill hole potentially extends the lithium footprint of the Orion Lake sector, where most of the drilling has occurred to date, to a length of over 3km. At this time, the lithium anomaly remains unexplained and will be the focus of a future drill campaign.

Table 1 : 2025 Drilling Program Mentioned in this Release

Table 2 : 2025 Drilling Collars Mentioned in this Release

QAQC

All drill core samples were collected under the supervision of BRW employees and contractors. The drill core was transported by helicopter and by truck from the drill platform to the core logging facility in Val-d’Or. Each core was then logged, photographed, tagged, and split by diamond saw before being sampled. All pegmatite intervals were sampled at approximately 1-meter intervals to ensure representativity. Samples were bagged; duplicated on reject, blanks and certified reference materials for lithium were inserted every 20 samples. Groups of samples were placed in larger bags, sealed with numbered tags, in order to maintain a chain of custody. The sample bags were transported from the BRW contractor facility to the AGAT laboratory in Val-d’Or. All sample preparation and analytical work was performed by AGAT by sodium peroxide fusion with ICP-OES and ICP-MS finish. All results passed the QA/QC screening at the lab and all inserted standard and blanks returned results that were within acceptable limits. All reported drill intersections are calculated based on a lower cutoff grade of 0.3% Li2O, with maximum internal dilution of 5 meters. Host basalts adjacent to the dykes may grade up to 0.3% Li2O but were excluded from the reported intersections.

Qualified Person

The scientific and technical information contained in this press release has been reviewed and approved by Mr. Simon T. Hébert, VP Development. He is a Professional Geologist registered in Quebec and is a Qualified Person as defined by National Instrument 43-101.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Company is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing the most extensive grassroots lithium property portfolio in Canada and Greenland.

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/cb41f1b3-9200-4c6a-9819-235efed0965a  
  https://www.globenewswire.com/NewsRoom/AttachmentNg/7d87780b-9239-4952-949e-93c273f4b8f5

Investor Relations/information Mr. Killian Charles, President and CEO (info@brwexplo.ca)

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (the ‘Company’) is pleased to announce the remaining assay results from its late 2024 diamond drilling program at its 100% owned, 35,705 hectare Moore Uranium Project, which totaled 2,759 metres in nine holes. The project is located approximately 15 kilometres east of Denison Mine’s Wheeler River project and proximal to regional infrastructure for Cameco’s Key Lake and McArthur River operations in the Athabasca Basin, Saskatchewan. A highlight from this program was from hole ML24-15, which intersected 6.4 metres of 1.50% U 3 O 8 from a relatively shallow downhole depth of 275.0 metres to 281.4 metres, including 4.74% U 3 O 8 over 1.5 metres. Hole ML24-15 was drilled well outside the known footprint of the high-grade Maverick East Zone, extending its high-grade core approximately 42 metres to the northeast representing one of the most consequential expansion drill holes at the Project. Skyharbour plans to continue advancing Moore through additional drilling this summer, alongside the fully-funded multi-phased drill programs at the Company’s adjacent Russell Lake Uranium Project.

Moore Uranium Project Claims Map:
https://skyharbourltd.com/_resources/images/Sky_MooreLake.jpg?v=1

Jordan Trimble, President and CEO of Skyharbour Resources, stated: ‘Drill hole ML24-15 represents a significant development at the Moore Project as it extends the high-grade Maverick East Zone over 40 metres to the northeast. The drill result demonstrates the high-grade, shallow nature of uranium mineralization and opens up the area to additional drilling and potential resource expansion. We are preparing for another phase of low-cost drilling this summer at Moore to further delineate the numerous high-grade zones of uranium on the Maverick Corridor, and we also plan to test prospective regional targets that have had limited drill-testing historically. Furthermore, our ongoing drilling is progressing very well at our co-flagship and adjacent Russell Lake project with additional news forthcoming from both projects.’

Highlights:

• Hole ML24-15 intersected 6.4 metres of 1.50% U ₃ O ₈ from a relatively shallow downhole depth of 275.0 metres to 281.4 metres, including 4.74% U ₃ O ₈ over 1.5 metres.

• Notably, the hole was drilled well outside the known footprint of the Maverick East Zone, extending its high-grade core approximately 42 metres to the northeast. This illustrates the strong expansion potential at the high-grade zones.

• Preparation is underway for a fully-funded 4,500 – 5,000 metre summer drill program at Moore focused at Main Maverick and Maverick East Zones as well as high-priority regional targets.

• Ongoing first phase of drilling consisting of a minimum of 5,000 metres at the Russell Lake Project, focusing on the newly discovered Fork Zone, which has high-grade uranium mineralization hosted at the unconformity, as well as testing other newly identified high-priority targets at the Fox Lake Trail and Sphinx targets.

• In total, the company is planning to drill between 16,000 – 18,000 metres across the Russell and Moore projects this year and is fully funded and permitted to do so.

Summary of 2024 Drilling Campaign at Moore:

The phase of drilling on the Moore Project later in 2024 totalled 2,759 metres in nine holes. Of the nine holes, four holes (ML24-10 to -12 and ML24-18) focused on the Main Maverick Zone and five holes (ML24-13 to -17) on the Maverick East Zone. The primary objective of the summer program was to extend and expand the boundaries of the Main Maverick and Maverick East Zones with all but one hole successfully intersecting uranium mineralization. Drill hole ML24-15 which intersected 6.4 m of 1.50% U ₃ O ₈ successfully expands the Maverick East zone over 40 metres along strike to the northeast with more drilling warranted in the area.

Moore Uranium Project Regional Grid Targets Map:
‎ http://skyharbourltd.com/_resources/maps/Moore-Lake-Property-Wide.jpg

Four exploration holes totalling 1,195 metres were drilled in and around the Main Maverick Zone to expand the shallow high-grade mineralized zone. All of these holes were drilled vertically and intersected significant uranium mineralization at the unconformity, centred around 265 metres to 275 metres downhole depth. The majority of the high-grade uranium mineralization at the Main Maverick Zone is sandstone-hosted, situated at or just above the unconformity. Hole ML24-11 intersected 0.76% U ₃ O ₈ over 1.0 m starting at 268.0 m depth, including 1.09% U ₃ O ₈ over 0.5 m, and 0.40% U ₃ O ₈ over 0.5 m at 285.0 m. Hole ML24-12 intersected 0.21% U ₃ O ₈ over 1.0 m starting at 268.0 m depth. Hole ML24-18 intersected 0.10% U ₃ O ₈ over 5.5 m starting at 271.0 m.

Main Maverick Zone Drilling Map:
https://www.skyharbourltd.com/_resources/news/Maverick_Main_2024.jpg

An additional five exploration holes, totalling 1,564 metres, were drilled in and around the Maverick East Zone to connect mineralization with Main Maverick and to expand mineralization east along strike. Four of these holes were drilled vertically, and one oriented hole was drilled to obtain structural measurements. Much like at Main Maverick, mineralization is concentrated directly above the unconformity, between 260 metres and 285 metres. Hole ML24-13 intersected 0.14% U ₃ O ₈ over 6.4 m starting at 268.5 m, including 0.63% U ₃ O ₈ over 1.0 m at 269.0 m, and 0.30% U ₃ O ₈ over 1.0 m at 273.9 m. Hole ML24-14 intersected 0.04% U ₃ O ₈ over 1.0 m starting at 287.2 m. Hole ML24-15 intersected 1.50% U ₃ O ₈ over 6.4 m starting at 275.0 m depth, including 4.74% U ₃ O ₈ over 1.5 m. Hole ML24-16 intersected 0.10% U ₃ O ₈ over 0.5 m starting at 314.0 m. Hole ML24-17 intersected 0.16% U ₃ O ₈ over 3.0 m starting at 274.0 m depth.

Maverick East Zone Drilling Map:
https://www.skyharbourltd.com/_resources/news/Maverick_East_2024.jpg

In addition to the assay results reported here, previously reported drill results from the first phase of drilling earlier in 2024 included notable high-grade intercepts at Moore. Highlight drill hole ML24-08 intersected 5.0 metres of 4.61% U ₃ O ₈ between 265.5 metres and 270.5 metres depth including 3.0 metres of 7.30% U ₃ O ₈ between 266.0 metres to 269.0 metres depth at the Main Maverick Zone. Another notable hole was ML 24-03, which intersected a broad interval of mineralization grading 1.11% U ₃ O ₈ over 11.5 metres between 266.8 metres to 278.3 metres depth, including 5.87% U ₃ O ₈ over 2.0 metres (see news release dated July 11 ^th , 2024).

2025 Summer and Fall Drilling Plans:

Skyharbour is planning for an additional, fully-funded 4,500 – 5,000 metres of drilling at the Main Maverick and Maverick East Zones to further expand, characterize and define the extents of the mineralized zones. Both of these high-grade zones are open along strike and at depth, with little historical drilling testing the underlying basement rocks. Furthermore, Skyharbour plans to test regional targets at Moore that have been further refined with modern geophysics and new geological modelling. This drilling will take place in conjunction with the multi-phased drilling campaign this year at the adjacent Russell Lake Project. Both drilling programs will be run using the Company’s McGowan Lake camp on Highway 914 as a base of operations, making exploration at both properties very cost-effective. In total, the company plans to drill 16,000 – 18,000 metres in 35 – 45 drill holes across the projects in 2025.

Moore Uranium Project Overview:

In June 2016, Skyharbour secured an option to acquire Denison Mine’s Moore Uranium Project, on the southeastern side of the Athabasca Basin, in northern Saskatchewan and has since fulfilled its earn-in. The project consists of 12 contiguous claims totaling 35,705 hectares located 42 kilometres northeast of the Key Lake mill, approx. 15 kilometres east of Denison’s Wheeler River project, and 39 kilometres south of Cameco’s McArthur River uranium mine. Unconformity-hosted uranium mineralization was discovered on the Moore Project at the Maverick Zone with historical drill highlights consisting of 4.03% eU ₃ O ₈ over 10 metres, including 20% eU ₃ O ₈ over 1.4 metres, in ML-161. In 2017, Skyharbour announced drill results of 6.0% U ₃ O ₈ over 5.9 metres, including 20.8% U ₃ O ₈ over 1.5 metres at a vertical depth of 265 metres, in hole ML-199. In addition to the Main and East Maverick Zones, the project hosts other mineralized targets with strong discovery potential which the Company plans to test with future drill programs. The project is fully accessible via winter and ice roads which simplifies logistics and lowers costs. Large proportions of the property are accessible in the summer as well.

Moore Lake Uranium Project Geophysics Map:
‎ http://skyharbourltd.com/_resources/maps/MooreLake-Basic-geo-revamp.jpg

Qualified Person:

The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed and approved by Serdar Donmez, P.Geo., VP of Exploration for Skyharbour, as well as a Qualified Person.

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 interest in thirty-six projects covering over 614,000 hectares (over 1.5 million acres) 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 in several zones at the Maverick Corridor. Adjacent to the Moore Project is the Russell Lake Uranium Project, in which Skyharbour is operator with joint-venture partner RTEC. The project hosts widespread uranium mineralization in drill intercepts over a large property area with exploration upside potential. The Company is actively advancing these projects through exploration and drilling programs.

Skyharbour also has joint ventures with industry leader Orano Canada Inc., Azincourt Energy, and Thunderbird Resources at the Preston, East Preston, and Hook Lake Projects, respectively. The Company also has several active earn-in option partners, including CSE-listed Basin Uranium Corp. at the Mann Lake Uranium Project; TSX-V listed North Shore Uranium at the Falcon Project; UraEx Resources at the South Dufferin and Bolt Projects; Hatchet Uranium at the Highway Project; CSE-listed Mustang Energy at the 914W Project; and TSX-V listed Terra Clean Energy at the South Falcon East Project. In aggregate, Skyharbour has now signed earn-in option agreements with partners that total to over $36 million in partner-funded exploration expenditures, over $20 million worth of shares being issued, and $14 million in cash payments coming into Skyharbour, assuming that these partner companies complete their entire earn-ins at the respective projects.

Skyharbour’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Skyharbour’s Uranium Project Map in the Athabasca Basin:
https://www.skyharbourltd.com/_resources/images/SKY_SaskProject_Locator_2024-11-21_v1.jpg

To find out more about Skyharbour Resources Ltd. (TSX-V: SYH) visit the Company’s website at www.skyharbourltd.com .

Skyharbour Resources Ltd.

‘Jordan Trimble’
_________________________________
Jordan Trimble
President and CEO

For further information contact myself or:
Nicholas Coltura
Investor Relations Manager
Skyharbour Resources Ltd.
‎Telephone: 604-558-5847
‎Toll Free: 800-567-8181
‎Facsimile: 604-687-3119
‎Email: info@skyharbourltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act’) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

This release includes certain statements that may be deemed to be ‘forward-looking statements’. All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements, including the Private Placement. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, regulatory approvals, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

Walker Lane Resources Ltd. (TSX-V: WLR) (Frankfurt:ZM5P) (‘WLR’ or the ‘Company’) is pleased to announce the terms to its best efforts non-brokered private placement. The proposed terms are to issue 4,000,000 non-flow through units at a price of C$0.12 per unit (the NFT Units’) and 6,000,000 flow-through units at a price of $0.14 per unit (the ‘ FT Units’) of the Company for aggregate gross proceeds of up to C$1,320,000 (collectively, the ‘ Offering ‘).  There may be agents who will be acting as finder on behalf of the Company in relation to the Offering.

Each Unit will consist of one common share of the Company (each, a ‘ Unit Share ‘) and one full Warrant.  Each whole Warrant will entitle the holder thereof to acquire one non-flow-through common share of the Company (each, a ‘ Warrant Share ‘) at a price of C$0.16 per Warrant Share for a period of 24 months from the closing date of the Offering.  The proposed closing date of the Offering is on or before

The net proceeds from the sale of Units will be used to;

• fund property expenses and exploration at the WLR’s properties in Yukon, British Columbia and Nevada which may include drilling activities on its Amy Project in British Columbia, pending receipt of an exploration permit, or other properties; and
• general working capital,

The Company may pay finders’ fees comprised of cash and non-transferable warrants (the ‘ Finder’s Warrants ‘) in connection with the Offering, subject to compliance with the policies of the TSX Venture Exchange. The terms of the Finder’s Warrants will be the same as the Warrants distributed in the Units. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance. Closing is subject to customary closing conditions including, but not limited to, the negotiation and execution of subscription agreements and receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange.

The securities being offered will not be registered under the U.S. Securities Act of 1933, as amended (the ‘U.S. Securities Act’ ), or any applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or ‘U.S. persons,’ as such term is defined in Regulation S promulgated under the U.S. Securities Act, absent registration or an exemption from such registration requirements.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Qualified Person

Qualified Person Kevin Brewer, a registered professional geoscientist, is the Company’s President and CEO, and Qualified Person (as defined by National Instrument 43-101). He has given his approval of the technical information pertaining reported herein. The Company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.

About Walker Lane Resources Ltd.

Walker Lane Resources Ltd.  is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane Gold Trend District in Nevada (i.e., Tule Canyon, Cambridge and Silver Mountain) and the Rancheria Silver District in Yukon/B.C. (Amy and Silver Hart/Blue Heaven) and Logjam ( Yukon). The Company intends to initiate an aggressive exploration program to advance the Amy (Rancheria Silver, B.C.) projects through an aggressive drilling program to resource definition stage in the near future. An exploration  permit application is currently being reviewed for the Amy Project.

On behalf of the Board:
‘Kevin Brewer’
Kevin Brewer, President, CEO and Director
Walker Lane Resources Ltd.

For Further Information and Investor Inquiries:

Kevin Brewer,
P. Geo., MBA, B.Sc. (Hons), Dip. Mine Eng.
President, CEO and Director
Tel: (709) 327 8013
kbrewer80@hotmail.com
Suite 1600-409 Granville St., Vancouver, BC, V6C 1T2

Cautionary and Forward Looking Statements

This press release and related figures, contain certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘anticipate’, ‘plans’, ‘continue’, ‘estimate’, ‘expect’, ‘may’, ‘will’, ‘project’, ‘predict’, ‘potential’, ‘should’, ‘believe’ ‘targeted’, ‘can’, ‘anticipates’, ‘intends’, ‘likely’, ‘should’, ‘could’  or grammatical variations thereof and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this presentation. These forward-looking statements include, but are not limited to, statements concerning: our strategy and priorities including certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws, including statements regarding the Tule Canyon, Cambridge, Silver Mountain, and Shamrock Properties in Nevada (USA), and its properties including Silverknife and Amy properties in British Columbia, the  Silver Hart, Blue Heaven and Logjam properties in Yukon and the Bridal Veil property in Newfoundland and Labrador all of which now comprise the mineral property assets of WLR. WLR has assumed other assets of CMC Metals Ltd. including common share holdings of North Bay Resources Inc. and all conditions and agreements pertaining to the sale of the Bishop mill gold processing facility and remain subject to the condition of the option of the Silverknife property with Coeur Mining Inc. These forward-looking statements reflect the Company’s current beliefs and are based on information currently available to the Company and assumptions the Company believes are reasonable. The Company has made various assumptions, including, among others, that: the historical information related to the Company’s properties is reliable; the Company’s operations are not disrupted or delayed by unusual geological or technical problems; the Company has the ability to explore the Company’s properties; the Company will be able to raise any necessary additional capital on reasonable terms to execute its business plan; the Company’s current corporate activities will proceed as expected; general business and economic conditions will not change in a material adverse manner; and budgeted costs and expenditures are and will continue to be accurate.

Actual results and developments may differ materially from results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties, including: public health threats; fluctuations in metals prices, price of consumed commodities and currency markets; future profitability of mining operations; access to personnel; results of exploration and development activities, accuracy of technical information; risks related to ownership of properties; risks related to mining operations; risks related to mineral resource figures being estimates based on interpretations and assumptions which may result in less mineral production under actual conditions than is currently anticipated; the interpretation of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; changes in operating expenses; changes in general market and industry conditions; changes in legal or regulatory requirements; other risk factors set out in this presentation; and other risk factors set out in the Company’s public disclosure documents. Although the Company has attempted to identify significant risks and uncertainties that could cause actual results to differ materially, there may be other risks that cause results not to be as anticipated, estimated or intended. Certain of these risks and uncertainties are beyond the Company’s control. Consequently, all of the forward-looking statements are qualified by these cautionary statements, and there can be no assurances that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences or benefits to, or effect on, the Company.

The information contained in this presentation is derived from management of the Company and otherwise from publicly available information and does not purport to contain all of the information that an investor may desire to have in evaluating the Company. The information has not been independently verified, may prove to be imprecise, and is subject to material updating, revision and further amendment. While management is not aware of any misstatements regarding any industry data presented herein, no representation or warranty, express or implied, is made or given by or on behalf of the Company as to the accuracy, completeness or fairness of the information or opinions contained in this presentation and no responsibility or liability is accepted by any person for such information or opinions. The forward-looking statements and information in this presentation speak only as of the date of this presentation and the Company assumes no obligation to update or revise such information to reflect new events or circumstances, except as may be required by applicable law. Although the Company believes that the expectations reflected in the forward-looking statements and information are reasonable, there can be no assurance that such expectations will prove to be correct. Because of the risks, uncertainties and assumptions contained herein, prospective investors should not read forward-looking information as guarantees of future performance or results and should not place undue reliance on forward-looking information. Nothing in this presentation is, or should be relied upon as, a promise or representation as to the future. To the extent any forward-looking statement in this presentation constitutes ‘future-oriented financial information’ or ‘financial outlooks’ within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the anticipated market penetration and the reader is cautioned that this information may not be appropriate for any other purpose and the reader should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking statements generally, are, without limitation, based on the assumptions and subject to the risks set out above. The Company’s actual financial position and results of operations may differ materially from management’s current expectations and, as a result, the Company’s revenue and expenses. The Company’s financial projections were not prepared with a view toward compliance with published guidelines of International Financial Reporting Standards and have not been examined, reviewed or compiled by the Company’s accountants or auditors. The Company’s financial projections represent management’s estimates as of the dates indicated thereon.