Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) (‘Skyharbour’ or the ‘Company’) is pleased to announce that its earn-in option partner, UraEx Resources Inc. (‘UraEx’), has commenced an inaugural 2,600-metre diamond drilling program at the South Dufferin Uranium Project (‘South Dufferin’ or the ‘Property’) located immediately south of the southern margin of the Athabasca Basin, proximal to Cameco’s Centennial deposit. UraEx can earn an initial 51% in the Property through CAD $4,600,000 in combined project consideration and up to 100% through $9,800,000 in combined project consideration consisting of cash and share payments as well as exploration expenditures over a five-year period.

  South Dufferin Property Map:  
https://skyharbourltd.com/_resources/images/SKY_SouthDufferin.jpg  

  2025 Exploration Program at South Dufferin:  

UraEx has initiated a fully-funded, comprehensive diamond drilling program for the summer of 2025, with approximately 2,600 metres of drilling planned across 8 to 12 drill holes. This is the first drilling program at the project in over six years. The helicopter-supported program is designed to test the southern extension of the Dufferin Lake Fault, which is interpreted to be the southern continuation of the structural corridor that hosts Cameco’s Centennial deposit and Dufferin Lake zone to the north. Drilling operations will be carried out by Apex Geoscience Ltd., under the supervision of Apex personnel, and with operations based out of a local contracting camp with helicopter support for daily drilling operations. The program will run through the summer and the budget for the program is approximately CAD $1.5 million funded by UraEx.

Drilling will prioritize high-potential target areas characterized by historical geochemical anomalies, gravity low signatures, and structural complexity along north-northeast-trending brittle fault corridors on the South Dufferin property. These features are interpreted to represent favourable pathways for uranium-bearing fluids and are considered key indicators for basement-hosted, high-grade uranium mineralization in the Athabasca Basin.

Tom Meredith, CEO and Director of UraEx stated: ‘Bordering Cameco’s Centennial project is surely a clear indication of our drill targets potential. The Athabasca Basin is the world’s leading uranium district, responsible for roughly 20% of global production and home to several tier-one discoveries. It has been well explored and understood for many years attracting billions of dollars of investment. Making a discovery is our fundamental goal and our technical team is excited with these targets.’

  South Dufferin Property Summary:  

The South Dufferin project totals 13,204 hectares in ten claims and is located immediately south of the southern margin of the Athabasca Basin in northern Saskatchewan. The property covers the southern extension of the Virgin River Shear Zone, which hosts known high-grade uranium mineralization at Cameco’s Dufferin Lake zone approximately 13 kilometres to the north (highlight historical drill results of 1.73% U ₃ O ₈ over 6.5 metres) and Cameco’s Centennial deposit approximately 25 kilometres to the north (includes historical drill results up to 8.78% U ₃ O ₈ over 33.9 metres).

  South Dufferin Property Map:  
https://skyharbourltd.com/_resources/images/SKY_SouthDufferin.jpg  

Historical exploration work on South Dufferin consists of airborne EM, magnetic, gravity and radiometric surveys, lake water and sediment sampling, prospecting and ground-truthing of airborne anomalies, geological mapping, and diamond drilling. Some of the historical drill holes intersected elevated uranium with locally anomalous base metal and boron concentrations as well as significant clay alteration.

Exploration potential exists for basement-hosted uranium mineralization associated with the Dufferin Lake fault and parallel faults within the Virgin Lake Shear zone. With numerous mineralized showings to the north of the project, exploration efforts at South Dufferin have advanced the project to a discovery-ready state. Significant exploration potential exists for basement-hosted uranium mineralization associated with the Dufferin Lake fault, which has an apparent offset of >200 m, and numerous other parallel faults within the Virgin River Shear zone. The project is drill-ready with several prospective targets warranting follow up work.

Most of the claims are in good standing for several years and there are no underlying royalties on the property except for a 2% NSR on one of the claims owned by a third-party.

  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 Exploration for Skyharbour as well as a Qualified Person.

  About UraEx Resources Inc.:  

UraEx Resources Inc. is currently a private company focused on uranium projects in the Athabasca Basin where it has an option to earn-in at the South Dufferin and Bolt projects. The company is planning for upcoming drill programs at the projects as well as a go-public transaction soon. UraEx is run by mining-industry executives and is backed by financiers in the investment industry.

  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.

Sun Summit Minerals Corp. (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) (‘Sun Summit’ or the ‘Company’) is pleased to provide an update from its ongoing project-wide exploration program at the JD Project, Toodoggone Mining District, north-central British Columbia (the ‘JD Project’). Drilling has now commenced with over 5,000 meters of drilling planned.

Highlights:

• Drilling has now started: The drill rig is currently advancing the first hole on the northwestern extent of the Creek Zone. Up to 3,000 meters of drilling is planned at the Creek Zone designed to investigate the extent and continuity of near-surface, high-grade and bulk-tonnage gold mineralization. Historical and recent highlight intercepts include:

  • 122.53 m of 2.11 g/t Au including 1.5 of 121.0 g/t Au (CZ-24-004⁷)

  • 54.95 m of 2.69 g/t Au including 19.50 m of 7.31 g/t Au (CZ-24-005⁸)

  • 22.0 m of 11.7 g/t Au including 4.0 m of 61.2 g/t Au (CZ97-008⁵)

• Up to 2,000 meters of drilling planned at the Finn Zone to be completed following the Creek Zone drilling: Holes are designed to evaluate the extent and continuity of high-grade and bulk-tonnage gold mineralization. Historical highlight intercepts include:

  • 35.7 m of 7.26 g/t Au including 1 m of 215.4 g/t Au (JD95-047²⁾

  • 25.9 m of 6.42 g/t Au including 6.1 m of 12.8 g/t Au (JD94-015¹)

  • 22.0 m of 6.32 g/t Au including 12.6 m of 10.8 g/t Au (JD12-003³)

• Project-wide exploration activities focused on drill target refinement are ongoing, including:

  • Over 20-line km of induced polarization (IP) geophysics has been completed along the JD Porphyry Trend.

  • Over 1,000 soil samples have now been collected across the Belle South grid, the southern extent of the JD Porphyry trend.

  • Geological mapping and prospecting are ongoing with a current focus on McClair Creek which transects the JD Porphyry Trend. Mapping has also been completed along the Finn to Creek Corridor as well as the Oxide Peak West target.

‘It’s exciting to see the drill rig turning on the first hole of our fully funded $6 million exploration program,’ said Niel Marotta, CEO of Sun Summit Minerals. ‘This year’s campaign is focused on advancing and expanding the Creek and Finn gold-silver targets, while also generating and refining new priority targets across the JD Project. With several large regional programs underway in the northern Toodoggone, we expect a steady stream of news throughout the season, including drill results from our own aggressive 5,000 metre program.’

JD Exploration Program

The primary exploration goals at the JD Project are to advance and expand the Creek and Finn gold-silver targets and to generate and refine new priority targets across the project. Work is currently focused on the highly prospective 4.5 km long epithermal-related Finn to Creek corridor, as well as the 12 km long JD Porphyry trend (Figure 2).

Drilling update: Drilling has now commenced with the rig advancing the first hole of the program at the Creek Zone. Up to 3,000 meters of drilling is planned at the Creek Zone with holes designed to investigate the extent and continuity of near-surface, high-grade and bulk-tonnage gold mineralization (e.g., 122.53 m of 2.11 g/t Au including 1.5 of 121.0 g/t Au in CZ-24-004⁷ and 22.0 m of 11.7 g/t Au including 4.0 m of 61.2 g/t Au in CZ97-008⁵_, Figure 3). Following completion of the Creek Zone holes, the drill rig will move to the Finn zone where up to 2,000 meters of drilling is planned with holes designed to evaluate the extent and continuity of near-surface high-grade and bulk-tonnage gold mineralization (Figure 4).

Target generation update: Project-wide exploration activities aimed at target generation and drill target refinement are ongoing, including:

• Over 20-line km of induced polarization (IP) geophysical surveying has been completed along the JD Porphyry trend east of the Finn Zone. Additional surveying is planned across parts of the Finn to Creek corridor to infill historical gaps.
• Over 1,000 soil samples have now been collected across the Belle South grid, southern extent of the porphyry trend (Figure 2). Once complete, sampling will continue across the Kadah grid which covers a highly prospective area south of the Finn to Creek corridor lacking historical soil coverage.
• Geological mapping and prospecting are ongoing with a current focus on McClair Creek which transects the JD Porphyry trend. Mapping has also been completed along the Finn to Creek corridor as well as the Oxide Peak West target. Mapping will continue east towards the East McClair target (Figure 2).

Timeline: Drilling and complementary exploration activities are anticipated to continue into September.

Figure 1.Map of the Toodoggone District showing the location of the JD Project in relation to other development and exploration projects. Data sourced from Thesis, TDG and Centerra’s corporate websites.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/258684_8e19fa8484293969_001full.jpg

Figure 2. Map of the JD Project showing the broad JD Porphyry trend and the epithermal-related Finn to Creek Corridor. Planned areas for IP and soil surveys are shown in grey. Key targets are highlighted.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/258684_8e19fa8484293969_002full.jpg

Figure 3. Map of the Creek Zone showing drill collar locations with selected highlights. The area targeted for 2025 drilling is outlined in red. See references below for data sources.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/258684_8e19fa8484293969_003full.jpg

Figure 4.Map of the Finn Zone showing historical drill collar locations with selected highlights. The area targeted for 2025 drilling is outlined in red. See references below for data sources.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6142/258684_8e19fa8484293969_004full.jpg

National Instrument 43-101 Disclosure and Disclaimer

This news release has been reviewed and approved by Sun Summit’s Vice President Exploration, Ken MacDonald, P. Geo., a ‘Qualified Person’ as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. Some technical information contained in this release is historical in nature and has been compiled from public sources believed to be accurate. The historical technical information has not been verified by Sun Summit and may in some instances be unverifiable dependent on the existence of historical drill core and grab samples. Historical results are no indication of future results.

Community Engagement

Sun Summit is engaging with First Nations on whose territory our projects are located and is discussing their interests and identifying contract and work opportunities, as well as opportunities to support community initiatives. The Company looks forward to continuing to work with local and regional First Nations with ongoing exploration.

About the JD Project

The JD Project is located in the Toodoggone mining district in north-central British Columbia, a highly prospective deposit-rich mineral trend. The project covers an area of over 15,000 hectares and is in close proximity to active exploration and development projects, such as Thesis Gold’s Lawyers and Ranch projects, TDG Gold’s Baker-Shasta projects, Amarc Resources’ AuRORA project, Centerra Gold’s Kemess East and Underground projects, as well as the past-producing Kemess open pit copper-gold mine.

The project is 450 kilometres northwest of the city of Prince George, and 25 kilometres north of the Sturdee airstrip. It is proximal to existing infrastructure in place to support the past-producing Kemess mine, including roads and a hydroelectric power line.

The JD Project is in a favourable geological environment characterized by both high-grade epithermal gold and silver mineralization, as well as porphyry-related copper and gold mineralization. Some historical exploration, including drilling, geochemistry and geophysics, has been carried out on the property, however the project area is largely underexplored.

About Sun Summit

Sun Summit Minerals (TSX-V: SMN; OTCQB: SMREF) is a mineral exploration company focused on the discovery, expansion and advancement of district scale gold and copper assets in British Columbia. The Company’s diverse portfolio includes the JD and Theory projects in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.

Further details are available at www.sunsummitminerals.com.

References

1. Hawkins, P.A. (1998), 1997 Exploration Report on the Creek Zone for Antares Mining and Exploration Corporation and AGC Americas Gold Corporation, JD Property, Toodoggone River Area, Omineca Mining Division, Internal Report #98-065-1.

Link to Figures

Figure 1: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-1.jpg 

Figure 2: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-2-scaled.jpg 

Figure 3: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-3-scaled.jpg

Figure 4: https://wp-sunsummitminerals-2024.s3.ca-central-1.amazonaws.com/media/2025/06/SMN_JD_Plans_20250618_Fig-4-scaled.jpg 

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as ‘anticipate’, ‘will’, ‘expect’, ‘may’, ‘continue’, ‘could’, ‘estimate’, ‘forecast’, ‘plan’, ‘potential’ and similar expressions. Forward-looking statements contained in this news release may include, but are not limited to the size and scope of the drill program at the JD Project; the Company’s exploration plans, forecasts and timing of said plans; and the potential for positive findings, if any, from the drill program. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the Company’s ability to complete the drill program as currently contemplated; risks inherent in exploration activities; the ability of the Company to find and verify any mineralization; volatility and sensitivity to market prices; fluctuations in metal prices. The forward-looking statements contained in this news release are made as of the date hereof or the dates specifically referenced in this news release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Further details about the risks applicable to the Company are contained in the Company’s public filings available on SEDAR+ (www.sedarplus.ca), under the Company’s profile.

Neither the TSX Venture Exchange (the ‘TSXV‘) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258684

Apollo Silver Corp. (‘ Apollo ‘ or the ‘ Company ‘) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that it has entered into an investor relations agreement (the ‘Agreement’) with Matthews Investments, to provide investor relations services to the Company, as defined in accordance with the policies of the TSX Venture exchange (‘TSXV’) and applicable securities laws. Matthews Investments will receive consideration of C$7000month, payable monthly in arrears, for an initial term of three months, with the option for the Company to renew on a quarterly basis thereafter.

Matthews Investments, a company based in Vancouver, British Columbia, provides IR consulting services for public companies. Founding CEO, Richard Matthews, is an IR expert with more than 15 years of experience and with deep expertise in the mining industry. He has held senior management and board roles at Canadian publicly listed companies and has run highly successful, international IR programs. Neither Matthews Investments nor any of its principals hold, directly or indirectly, any securities of Apollo, however, they have advised that they may participate in a future financing or acquire shares in the open market.

The Agreement is subject to the approval of the TSXV.

  About Apollo Silver Corp.  

Apollo has assembled an experienced and technically strong leadership team who have joined to advance quality precious metals projects in sought after jurisdictions. The Company is focused on advancing its portfolio of two prospective silver exploration and resource development projects, the Calico Project, in San Bernardino County, California and the Cinco de Mayo Project, in Chihuahua, Mexico.

Please visit www.apollosilver.com for further information.

  ON BEHALF OF THE BOARD OF DIRECTORS  

Ross McElroy
President and CEO

  For further information, please contact:  

Email: info@apollosilver.com
Telephone: +1 (604) 428-6128

  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 release.  

Stallion Uranium Corp. (the ‘ Company ‘ or ‘ Stallion ‘ ) (TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0) is pleased to report the results from the 3D inversion of ground gravity data over the Coyote Target, located within the Southwestern Athabasca Basin Joint Venture (‘ JV ‘) Project in partnership with Atha Energy Corp. (‘Atha Energy’) (TSX-V: SASK) .

‘The inversion modelling at Coyote has delineated a laterally extensive and coherent gravity low, spatially coincident with a structurally complex corridor exhibiting attributes characteristic of fertile uranium-bearing systems within the Athabasca Basin,’ said Matthew Schwab, CEO of Stallion Uranium Corp. ‘The robustness of the geophysical anomaly, in conjunction with the structural and lithological setting, provides compelling evidence supporting Coyote as a high-priority target for drill testing.’

  Highlights:  

• 3D gravity inversion completed and interpreted by leading geophysical experts specializing in the Athabasca Basin

 

• Identified multiple gravity-low anomalies along a major conductive corridor

 

• A prominent, coherent gravity-low feature interpreted as a zone of alteration along an interpreted structural corridor

 

• Strong correlation between the gravity anomalies and conductive breaks identified from the MobileMT survey

 

The inversion results highlight a gravity-low anomaly commonly associated with significant uranium mineralization systems in the Athabasca Basin. The modelled anomaly defines the low-density feature’s depth extent, shape, and continuity, further supporting the potential for large-scale uranium alteration at Coyote.

‘The 3D gravity inversion provides a powerful validation of the overall prospectivity at Coyote,’ said Darren Slugoski, Vice President, Exploration at Stallion Uranium. ‘The inversion highlights a series of at least five compelling targets within an 8.5 km corridor. We are well-positioned to take the next steps toward discovery with a subsequent ground EM survey (currently being interpreted by Convolutions Geoscience) in addition to a focused and systematic drill program.’

The inversion results visualize subsurface density variations, with the anomaly’s geometry and intensity suggesting prolonged fluid movement and alteration; critical vectors toward uranium mineralization. The alignment of the gravity-low with previously defined conductive trends and interpreted structural corridors underscores a compelling geological model. The results validate the exploration strategy at Coyote and refine the prioritization of drill targets based on integrated geophysical and structural frameworks.

   Figure 1    : Results of Ground Gravity Density Inversion at the Unconformity Depth

  Background; Regional First Vertical Derivative Magnetics, targets denoted by purple outlines  

‘The 3D gravity inversion model at Coyote reveals a well-defined low-density anomaly that is both laterally extensive and vertically continuous,’ said Kyle Patterson, P. Geo., Principal Geophysicist at Convolutions Geoscience, a leading consulting firm specializing in advanced geophysical modelling and geologic integration. ‘This type of geophysical signature is commonly associated with deep-seated structural zones and extensive hydrothermal alteration; both key indicators in targeting basement-hosted uranium deposits in the Athabasca Basin. The spatial correlation with interpreted MobileMT conductors, observed alteration patterns, and interpreted shear zones further support the interpretation that the Coyote project hosts the ideal geological pathfinders for a significant uranium system.’

   Figure 2    : Results of 3D Gravity Inversion

  Conductors interpreted from previous MobileMT Survey  

  About Kyle Patterson:  

Kyle Patterson, P. Geo., is the Chief Geophysicist and founder of Convolutions Geoscience, a geophysical consulting firm specializing in advanced modelling and interpretation techniques for mineral exploration. With over 15 years of experience in the industry and a focus on high-resolution geoscientific data integration in the Athabasca Basin, Kyle has worked extensively with uranium explorers to define and refine targets using gravity, magnetics, and EM inversion modelling. His expertise is in interpreting complex structural and alteration systems, bridging geophysics with geological understanding to drive discovery-focused exploration.

  Gravity Data Inversion:  

Convolutions Geoscience inverted the ground gravity data, utilizing industry-standard 3D inversion techniques to estimate subsurface density variations from the processed gravity data. The objective was to assist in delineating alteration zones of interest for uranium exploration.

Convolutions Geoscience carried out a 3D inversion of the gravity data to create a voxel product of subsurface density anomalies using the industry-standard Fullagar Vertical Prism Magnetic and Gravity (VPmg) codes. The inputs into the inversion were the free air anomaly from the dataset; lake bathymetry data for water depth; digital terrain model (DTM) for the project area, in addition to NASA Shuttle Radar Topography Mission (SRTM) data for surrounding areas; and density constraints for sandstone cover rocks above the unconformity as well as basement rocks below the unconformity. Convolutions created a VPmg gravity inversion using 40m x 40m surface XY blocks and Z blocks of 10m at the surface, increasing by 5% at depth. The total model block depth exceeds 10km.

  Qualifying Statement:  

The foregoing scientific and technical disclosures for Stallion Uranium have been reviewed by Darren Slugoski, P.Geo., VP Exploration, a registered member of the Professional Engineers and Geoscientists of Saskatchewan. Mr. Slugoski is a Qualified Person as defined by National Instrument 43-101.

Kyle Patterson, P.Geo., President of Convolutions Geoscience, has reviewed the foregoing scientific and technical disclosures for Convolutions Geoscience Corporation. Kyle is a registered member of the Professional Engineers and Geoscientists of Saskatchewan and the Engineers and Geoscientists of British Columbia.

  About Stallion Uranium Corp.:  

 Stallion Uranium is working to ‘Fuel the Future with Uranium’ through the exploration of roughly 1,700 sq/km in the Athabasca Basin, home to the largest high-grade uranium deposits in the world. The company, with JV partner Atha Energy holds the largest contiguous project in the Western Athabasca Basin adjacent to multiple high-grade discovery zones.

Our leadership and advisory teams are comprised of uranium and precious metals exploration experts with the capital markets experience and the technical talent for acquiring and exploring early-stage properties. For more information visit stallionuranium.com .

  On Behalf of the Board of Stallion Uranium Corp.:  

Matthew Schwab
CEO and Director

  Corporate Office:  
700 – 838 West Hastings Street,
Vancouver, British Columbia,
V6C 0A6

T: 604-551-2360
info@stallionuranium.com  

  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 release.  

  This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, ‘forward-looking statements’) that relate to the Company’s current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as ‘will likely result’, ‘are expected to’, ‘expects’, ‘will continue’, ‘is anticipated’, ‘anticipates’, ‘believes’, ‘estimated’, ‘intends’, ‘plans’, ‘forecast’, ‘projection’, ‘strategy’, ‘objective’ and ‘outlook’) are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this material change report should not be unduly relied upon. These statements speak only as of the date they are made.  

  Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this presentation are expressly qualified in their entirety by this cautionary statement .

Photos accompanying this announcement are available at:

  https://www.globenewswire.com/NewsRoom/AttachmentNg/f216b8e9-3d02-444b-855b-60f0a334a288  

  https://www.globenewswire.com/NewsRoom/AttachmentNg/78072d01-85ae-495d-b249-38a69824b43a  

(TheNewswire)

  The net proceeds raised from the Offering will be used to advance the high-grade El Potrero gold-silver project in Durango, Mexico, and for general working capital.  

  Mr. Michael Kott, Pinnacle’s largest shareholder, and an insider of the Company, has indicated his intention to subscribe for 2,400,000 units, or 12% of the financing.  Other Insiders of the company will also be participating in the offering.  The participation of the insiders in the offering will constitute a related-party transaction for the purposes of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions).  The Company is exempt from the requirements to obtain a formal evaluation or minority shareholder approval in connection with the insider participation in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the securities issued, nor the fair market value of the consideration for the securities issued will exceed 25 per cent of the company’s market capitalization as calculated in accordance with MI 61-101.  

  ‘We sincerely appreciate Michael’s continued support in this financing,’ stated Robert Archer, Pinnacle’s President & CEO.  ‘He shares our vision of building a new Americas-focused silver and gold company and advancing El Potrero is a significant step on that journey.’  

  All securities to be issued will be subject to a four-month hold period from the date of issuance and subject to TSX Venture Exchange approval.  The securities offered have not been registered under the   United States Securities Act of 1933   , as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.  

      About Pinnacle Silver and Gold Corp.  

  Pinnacle   is   focused   on   district-scale   exploration   for   precious   metals   in the Americas.  The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production   .   In the prolific   Red   Lake   District   of   northwestern   Ontario, the Company owns a 100%   interest in the   past-producing,   high-   grade   Argosy   Gold   Mine and the adjacent North Birch   Project   with an eight-kilometre-long target horizon   .   With   a   seasoned,   highly   successful   management   team   and   quality   projects,   Pinnacle   Silver   and   Gold   is committed   to   building   long   -term   ,   sustainable   value   for   shareholders.  

  Signed: ‘Robert A. Archer’  

  President & CEO  

    For further information contact   :  

  Email:     info@pinnaclesilverandgold.com    

  Tel.:  +1 (877) 271-5886 ext. 110  

    Website:     www.pinnaclesilverandgold.com    

  Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release   .  

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