Scout Drilling Discovered the Extension of the High-grade Merten Vein Creating an Opportunity to Expand the Dpb Resource up to 1,200 Metres to the East

SCOUT PROGRAM HIGHLIGHTS:

• Assay results from the Company’s reverse circulation Scout Drill Program (see March 31, 2025 news) returned significant gold & silver values in 7 drillholes that successfully expanded the footprint of mineralization up to 1,200 metres from the east of the existing DPB resource toward the historic Ohio mine;

 

• These intercepts cover a new zone of silver and gold interpreted to be the outer ring structure of the Fraction caldera, and are not included in the 2024 resource;

 

• A fully funded 15 drillhole program totalling up to 5,000 metres is underway; and

 

• Results from this program will be incorporated into an updated Mineral Resource Estimate in Q1, 2026.

 

Vancouver, British Columbia–(Newsfile Corp. – July 21, 2025) – Blackrock Silver Corp. (TSXV: BRC,OTC:BKRRF) (OTCQX: BKRRF) (FSE: AHZ0) (‘Blackrock‘ or the ‘Company‘) announces commencement of a fully-funded expansion drill program (‘Expansion Program’) to follow up on the successful Scout Drilling campaign that expanded the DPB South zone 1,200 metres in an easterly direction on its 100% owned Tonopah West project located in Nye and Esmeralda Counties, Nevada, United States.

The Expansion Program will utilize one Reverse Circulation (RC) drill overseen by Legacy Drilling and two core drill rigs operated by Alloy Drilling to complete 2,450 metres (8,000 ft) of RC precollars and 2,550 metres (8,400 ft) of core tails across 15 drillholes targeting the Eastern Expansion zone between the DPB resource area and the eastern extent of the project. Drilling is anticipated to be completed in October with assay results expected through year end.

Andrew Pollard, Blackrock’s President and CEO, stated, ‘With drills now turning on this fully financed program, we’re stepping out across a 1.2-kilometre corridor with strong potential to significantly expand our mineral inventory at Tonopah West. Scout drilling confirmed the eastern extension of the high-grade Merten vein well beyond the current resource boundary, returning standout grades including 2,063 grams per tonne (g/t) silver equivalent (AgEq) (1,198 g/t silver (Ag) and 9.6 g/t gold (Au)) over 1.52 metres, and 952 g/t AgEq (10 g/t Ag and 10.5 g/t Au) over 4.57 metres. This newly defined zone, situated along the outer ring structure of the Fraction caldera, lies entirely outside our 2024 resource and presents an opportunity to quickly and meaningfully grow the scale of the project. Results from this program are expected to underpin a resource update in Q1 2026. The Company remains on track to deliver a separate resource update in Q3 2025 that will incorporate all results from the recently completed M&I conversion program.’

As announced on March 31, 2025, the Company discovered the 1,200 metre eastern extension zone representing the continuation of the outer-ring structure or Fraction caldera margin from DPB South to the historic Ohio mine. The Scout Drilling showed the Merten vein extends eastward and is arched and dips southward. This orientation suggests multiple ring structures associated with the Fraction caldera running across Tonopah West. An inner structure hosting the Victor and DPB North (Denver and Paymaster) resources, and an outer, more southern, ring structure hosting DPB South (Merten and Bermuda) and the NW Stepout resources (See Figure 1). The arching geometry of the Merten vein is similar to that described from the historic Ohio vein which was 15 metres thick when mined in the early 1900s¹. Given the geometry and location, the Merten is potentially the extension of the Ohio vein. Table 1 summarizes the Scout Drilling assay results above 150 g/t AgEq.

Table 1: Scout Drilling Program results above 150 g/t AgEq

TW25-133 returned significant silver and gold with values starting at 309-metres grading 10.46 g/t gold and 10.6 g/t silver over 4.57 metres (952 g/t AgEq), and show mineralization extends along the Merten vein for 540 meters to the east-southeast of the main DPB South resource. With the inclusion of TW25-128 which returned 9.6 g/t gold and 1198 g/t silver over 1.5-metres (2,063 g/t AgEq), the zone could be up to 1,200-metres in length.

The mineralized zone traced by these assay results is new and not included in the 2024 resource. These results could have a substantive impact on the future resource estimate.

Figure 1: Tonopah West expansion potential

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Figure 2: Drillhole location map with cross section line at location 478540E

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Figure 3: Geologic cross section along 478540E

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Quality Assurance/ Quality Control

All sampling is conducted under the supervision of the Company’s project geologists, and a strict chain of custody from the project to the sample preparation facility is implemented and monitored. The RC samples are hauled from the project site to a secure and fenced facility in Tonopah, Nevada, where they are loaded on to American Assay Laboratory’s (AAL) flat-bed truck and delivered to AAL’s facility in Sparks, Nevada. A sample submittal sheet is delivered to AAL personnel who organize and process the sample intervals pursuant to the Company’s instructions.

The RC samples are lined out at the lab and logged into AAL’s system. The samples are dried, crushed to 85% passing 10 mesh (2mm) and a 250-gram sub-sample split is collected and pulverized to 200 mesh (74 micron) in a ring and puck pulverizer. Then the pulverized material is digested and analyzed for gold using fire assay fusion and an Induced Coupled Plasma (ICP) finish on a 30-gram assay split (FA-PB30-ICP). Silver is determined using five-acid digestion and ICP analysis (ICP-5AM48). Over limits for gold and silver are determined using a gravimetric finish (GRAVAU30 and GRAVAG30). Data verification of the assay and analytical results are completed to ensure accurate and verifiable results. Blackrock personnel insert a blind prep blank, lab blank or a certified reference material approximately every 15th to 20th sample.

Qualified Persons

Blackrock’s exploration activities at Tonopah West are conducted and supervised by Mr. William Howald, Executive Chairman of Blackrock. Mr. William Howald, AIPG Certified Professional Geologist #11041, is a Qualified Person as defined under National Instrument 43-101 – Standards of Disclosure for Mineral Projects. He has reviewed and approved the contents of this news release.

About Blackrock Silver Corp.

Backed by gold and silver ounces in the ground, Blackrock is a junior precious metal focused exploration and development company driven to add shareholder value. Anchored by a seasoned Board of Directors, the Company is focused on its 100% controlled Nevada portfolio of properties consisting of low-sulphidation, epithermal gold and silver mineralization located along the established Northern Nevada Rift in north-central Nevada and the Walker Lane trend in western Nevada.

Additional information on Blackrock Silver Corp. can be found on its website at www.blackrocksilver.com and by reviewing its profile on SEDAR at www.sedarplus.ca.

Cautionary Note Regarding Forward-Looking Statements and Information

This news release contains ‘forward-looking statements’ and ‘forward-looking information’ (collectively, ‘forward-looking statements‘) within the meaning of Canadian and United States securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements in this news release relate to, among other things: the Company’s strategic plans; the timing of and successful completion of the Company’s Expansion Program at Tonopah West and the anticipated objectives and results therefrom; timing and estimates of mineral resource quantities and qualities; timing of updated resource estimates; estimates of mineralization from drilling; geological information projected from sampling results; and the potential quantities and grades of the target zones.

These forward-looking statements reflect the Company’s current views with respect to future events and are necessarily based upon a number of assumptions that, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; the historical basis for current estimates of potential quantities and grades of target zones; the availability of skilled labour and no labour related disruptions at any of the Company’s operations; no unplanned delays or interruptions in scheduled activities; all necessary permits, licenses and regulatory approvals for operations are received in a timely manner; the ability to secure and maintain title and ownership to properties and the surface rights necessary for operations; and the Company’s ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.

The Company cautions the reader that forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements contained in this news release and the Company has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data; general market and industry conditions; and those factors identified under the caption ‘Risks Factors’ in the Company’s most recent Annual Information Form.

Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable 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 release.

¹ All historic production information from Nevada Bureau of Mines & Geology, Bulletin 51

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259346

(TheNewswire)

Vancouver, British Columbia TheNewswire – July 21, 2025 : FinEx Metals Ltd. (TSX-V: FINX) (‘FinEx’ or the ‘Company’ ) is pleased to provide an update on exploration activities at its flagship Ruoppa project, situated adjacent Agnico Eagle’s Kittilä mine land position and in proximity to Rupert Resources’ Ikkari discovery in the Central Lapland Greenstone Belt in northern Finland . The Company’s 2025 field season is focused on expanding the structural and geochemical understanding of the Ruoppa area through high-resolution magnetics, surface sampling, Top of Bedrock (ToB) drilling, trenching and diamond core drilling scheduled to commence in early August.

  Exploration Highlights  

•  

    Drone Magnetic Survey Completed: ~140 km² of high-resolution aeromagnetic survey was flown to assist with geological interpretation and targeting;  

   

 

•  

    Soil Sampling Program Underway: ~500 samples will be collected across priority areas northeast of Ruoppa;  

   

 

•  

    Top-of-Bedrock Drilling Initiated: ~500 ToB samples will be collected with the goal of expanding and infilling the gold-in-soil anomaly at Ruoppa East;  

   

 

•  

    Trenching Program Underway: ~1,200 metres will be excavated to better understand geological structure, veining and lithological contacts; and  

   

 

•  

    Diamond Drilling Planned: a 2,500-metre inaugural diamond drill program is scheduled to commence on the Ruoppa East target in early August 2025 testing the zone of quartz veining that returned high-grade gold values from trenches dug in 2024.  

   

 

  Tero Kosonen, Chairman and CEO of the Company, states:   ‘With our listing on the TSX Venture Exchange successfully completed, we are rapidly advancing the various exploration targets on the Ruoppa project with an aeromagnetic survey, geochemical sampling and trenching. The upcoming drill program marks a pivotal next step as we aim to translate that groundwork into discovery.  This is a high-conviction exploration campaign and the team is working hard to execute a program designed to unlock the project’s potential.’  

  High-Resolution Drone Magnetic Survey Completed  

  FinEx recently completed a 3,080-line kilometre high-resolution drone magnetic survey covering approximately 140 square kilometres and the entirety of the Ruoppa gold project. The survey was flown with 50-metre line spacing and approximately 40 metres above ground level.  

  This high-resolution magnetic dataset provides for detailed interpretation of geological structures including shear zones, faults and major lithological contacts which are typical controls on gold mineralization in the Central Lapland Greenstone Belt and other greenstone belts worldwide.  

  Structural Lineament Interpretation in Progress  

  Building on the newly acquired drone magnetic data, FinEx is refining its regional structural interpretation to improve its understanding of the controls on mineralization. This work will be ongoing throughout July and August 2025.  

  Soil Sampling Survey Advancing  

  A regional geochemical soil sampling program is underway across priority areas northeast of the Ruoppa project area with the goal of identifying new areas of mineralisation.  

  Approximately 500 samples are planned for this program. The results will be used in conjunction with the geophysical interpretation to develop additional drill targets.  

  ToB Drill Program Underway  

  In early July, FinEx commenced a ToB drill campaign focusing on extending and infilling the known gold-in-soil anomaly at Ruoppa East, specifically targeting extensions to the east and south. Additionally, the program will be used to generate new targets to the north of the Ruoppa East target (Figure 1).  

    
Click Image To View Full Size  

  Figure 1.  Ruoppa Gold Project ToB drilling and East Target locations.  

  Up to 500 ToB samples are planned in total. These programs are a cost-effective method of targeting geologically prospective ground beneath a veneer of glacial till cover that remains untested by prior surface work or drilling (Figure 2). This ToB sampling methodology is widely used in Finland and has been used to make several discoveries including Ruppert Resources’ Ikkari deposit located approximately 53 km southeast of the Ruoppa project.  

    
Click Image To View Full Size  

  Figure 2.  Ongoing ToB (Top-of-Bedrock) sampling at the Ruoppa Gold Project.  

  Trenching Program Underway  

  In July, FinEx initiated a trenching campaign at Ruoppa East aimed at extending the principal target zone westward and southwestward. The program is designed to provide structural and lithological context, including information on vein continuity, geological contacts and structural orientations beneath the veneer of glacial till cover.  

  Approximately 1,200 metres of trenching is currently being completed (Figures 3 and 4).  Geological mapping and systematic sampling of the trenches are underway and will continue through mid-August. Channel sampling and/or continuous rock chip sampling will be conducted to support detailed geochemical and structural interpretation.  

    
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  Figure 3. Newly excavated trench at the Ruoppa East target area.  

    
Click Image To View Full Size  

Figure 4. Trench sampling at Ruoppa East.  

  Diamond Drill Campaign  

  FinEx is preparing to initiate its inaugural diamond drill program at the Ruoppa project, with drilling anticipated to commence in early August. The campaign will comprise approximately 2,500 metres of core drilling and is designed to test high-priority targets defined by earlier trenching and ToB drilling. Drilling will specifically focus on the Ruoppa East area which returned a series of high-grade gold targets that intermittently extend over approximately 2.7 km. High-grade rock grab samples from trenches include 52 samples that returned values greater than 1 g/t Au with the highest value returning 95.1 g/t Au, within a broad zone of orogenic quartz veining extending over approximately 250 m.  

  This program marks a pivotal step in evaluating the potential of mineralized trends identified at surface and advancing the Ruoppa project through systematic, technically-driven exploration.  

  For more information on the Ruoppa project, refer to the NI 43-101 Technical Report dated April 14, 2025, as filed on SEDAR+ at    www.sedarplus.ca    .  

  Stock Option Grant  

  The Company has granted 2,030,000 incentive stock options (the ‘Options’) to directors, officers, employees and consultants of the Company. Each Option is exercisable to purchase one common share of the Company at a price of $0.30 for a five-year term. 1,780,000 Options vest immediately and 250,000 Options will vest in 12 months. The Options are subject to the acceptance of the TSX Venture Exchange.  

  About FinEx Metals Ltd.  

  FinEx Metals Ltd. (TSX-V: FINX) is a gold-focused mineral exploration company with a portfolio of 100% owned, royalty free projects near existing mining operations in the Central Lapland Greenstone Belt in Finland. The Company’s flagship Ruoppa project adjoins Agnico Eagle’s Kittilä mine land position, the largest gold mine in Europe and in proximity to the land position that hosts Rupert Resources recent Ikkari discovery.  

  For more information, please visit the Company’s website at    www.finexmetals.net.   

  FinEx Metals is part of the NewQuest Capital Group, a discovery-driven investment group that builds value through the incubation and financing of mineral projects and companies. Further information about NewQuest can be found on the company website at    www.nqcapitalgroup.com.   

  Qualified Person  

  The scientific and technical information contained in this news release has been reviewed and approved by Dr. Petri Peltonen, MAusIMM(CP), EurGeol, a ‘Qualified Person’ (‘QP’) as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Peltonen is not independent by reason of being a Contractor and Shareholder of the Company.  

  On Behalf of the Board of Directors  

  Tero Kosonen  

  Chairman and Chief Executive Officer  

  +1 (604) 681-9100  

   tero@finexmetals.net   

  For further information, please contact:  

  Brennan Zerb  

  Investor Relations Manager  

  +1 (778) 867-5016  

   bzerb@nqcapitalgroup.com   

  Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.  

  Forward-Looking Statements:  

    This news release includes certain forward-looking statements and forward-looking information (collectively, ‘forward-looking statements’) within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the proposed listing on the TSX Venture Exchange, future capital expenditures, exploration activities and the specifications, targets, results, analyses, interpretations, benefits, costs and timing of them, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as ‘pro forma’, ‘plans’, ‘expects’, ‘may’, ‘should’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘intends’, ‘anticipates’, ‘believes’, ‘potential’ or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the anticipated business plans and timing of future activities of the Company, including the Company’s exploration plans and the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficient financing to fund its business activities and plans, the ability of the Company to obtain the required permits, changes in laws, regulations and policies affecting mining operations, the Company’s limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading ‘Risk Factors’ in the Company’s prospectus dated June 13, 2025 and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company’s profile on the SEDAR+ website at www.sedarplus.ca.  

  Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements, except as otherwise required by law.  

Copyright (c) 2025 TheNewswire – All rights reserved.

Stallion Uranium Corp. (the ‘ Company ‘ or ‘ Stallion ‘) ( TSX-V: STUD ; OTCQB: STLNF ; FSE: FE0 ) is pleased to announce the results from a Stepwise Moving Loop, Time Domain Electromagnetic (‘ SWML-TDEM ‘) survey completed over the high-priority Coyote Target on its Moonlite Project (Figure 1). The Coyote Target, located within the Southwestern Athabasca Basin spans claims held in partnership with Atha Energy Corp. (‘ Atha Energy ‘) ( TSX-V: SASK ) as well as claims that are 100% owned by Stallion Uranium.

  ‘These results confirm the presence of strong basement conductors beneath the Athabasca Basin sandstone, with characteristics consistent with major uranium discoveries,’ said Darren Slugoski, VP Exploration for Stallion Uranium. ‘Conductor – Coyote_14.25S, in particular, stands out as a high-priority drill target, supported by both strong geophysical response and a coincident gravity low; suggesting possible uranium alteration.’  

  ‘Coyote continues to prove one of the most promising targets in our portfolio,’ added Slugoski. ‘With strong geophysical signatures and favourable structural settings, we believe the area has potential to host a new basement-hosted uranium discovery.’  

  Highlights:  

• Stallion deployed cutting-edge Stepwise Moving Loop Time Domain EM (SWML-TDEM) technology, specifically designed for high-resolution imaging of basement-hosted uranium targets beneath Athabasca sandstone cover

 

• The survey revealed three distinct basement conductors, including two high-priority anomalies with strong conductance levels (>10 S), directly comparable to those seen at major uranium discoveries

 

• Utilizing Abitibi Geophysics’ proprietary ARMIT-TDEM sensor paired with a SMARTem24 receiver, the system achieved exceptional signal clarity and depth detection of up to 1,000 meters; key for targeting deep-rooted uranium-bearing structures

 

• All conductors lie within a gravity low; interpreted as potential uranium alteration

 

• Electromagnetic modeling confirms tabular geometry, depth potential, and favorable dips; critical vectors for high-grade basement-hosted uranium

 

• Project is 100% permitted for drilling and targeting underway for Stallion’s first drill test of this highly prospective corridor

 

  Key Conductors Identified:  

   Figure 1    : Results of SWML Plate Modeling over Ground Gravity Survey Inversion

  25 m below Unconformity  

  Interpretation:  

Conductor – Coyote_14.25S is a strong, discrete, and tabular anomaly extending 1,750 m along strike and 1,000 m in depth, dipping steeply to the southeast. Its conductance of 14.25 S places it at the upper range for Athabasca-style graphitic shears.

Conductor – Coyote_10.7S shares similar orientation and conductance (10.7 S) and is located along a lithological or structural contact; potentially a conduit for uranium-bearing fluids.

Conductor – Coyote_6.7S is a moderate conductor with a strong geometric signature, likely representing a brittle fault zone or narrow graphitic shear.

All three conductors are located within or proximal to a regional gravity low anomaly, interpreted as possible zones of uranium alteration, structural thickening, or basement faulting—key ingredients for uranium mineralization in the Basin.

   Figure 2    : Coyote Target – 3D image of SWML Plate over 3D Gravity

  Conductors interpreted from previous MobileMT Survey  

  Next Steps:  

Based on the compelling geophysical results, Stallion will integrate these findings with ongoing geological and historical data reviews to prioritize drill targets for a planned drill program at Coyote in winter 2026. The Moonlite Project is already permitted for drilling.

For visuals of the EM response and modeled conductor plates, see Figures 1 & 2.

   Figure 3    : Moonlite Project with Target Areas

  SWML-TDEM Survey:  

Abitibi Geophysics completed the SWML-TDEM survey over a single 5.8 km-long line using nine overlapping transmitter loops (each 400 m x 600 m), recording high-resolution electromagnetic responses at regularly spaced receiver stations along the profile. This survey was conducted using Abitibi Geophysics’ proprietary ARMIT-TDEM system, which captures both B-field and dB/dt responses across three components simultaneously. These two data types are sensitive to different conductivity ranges and, when combined, enhance the detection and resolution of subsurface conductors.

The use of stepwise overlapping loops improves resolution compared to fixed-loop systems and is particularly well-suited for identifying discrete conductors in the complex basement geology of the Athabasca Basin. The data were collected using 10 Hz base frequency, with robust stacking, QA/QC protocols, and real-time data validation to ensure high-quality results.

  About the Plate Modeling:  

Once field data were collected, advanced 3D modeling was conducted using EMIT Maxwell software to convert raw EM data into interpretable geological features. The modeling process used the Leroi algorithm to simulate conductive plates within a layered-earth model—a critical feature for Athabasca-style settings where strong resistivity contrasts exist above and below the unconformity.

Modeling began with verification of survey geometry and the removal of noisy or suspect readings. Conductor plates were then inserted, oriented, and refined to match the observed EM response across multiple components. The final plate models were evaluated for geological plausibility, structural coherence, and data fit. The resulting models were exported and integrated with gravity, historical, and structural datasets to prioritize drill targets with the highest discovery potential.

  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/36ffc8c7-839a-4be6-904f-8f13076b0390  

  https://www.globenewswire.com/NewsRoom/AttachmentNg/2903c801-1e65-4661-875e-1f1ea4ae4413  

  https://www.globenewswire.com/NewsRoom/AttachmentNg/a407984c-00bd-46ee-a7a8-8c09da3f3bc0  

Skyharbour Resources Ltd. (TSX-V: SYH ) (OTCQX: SYHBF ) (Frankfurt: SC1P ) ( ‘ Skyharbour ‘ or the ‘ Company ‘) is pleased to report that its partner company Terra Clean Energy Corp. (‘Terra’, previously Tisdale Clean Energy) announces results from its Winter 2025 drill program and provides an update on the upcoming summer drill program at the South Falcon East Uranium Project (the ‘Property’), which hosts the Fraser Lakes B Uranium Deposit. The Property lies 18 km outside the edge of the Athabasca Basin, approximately 50 km east of the Key Lake mill and former mine. Skyharbour optioned the Project to Terra, and under the Option Agreement, assuming the 75% interest is earned, Terra will fund exploration expenditures totaling CAD $10,500,000, as well as pay Skyharbour CAD $11,100,000 in cash, of which $6,500,000 can be settled for shares in the capital of Terra (‘Shares’) over the earn-in period.

  Map of South Falcon East Project Claims:  
https://skyharbourltd.com/_resources/maps/Sky_SouthFalconEast_20250109.jpg?v=1  

  Winter 2025 Assay Results:  

Terra conducted a helicopter-supported drill program at the South Falcon East Property earlier in the year. Seven diamond drill holes were completed at the Fraser Lakes B Uranium Deposit, for a total of 1,927 metres. The initial results of these drill holes were reported in press releases dated March 10, 2025, and April 1, 2025. During the winter drill program, 682 samples were submitted for geochemical analysis at the Geoanalytical Laboratory at the Saskatchewan Research Council in Saskatoon, Saskatchewan. Results have been received and compiled, with the results presented in Table 1.

Results highlight several wide zones of uranium mineralization in holes SF0063, SF0065, SF0066, and SF0067, which were drilled to test an inferred NW-SE trending fault cutting through the Fraser Lakes B Uranium Deposit (Figure 2). The easternmost hole, SF0065, returned 18.1 metres at 0.03% U ₃ O ₈ , including a subinterval of 0.12% U ₃ O ₈ over 1.6 metres. Another interval within this hole returned 0.13% U ₃ O ₈ over 0.51 metres within a 3.72 metres interval that ran 0.09% U ₃ O ₈ . The northernmost hole, SF0067, returned 3.87 metres at 0.05% U ₃ O ₈ , including a subinterval of 0.17% U ₃ O ₈ over 0.5 metres. This 0.5-metre interval represents the best sample of the program. Another interval within this hole returned 0.03% U ₃ O ₈ over 8.05 metres, with 0.16% U ₃ O ₈ over a 0.5 metre interval within. The best intersections of the program, which are some of the better intersections for both grade and width within the deposit, remain open to the north and the east.

When compared with previously released equivalent uranium (%eU ₃ O ₈ ) results from the downhole gamma logging, the lab results typically highlight wider intervals of mineralization with higher grades than those identified by the probe. It is not unexpected or unusual for the lab results to be higher than the equivalent gamma results. The variation can be on average, +5% to +30% higher.

  Table 1: Winter 2025 Results from the Fraser Lakes B Deposit at the South Falcon East Uranium Project:  
https://www.skyharbourltd.com/_resources/news/Table_1_Winter_2025_U3O8_results_from_the_Fraser_Lakes_B_Deposit_at_the_South_Falcon_East_Uranium_Pr.png  

The typical pathfinder elements used to vector towards uranium in the Basin, including cobalt (Co), nickel (Ni), copper (Cu), lead (Pb), and zinc (Zn), all appear elevated within the metasedimentary package hosting the mineralized pegmatites, particularly Co and Ni. Elevated Pb is closely associated with elevated uranium. Hole SF0067 contains some of the higher pathfinder values, indicating another vector towards the north.

‘The results from the winter drilling program are very encouraging’, commented Trevor Perkins, Vice President of Exploration for Terra. ‘The thick mineralized intersections within the pegmatites and graphitic sediment package are a good sign. The fact that the grades are improving to the north along the NW fault shows that we are moving in the right direction for a higher-grade discovery’, continued Mr. Perkins.

‘These are some of the best drill results to date at South Falcon,’ said Greg Cameron, CEO of Terra. ‘The drills returned multiple hits, and an 18-metre run of uranium at the established grade of the deposit is a significant and positive development. Several holes returned higher-grade values, including as much as 466 percent greater than the deposit average. These results indicate our plan to increase the size and grade of the deposit is both sound and compelling. Drilling will continue almost immediately, and we’re excited to see what the next phase reveals,’ continued Mr. Cameron.

  Upcoming Summer 2025 Drill Program:  

Terra is planning an extensive follow-up drill program this summer, consisting of approximately 2,500 metres of drilling. The purpose is to test an area highlighted in the winter 2025 program, where it is interpreted that a north-northwest-trending brittle structure, a north-dipping structure with strong clay alteration, and mineralized pegmatites with hydrothermal hematite alteration hosted in graphitic pelitic gneiss all intersect. This places many of the indicators identified as being key components for higher-grade uranium mineralization all in the same location.

It is generally accepted that for higher-grade uranium deposits in the Athabasca Basin, you require several key indicators: graphitic metasediments, brittle reactivated basement structures, reducing fluid (indicated by clay alteration), and oxidizing fluid (indicated by hematite alteration, transports uranium). All these features have now been identified in the Fraser Lakes B deposit area. The location where they are projected to intercept is considered a top-priority target area for the discovery of a higher-grade unconformity-related, basement-hosted uranium mineralization and additional mineralized pegmatites.

The upcoming program will be a helicopter-supported drill program comprising seven to ten diamond drill holes targeting an area approximately 120 to 150 metres north of drill holes SF0063, SF0065, SF0066 and SF0067, which were completed during the winter program (Figure 2). The summer field program is anticipated to commence soon and the campaign will be executed by TerraLogic Exploration Inc. under the supervision of C. Trevor Perkins, Vice President of Exploration for Terra Clean Energy. Operations will be based out of a local contracting camp with helicopter support for the daily drilling activities. The expected budget for this program is anticipated to be C$2 million.

  Figure 2: Planned Summer Drilling Area and Completed Winter Drill Holes at South Falcon East Uranium Project:  
https://www.skyharbourltd.com/_resources/images/Planned-summer-drilling-area-completed-winter-drill.png  

‘We are excited to get back in there and test where the clay alteration intersects the mineralized zone and graphitic sediment package,’ commented Trevor Perkins, Vice President of Exploration for Terra. ‘This is an exciting target as it brings together many of the key features associated with the known basement hosted unconformity deposits in and around the Athabasca Basin’, continued Mr. Perkins.

  South Falcon East Project Summary:  

The South Falcon East Project is a uranium exploration project in the southeast Athabasca Basin and represents a portion of Skyharbour Resources Ltd.’s former South Falcon Project. The project covers approximately 12,464 hectares and is located 18 kilometres outside the Athabasca Basin, roughly 50 kilometres east of the Key Lake mill.

The project hosts the Fraser Lakes B Uranium-Thorium Deposit, which contains a historical inferred resource of 6.9 million pounds U₃O₈ at an average grade of 0.03% U₃O₈ and 5.3 million pounds ThO₂ at 0.023% ThO₂. Mineralization is hosted in shallow, structurally disrupted metasedimentary rocks and pegmatites, displaying Athabasca-style basement-hosted characteristics and occurring in association with well-defined EM conductors.

  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 Terra Clean Energy Corp.:  

Terra Clean Energy (formerly Tisdale Clean Energy Corp) is a Canadian-based uranium exploration and development company. The Company is currently developing the South Falcon East uranium project, which hosts an inferred uranium resource within the Fraser Lakes B uranium/thorium deposit, located in the Athabasca Basin region, Saskatchewan, Canada.

  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 the 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  

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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.