Why Skyharbour?

1

Strong management and technical team with track record of success:

  • Jordan Trimble, B.Sc., CFA is the President, CEO and a Director. He has worked in the resource industry in various roles with TSX Venture listed companies specializing in corporate finance and strategy, shareholder communications, marketing, deal structuring and capital raising. Previous to Skyharbour, he managed the Corporate Development for Bayfield Ventures, a gold company with projects in Ontario which was acquired by New Gold (TSX: NGD). Jordan has appeared on BNN several times and presents at numerous resource conferences around North America. Mr. Trimble holds a Bachelor of Science Degree with a Minor in Commerce from UBC and he is a CFA® charterholder and serves as a director of the CFA Society Vancouver.

  • Rick Kusmirski, P.Geo, M.Sc., is the Head Geologist at Skyharbour and a Director. Known as “Radioactive Rick”, he has over 40 years of exploration experience in North America and overseas, and has actively participated in the discovery of a number of uranium, gold and base metal deposits with focused expertise on uranium in the Athabasca Basin. For several years, in his capacity as Exploration Manager, he directed Cameco Corporation's (TSX: CCO) uranium exploration projects in the Athabasca Basin. In 1999, Rick joined JNR Resources becoming Vice President of Exploration in 2000. Subsequently, he directed the exploration program that led to the discovery of the Maverick Zone on the Moore Lake (Skyharbour recent acquisition from Denison Mines and new flagship property). Rick became JNR's President and CEO in January of 2001. In February of 2013, Denison Mines Corp. (TSX: DML) successfully acquired all of the outstanding shares of JNR by way of a friendly all-share take-over bid.

  • David Cates, CPA, MAcc,  is a Director of Skyharbour. He is the President and CEO of Denison Mines (TSX: DML) and Uranium Participation Corp (TSX: U). Prior to being appointed the President and CEO position Mr. Cates served as Denison's Vice President Finance, Tax and Chief Financial Officer. As Chief Financial Officer, Mr. Cates played a key role in the Company's mergers and acquisitions activities - leading the acquisition of Rockgate Capital Corp. and International Enexco Ltd. Mr. Cates joined Denison in 2008 and held the position of Director, Taxation prior to his appointment as Chief Financial Officer. Prior to joining the Company, Mr. Cates held positions at Kinross Gold Corp. and PwC LLP with a focus on the resource industry.

  • Paul Matysek, M.Sc., P.Geo, is a Strategic Advisor for Skyharbour and is a mining entrepreneur, professional geochemist and geologist with over 35 years of experience in the mining industry. He was the Founder, President and CEO of Energy Metals Corporation ("EMC"), a premier uranium company that traded on the New York and Toronto Stock Exchanges. Mr. Matysek led EMC as one of the fastest growing Canadian companies in recent years, increasing its market capitalization from $10 million in 2004 to approximately $1.8 billion when it was acquired by a larger uranium producer, Uranium One Inc., in 2007. Mr. Matysek was recently President and CEO of Goldrock Mines Corp. which on June 7th, 2016 announced it had entered into a definitive agreement to be acquired by Fortuna Silver Mines (NYSE:FSM) (TSX:FVI) for $129 million on a fully-diluted in-the-money basis. Previously, Mr. Matysek was the President and CEO of Lithium One Inc., which developed a high quality lithium project in northern Argentina. In July 2012, Lithium One and Galaxy Resources merged with a $112 million plan to create a fully integrated lithium company. Prior to Lithium One, Mr. Matysek was the President and CEO of Potash One Inc. where he was the architect of the $434 million friendly takeover of Potash One by K+S Ag, which closed in early 2011.

  • Jim Pettit is the Chairman and a Director of Skyharbour. He brings over 30 years of experience in the resource industry specializing in finance, corporate governance, management, and compliance and was previously Chairman and CEO of Bayfield Ventures Corp. which was sold to New Gold in 2014.

2

Timing and an impending turnaround in the uranium market:

  • Uranium trading near all-time lows is an excellent contrarian opportunity

  • Global demand for electricity to grow 76% by 2030 and nuclear is reliable, low cost and clean base load power; 448 current operable reactors, 58 reactors under construction, over 500 ordered/planned/proposed 

  • Current demand is approx. 180 million lbs with mine supply at 160M lbs; estimated supply gap of 100M lbs of uranium by 2030 and the current spot price will not incentivize new mine builds

  • Uncovered demand (demand from reactor base not currently covered by contracts) rises quickly with over 80% of current contracts expiring by 2025; utilities must return to contract and need at least 12 months lead time to fabricate fuel 

  • Kazakhstan produces 40% of global uranium mine supply and just announced a 10% production cut due to low prices

  • At current spot price of $20/lb not one mine makes money including lowest cost producer in Kazakhstan; average global all in cost of production around $40/lb; price to incentivize new mine builds to bring on new supply to meet growing demand is estimated by most analysts to be around $60/lb

  • China, India and Russia making big nuclear investments (all three countries are currently and planning to build many new reactors for a number of years to come with China leading the charge - looking to quadruple their nuclear output from current 23 GWe in 26 reactors to 97 GWe by 2025)

3

Top tier Athabasca Basin uranium and thorium project portfolio with robust discovery and exploration upside potential:

Skyharbour has 5 uranium projects totaling approx. 200,000 hectares strategically located throughout the Athabasca Basin. The projects offer significant discovery potential and the company is looking to emulate the recent success of other Basin discoveries including those at Nexgen’s Rook Project, Fission’s PLS Project, Hathor’s Roughrider Project and International Enexco’s Mann Lake Project all of which have generated significant returns for shareholders. The Athabasca Basin provides exploration companies this unique opportunity as it is host to the highest grade uranium deposits in the world averaging 2% U3O8 (2% U3O8 is equivalent to approx. 40 g/t gold) with some deposits averaging over 15% U3O8. Skyharbour will be carrying out exploration programs over the coming months and years including drill programs at its flagship Moore Uranium Project. This will generate consistent news flow for the company and will serve as a key catalyst for share price going forward.

Moore (flagship project, earning in 100%)

  • The 35,705 hectare Moore project is an advanced uranium exploration project located on the eastern portion of the Athabasca Basin with over $35 million in historical exploration including more than 135,000 metres of drilling in over 370 holes. A high grade uranium lens called the “Maverick Zone” was discovered in 2001 by JNR Resources led by Skyharbour’s head geologist Rick Kusmirski. Skyharbour's recent drilling returned 21% U3O8 over 1.5 metres within 5.6 metres of 6.0% U3O8 at approx. 265 metres depth. Skyharbour has several drill programs planned for Moore over the coming year.

Preston (50% with operatorship)

  • Large land position (74,965 hectares) strategically proximal to NexGen’s large, high grade Arrow uranium deposit and Fission’s PLS Triple R deposit. Skyharbour recently consummated a deal with AREVA Resources Canada whereby AREVA may earn up to a 70% interest in a 49,635 hectare portion of the total 74,965 hectare Preston Project through $8,000,000 of total project consideration over six years ($7,300,000 of exploration and $700,000 of cash). Skyharbour is using the prospect generator model to advance its project pipeline forging strategic partnerships like the one with AREVA.

Falcon Point (100%)

  • The 72,050 hectare Falcon Point property hosts a shallow NI 43-101 inferred mineral resource of 7.0 million pounds U3O8 at an average grade of 0.03% U3O8 and 5.3 million pounds ThO2 inferred at an average grade of 0.023% ThO2 within 10.4 million tonnes. SYH is the only sub $25 million market cap company in the Basin with an NI 43-101 compliant uranium deposit. Furthermore, at the north end of the project high grade mineralization has been discovered with up to 68% U3O8 in recent grab samples, the source of which has yet to be discovered.

Mann Lake (100%)

  • Skyharbour owns a 100% interest in the 3,473 hectare Mann Lake Uranium Project located in the eastern Athabasca Basin 25 km southwest of the McArthur River Mine, the largest high-grade uranium deposit in the world, and adjacent to the Mann Lake Joint Venture operated by Cameco (52.5%) with Denison (30%) and AREVA (17.5%).

Yurchison Lake (100%)

  • The 12,660 hectare Yurchison Lake property is located 70 km southeast of the McArthur River uranium mine. Prospecting near old trenches returned significant uranium (0.09% to 0.30% U3O8) and molybdenum (2,500 ppm to 6,400 ppm) mineralization in both outcrop and float samples.

4

Acquiring projects at attractive valuations and using the prospect generator and JV model to advance secondary projects:

Skyharbour has been opportunistic over the past several years acquiring high quality properties in the Athabasca Basin, at attractive valuations, taking advantage of the downturn in the uranium market. Rick Kusmirski’s JNR Resources employed this strategy in the early 2000’s and benefited from the inevitable turnaround in the uranium market resulting in a notable share price increase from 5 cents to over $4 in 2007. Over the last several years, Skyharbour has acquired its projects through cash and stock totaling approx. $3 million while over $75 million has been invested in the projects in historical exploration while Moore (25%) and Falcon Point (100%) constituted the flagship projects for JNR Resources in the mid-2000’s boasting a +$300 million market cap. But even in a stagnant uranium price environment, the Athabasca Basin provides the opportunity to generate notable returns for shareholders as exemplified by NexGen Energy, Fission Uranium, Alpha Minerals and Hathor over the last 6 years which have combined for billions of dollars in value creation on the back of new Athabasca uranium discoveries (Hathor was acquired by Rio Tinto in 2012 for over $650 million). Furthermore, Skyharbour has been able to advance its properties through partnerships with other companies like at Preston with the new partnership with AREVA Resources Canada and will continue to employ this prospect generator strategy on its other properties which will allow for additional exploration financed by other companies, stock/cash payments made to Skyharbour, and more news flow going forward with Skyharbour retaining a carried interest and upside exposure in these projects.

5

Noteworthy shareholder base and significant insider ownership:

  • Insiders/management and other key shareholders hold over 40% of the shares

  • Denison Mines Corp. (TSX: DML)

  • Marin Katusa and KCR Fund

  • Paul Matysek

  • ACCESS Fund Management Ltd. and OTP Fund Management Ltd.

  • Jeff Phillips (Global Market Development)

  • Doug Casey

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