CLEAN ENERGYEXPLORATION

The rising need for clean energy is quickly translating into a higher global demand for uranium - Tisdale is focused on acquiring and exploring uranium projects to help meet this demand.

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SOUTH FALCON EAST

The South Falcon East property covers approx. 12,234 ha and lies 18 kilometers outside the southeast portion of the Athabasca Basin, 55 kilometers east of the Key Lake Mine. The project area is in close proximity to two all-weather northern highways and grid power.

PROJECT HIGHLIGHTS

Geological and geochemical features show distinct similarities to high grade, basement-hosted deposits in the Athabasca Basin such as Eagle Point, Millennium, P-Patch and Roughrider

Exploration potential of the 6 by 7-kilometre Fraser Lakes target area is considered exceptional, including resource expansion potential along strike and at depth at the Zone B uranium deposit

In March of 2015, Skyharbour updated the historical NI 43-101 mineral resource estimate* for the Fraser Lakes Zone B deposit at the south end of the property:

6,960,681 pounds U3O8 inferred at average grade of 0.03% U3O8 and 5,339,219 pounds ThO2 inferred at average grade of 0.023% ThO2 within 10,354,926 tonnes (cutoff grade of 0.01% U3O8)

Winter/spring 2015 drill program consisted of 1,278 metres in five holes:

Intersected highest grade mineralization found to date in deposit area: 0.172% U3O8 and 0.112% ThO2 over 2.5 metres
Breakthrough towards finding more and higher-grade uranium mineralization at shallow depths

*The historical resource is described in a technical report on the Falcon Point uranium project, Northern Saskatchewan, dated March 20, 2015, and filed on SEDAR by Skyharbour Resources Ltd. Tisdale is not treating the resource as current and has not completed sufficient work to classify the resource as a current mineral resource. While Tisdale is not treating the historical resource as current, it does believe the work conducted is reliable and the information may be of assistance to readers.

Potential Work Programs

A focused exploration program is recommended for the South Falcon East property. The primary objectives are to:

Define additional resources at the Fraser Lakes Zone B by establishing the potential for extension of the mineralized zone to the east and west of the currently defined deposit
Further interpret geochemical and assay data in conjunction with geological and structural analysis to improve the effectiveness of targeting for future drill programs

Skyharbour completed an airborne gravity geophysical survey on the property to cover the entirety of the South Falcon Point Property at a vertical height of 80 m and a line spacing of 200 m for a total of 2,843 line-km. The survey has further refined drill targets for future programs.