Skyharbour Resources Ltd. (the ‘Company or Skyharbour') announced that Orano Canada Inc. (‘Orano') has completed the first earn-in option of a 51% interest in the Preston Uranium Project (‘Project'), located in the western Athabasca Basin, Saskatchewan, Canada. Orano previously held an option to acquire the interest through an option agreement entered into with Skyharbour and Dixie Gold Inc. (‘Dixie Gold'). Following acquisition of the interest, Orano has formed a joint venture with Skyharbour and Dixie Gold for the future advancement and development of the Project. Orano now holds a 51% interest in the joint venture, with the remaining interest split evenly between Skyharbour and Dixie Gold with each company retaining a 24.5% interest in the joint venture.