SKRR Exploration Inc. announced that it has entered into an amendment agreement dated January 8, 2024 in respect of the option agreement dated May 25, 2023 (the Effective Date) with F3 Uranium Corp. to acquire up to a 70% interest in the Clearwater West Property. The Clearwater West Property is comprised of 3 contiguous mineral claims totaling 11,786 hectares, located ~20km outside the edge and in the south-west area of the Athabasca Basin.

The parties have agreed to amend the Option Agreement to extend the requirement for a minimum $1,000,000 in work expenditures on the Clearwater West Property on or before the first year anniversary of the Effective Date until the second year anniversary of the Effective Date, such that cumulative work expenditures of a minimum of $3,000,000 are required on or before the second year anniversary of the effective Date under the Amendment Agreement. In consideration for the extension, SKRR is required to issue 605,000 common shares of SKRR to F3 upon the approval by the TSX Venture Exchange (the "Exchange") of the Amending Agreement and an additional 395,000 common shares of SK RR to F3 on or before June 1, 2024, unless subsequent to such share issuance, F3's partially diluted shareholdings in SKRR would exceed 10% of the issued and outstanding shares of SKRR, in which case SKRR shall pay $39,500 in cash to F3 in lieu thereof on or before June 5, 2024. All common shares issued to F3 will be subject to a four month hold period in accordance with applicable securities laws and the policies of the Exchange.

The Option Agreement will continue unamended and remain in full force and effect, except as amended and supplemented by the Amending Agreement as described herein. F3 and SKRR are non-arm's length parties (as defined in Exchange Policy 1.1) given that they share a common senior officer. The Amendment Agreement is subject to acceptance by the Exchange.