Energy

/NOT FOR DISSEMINATION IN THE U.S. NOR FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN/

Virginia Energy Resources Inc. (TSX.V: VUI) (" Virginia Energy " or the " Company ") is pleased to announce the appointment of Joseph Mullin as President of the Company.

Mr. Mullin was most recently the CEO and Director of QuestEx Gold & Copper, prior to its sale.  He has over 20 years of experience in resource investing, corporate finance and private equity. Mr. Mullin began his career as a Financial Analyst in Investment Banking at Goldman Sachs, and subsequently worked at Invesco Ltd. and Millennium Global Investments Ltd. He is currently a Partner and Director of Mount Arvon Partners LLC and serves as an independent Director of Pure Energy Minerals Ltd. and FireFox Gold Corp. Mr. Mullin has a B.A. from Harvard University .

"Virginia Energy is very pleased to welcome Mr. Mullin as its President. Joe's background with resource companies and in particular his experience with mergers and acquisitions are strong assets which will boost the Virginia Energy team as we chart our course," stated Walter Coles Sr. , CEO of Virginia Energy.

Subject to regulatory and shareholder approval, the Company has granted Mr. Mullin 500,000 Restricted Stock Units ("RSUs") vesting if rafter two years, or on a Change of Control ("CoC") transaction.

About Virginia Energy

Virginia Energy Resources Inc. is a uranium development and exploration company. The Company holds a 100% controlling interest in the advanced stage Coles Hill uranium project located in south central Virginia, USA .

On Behalf of the Board of Directors of

VIRGINIA ENERGY RESOURCES INC.

"Walter Coles Sr."
Walter Coles, Sr.
President & CEO

Certain of the statements in this press release may constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, implications regarding the successful or unsuccessful closing of a private placement financing, or statements relating to filing of a lawsuit in federal court against the Commonwealth of Virginia . Forward-looking statements and forward-looking information generally express predictions, expectations, beliefs, plans, projections, or assumptions regarding future events or performance, they do not constitute historical fact and they are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those anticipated or implied in such information or statements. Forward-looking statements and information contained in this release are based on the beliefs, estimates, and opinions of management on the date the statements are made. There can be no assurance that such statements or information will prove to be accurate. Actual results may differ materially from those anticipated or projected.

Neither 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.

The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

SOURCE Virginia Energy Resources Inc.

Cision View original content: http://www.newswire.ca/en/releases/archive/August2022/08/c3909.html

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Skyharbour's Partner Company Valor Resources Identifies Eleven New Uranium Targets at the Hook Lake Uranium Project in the Athabasca Basin

Skyharbour's Partner Company Valor Resources Identifies Eleven New Uranium Targets at the Hook Lake Uranium Project in the Athabasca Basin

Skyharbour Resources Ltd.'s (TSX-V: SYH ) (OTCQB: SYHBF ) (Frankfurt: SC1P ) (the "Company") partner company Valor Resources Limited ("Valor") is pleased to advise that it has completed the interpretation of airborne gravity gradiometry survey data at the Hook Lake Uranium Project situated on the eastern flank of the Athabasca Basin.

Hook Lake Project: https://www.skyharbourltd.com/_resources/maps/Sky_HookLake_20211209.jpg

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Malibu, CA, United States (ABN Newswire) - Join Ellis Martin for a conversation with Jordan Trimble, the President and Chief Executive Officer of Skyharbour Resources Ltd (CVE:SYH) (OTCMKTS:SYHBF) (FRA:SC1P) a preeminent uranium and thorium exploration Company with projects located in the prolific Athabasca Basin of Saskatchewan, Canada. In this segment Mr. Trimble reviews the macroeconomics of the current uranium market and the company's latest partner project news.

Skyharbour Resources is pleased to announce the commencement of a phase two diamond drilling program at its Mann Lake project located 25 km southwest of the McArthur River Mine and 15 km to the northeast along strike of Cameco's Millennium uranium deposit.

Highlights:

Phase two drilling is designed to follow-up on exciting targets generated from phase one drilling and recently completed geophysical surveys at Mann Lake.

Approximately 4,000 metres of core drilling is planned for phase two covering the southern portion of the project.

The first hole of phase two will follow-up on uranium mineralization in hole MN22-002 (see Company's news release dated September 7, 2022).

Drilling will also test conductive zones and structures identified in this summer's Mobile MT survey along the unconformity contact that corresponds to prevalent gravity lows located near the southeastern portion of the project (see Company's news release dated September 13, 2022).

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/683378TY

To listen to the Interview, please visit:
https://www.abnnewswire.net/press/en/114017/syh



About Skyharbour Resources Ltd.:

Skyharbour Resources (CVE:SYH) (OTCMKTS:SYHBF) holds an extensive portfolio of uranium and thorium exploration projects in Canada's Athabasca Basin and is well positioned to benefit from improving uranium market fundamentals with six drill-ready projects. In July 2016, Skyharbour acquired an option from Denison Mines, a large strategic shareholder of the Company, to acquire 100% of the Moore Uranium Project which is located approximately 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 project with high grade uranium mineralization at the Maverick Zone. Drill results have returned up to 6.0% U3O8 over 5.9 metres, including 20.8% U3O8 over 1.5 metres at a vertical depth of 265 metres. Skyharbour has signed option agreements with Orano Canada Inc. and Azincourt Energy whereby Orano and Azincourt can earn in up to 70% of specific segments of the Preston Project through a combined $9,800,000 in total exploration expenditures, as well as $1,700,000 in total cash payments and Azincourt shares. Preston is a large, geologically prospective property proximal to Fission Uranium's Triple R deposit as well as NexGen Energy's Arrow deposit. The Company also owns a 100% interest in the Falcon Point Uranium Project which hosts a high-grade surface showing with up to 68% U3O8 in grab samples from a massive pitchblende vein, the source of which has yet to be discovered. The Company's 100% owned Mann Lake Uranium project on the east side of the Basin is strategically located adjacent to the Mann Lake Joint Venture operated by Cameco, where high-grade uranium mineralization has been identified. 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.

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Skyharbour Resources Ltd. 's ( TSX-V: SYH ) ( OTCQB: SYHBF ) (Frankfurt: SC1P ) (the "Company") partner company, Basin Uranium Corp. ("Basin Uranium") is pleased to announce the commencement of a phase two diamond drilling program at its Mann Lake project located 25 km southwest of the McArthur River Mine and 15 km to the northeast along strike of Cameco's Millennium uranium deposit.

Mann Lake Uranium Project :
https://www.skyharbourltd.com/_resources/maps/SKY_MannLake_20211129.jpg

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Purepoint Uranium Prepares for Follow-Up Drill Program at Red Willow Project

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"We are now following up on assays that confirm the presence of uranium mineralization over a distance of nearly a mile, suggesting that a broad mineralizing event occurred throughout this region," said Chris Frostad, President and CEO at Purepoint. "Last winter's drill program consistently returned anomalous uranium highlighted by RW22-06 that intersected 0.47% U3O8 over 0.9 metres and our final winter hole RW22-15 which encountered alteration and structure favourable to uranium deposition."

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  • The reported intersection includes 1.86% U 3 O 8 over 12.5 m at 79.7 m true vertical depth which includes the Project's highest individual assay of 5.61% U 3 O 8

Baselode Energy Corp. (TSXV: FIND) (OTCQB: BSENF) (" Baselode " or the " Company ") is pleased to announce the geochemical assay results from drill hole AK22-069 of 0.90% U 3 O 8 over 31.0 m starting at 69.3 m true vertical depth which includes 1.86% U 3 O 8 over 12.5 m at 79.7 m true vertical depth. AK22-069 is the latest and best hole to date from the now-complete 22,500 metre diamond drill program (the " Program ") on the ACKIO high-grade uranium discovery (" ACKIO "), Hook project, Athabasca Basin area (the " Athabasca "), northern Saskatchewan (see Table 1 and Figure 1 ).

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"We are excited to add these new prospects to our pipeline of drill-ready projects and will be evaluating them for inclusion in our 2023 drill programs," said Scott Frostad, VP Exploration at Purepoint. "These targets are considered to be associated with major uranium finds along the eastern part of the Basin and the completion of the airborne geophysical surveying has provided a clear path to commence drilling."

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