SKRR Exploration Inc. announced it has entered into a definitive arm's length acquisition agreement with Fathom Nickel Inc. dated March 21, 2023 (the "Acquisition Agreement") for the disposition of SKRR's 100% owned Watts Lake Zinc property (the "Property"). The Property consists of 24 mineral claims comprising a total of 13,708.11 hectares and is approximately 65 km north-east of the town of La Ronge, Saskatchewan and 20km northwest of the community of Missinipe, SK. Under the terms of the Acquisition Agreement, Fathom will acquire a 100% interest in the Property by making the following cash and share payments to SKRR: an initial cash payment of CAD 75,000; 2,000,000 common shares in the pital of Fathom; and an additional cash payment of CAD 75,000 within 60 days of the execution of the Acquisition Agreement.

The Acquisition Agreement provides for an underlying 2% net smelter return royalty in favour of Edge Geological Consulting Inc. (subject to a buy down to 1% for CAD 1,000,000). e commonon shares to be issued pursuant to the Acquisition Agreement will be subject to a four month hold period from the date of issuance in accordance with applicable securities laws.