Yes, it would transmit that and integer multiplies of that frequency, since the output from IO is more like a square wave than a pure sine wave. In either case, you'd have to follow up with an output low pass filter to attenuate the higher harmonics. But I don't know of a microcontoller that could do that straight out of the IO pin.
Such signals are easier generated by a transistor oscillator, a simple one transistor oscillator could get you on UHF in no time. But there are a host of other problems to consider.