Mr. Ryan Hounjet reports

AMAYA BIG SKY CAPITAL CORP. COMPLETES INITIAL PUBLIC OFFERING

Amaya Big Sky Capital Corp. has completed its initial public offering of 2.25 million common shares in the capital of the corporation at a purchase price of 10 cents per common share by way of a final prospectus dated Jan. 9, 2024, with the British Columbia and Alberta Securities commissions. The gross proceeds from the offering was $225,000. The common shares were listed on the TSX Venture Exchange at the market open on Jan. 30, 2024, and immediately halt traded pending closing of the offering. The halt is expected to be lifted and trading of the common shares is expected to commence on or about Feb. 1, 2024, under the symbol AMYA.P.

The net proceeds of the offering are designated to be used by the corporation to identify and analyze prospective assets or businesses for acquisition with the intention of completing a qualifying transaction (as defined in Policy 2.4 -- Capital Pool Companies of the TSX-V). To date, the corporation has not conducted operations of any kind and has not entered into an agreement in principle (as defined in the CPC policy).

Haywood Securities Inc. (the agent) acted as agent for the offering, and per the offering, the corporation compensated the agent as follows: (1) $22,500 cash commission, equal to 10 per cent of the total gross proceeds of the offering, (2) a corporate finance fee plus applicable taxes, and (3) agent's options entitling the agent to purchase up to 225,000 common shares at a price of 10 cents per common share until Jan. 30, 2029.

In addition, the corporation has granted its directors and officers a total of 587,010 stock options at an exercise price of 10 cents per common share for a period of 60 months from the date of the closing of the offering. The options are escrowed pursuant to the CPC policy.

As of the date hereof, the corporation has 5,870,100 common shares issued and outstanding, of which 3,660,100 are escrowed pursuant to CPC policy.

The current directors of the corporation are Ryan Hounjet, Kelly Abbott, Douglas Penner and Amardeep Purewal.

For further information, please see the prospectus, available under the corporation's profile on SEDAR+.

About Amaya Big Sky Capital Corp.

Amaya is designated as a capital pool company (CPC) under the CPC policy. The corporation currently has not begun any formal commercial operations and has no assets other than cash raised from the offering and the prior seed investment round. The purpose of this offering is to provide the corporation with funds to allow it to pursue a potential qualifying transaction with an appropriate asset or business as in accordance with the CPC Policy. As such, any transaction must be approved by the TSX-V and, in the case of a non-arm's-length qualifying transaction, must also receive majority approval of the minority shareholders. Until the completion of a qualifying transaction, the corporation will not carry on any business other than identifying prospective transactions, completing appropriate due diligence and evaluating such assets for the purpose of completing a qualifying transaction.

We seek Safe Harbor.