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Calgary, Alberta – TheNewswire - September 11, 2025 – Blue Sky Global Energy Corp. (“ BGE ” or the “ Company ”) ( TSXV: BGE ) is pleased to announce that further to the press releases issued June 18, 2025, May 13, 2025, July 2, 2025 and August 21, 2025, the Company has obtained the requisite approvals including but not limited to those from disinterested shareholders and TSX Venture Exchange, and has closed the purchase of the remaining 50% interest in the previously disclosed oil and gas assets in British Columbia and Alberta (the “Assets ”) from Blue Sky Resources Ltd. (“BSR ”) for a purchase price of $13,000,000 which is paid by the Company to BSR by way of a promissory note with a repayment date of 2 years from the date of closing with interest accruing at a rate of 10% per annum to be paid at the end of each quarter, with the first payment to be made as a December 31, 2025 with principal payments to be made quarterly based on the greater of $250,000 and 50% of the net revenue from production from the Assets, with an option for the Company to increase principal payments and to pay out the promissory note at any time before the maturity date (the “Acquisition ”).
The Assets consist of:
the remaining 50% working interest in certain oil and gas assets located in Northeastern British Columbia, which is the remaining interest in these assets initially purchased by the Company in May 2024; and
the remaining 50% working interest in certain heavy oil and gas assets locatedintheColdLakeareamadeupofapproximately384hectares (representing100%interest)prospectivefortheexplorationofheavyoil, of which the Companyannounced the purchase of the initial 50% interest in these assets in the press release dated August 6, 2024.
Trading in the common shares of the Company have been halted since announcement of the Acquisition and resumption of trading is expected to take place on or about September 15, 2025. No finder’s fees were paid in connection with the Acquisition.
The Company announces that Mr. Ilyas Chaudhary, a director nominee who received approval from shareholders to be appointed as a director of the Company at the most recently completed shareholders meeting, will not be appointed as a director at this time as he will not be able to devote enough time due to other commitments.
About Blue Sky Global Energy Corp.
The Company is a publicly traded entity listed on the TSXV under the symbol “BGE” with oil and assets in Canada, Indonesia and Belize. BGE holds a 50% non-operated interest in producing assets in Northeastern British Columbia. The Company holds a Production Sharing Contract over the Paus Block with an area of approximately 8,214 square kilometers located offshore East Natuna, Indonesia. In Belize the Company has a Production Sharing Agreement with the Government of Belize comprised of approximately 180,000 acres of land in the Corozal Basin which may hold prospective oil and gas resources, and which so far includes on discovery, the SBC field.
For Further Information
Blue Sky Global Energy Corp.
Mohammad Fazil
President, Chief Executive Officer, Corporate Secretary and Director Email: mofazil@gmail.com
Phone Number: +1 (403) 613-7310
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements”. Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.
Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include: information relating to the Acquisition and the exploration and development of the company’s assets. Such statements and information reflect the current view of the Company. By their nature, forward- looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements.
The forward-looking statements contained in this news release represent the expectations of the Company as of the date of this news release and, accordingly, are subject to change after such date. Readers should not place undue importance on forward-looking statements and should not rely upon this information as of any other date. The Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
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