Mr. Nikolaos Cacos reports

CORRECTION: BLUE SKY URANIUM INCREASES AND CLOSES 1ST TRANCHE OF THE NON-BROKERED PRIVATE PLACEMENT

Blue Sky Uranium Corp. is issuing this correction to its news release earlier today announcing that due to high investor demand, it is increasing the private placement announced on Sept. 26, 2023, to an aggregate of up to 20,466,667 units of the company at a price of 7.5 cents per unit for aggregate gross proceeds of up to $1,535,000. The company intends to close the offering in multiples tranches.

As announced earlier today, the company has issued 13,333,333 units at a subscription price of 7.5 cents per unit for aggregate gross proceeds to the company of $1-million, which constitutes the first tranche of the offering. The company intends to close the final tranche of the offering on or about Oct. 18, 2023. The company announced the private placement by press release on Sept. 26, 2023.

Each unit consists of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share in the capital of the company at 12 cents per share for three years from the date of issue.

Finders' fees of $64,921.50 are payable in cash on a portion of the first tranche of the offering to parties at arm's length to the company. In addition, 865,620 non-transferable finders' warrants are being issued under the first tranche of the offering. Each finder's warrant entitles a finder to purchase one common share at a price of 7.5 cents per share for three years from the date of issue, expiring on Oct. 4, 2026. Additional finders' fees may be paid to arm's-length finders in connection with further tranches of the offering.

There is an offering document relating to the offering that has been amended to reflect the increase in size of the offering, which can be viewed under the company's profile at SEDAR+ and on the company's website. Prospective investors should read this offering document before making an investment decision.

The company intends to use the proceeds of the offering for exploration programs on the company's projects in Argentina and for general working capital.

The offering is subject to regulatory approval, including the approval of the TSX Venture Exchange.

About Blue Sky Uranium Corp.

Blue Sky Uranium is a leader in uranium discovery in Argentina. The company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of surficial uranium deposits into low-cost producers while respecting the environment, the communities and the cultures in all the areas in which it works. Blue Sky Uranium has the exclusive right to properties in two provinces in Argentina. The company's flagship Amarillo Grande project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

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