Mr. Nikolaos Cacos reports

BLUE SKY URANIUM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Blue Sky Uranium Corp. has arranged a non-brokered private placement for the sale of up to 16,666,667 units of the company at a price of six cents per unit for aggregate gross proceeds of $1-million. Red Cloud Securities Inc. will be acting as a finder in connection with the offering.

Each unit will consist of one common share in the capital of the company and one transferrable common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share at an exercise price of nine cents per warrant share for a period of two years following the issue date of the unit.

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 -- Prospectus Exemptions, the units will be offered for sale to purchasers resident in Canada other than Quebec and in certain offshore jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The units may also be sold in certain other jurisdictions pursuant to applicable securities laws. The common shares issuable from the sale of units sold under the listed issuer financing exemption are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada, subject to any hold period imposed by the TSX Venture Exchange on the securities issued to certain purchasers. There is an offering document relating to the offering that can be accessed 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.

Closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including, but not limited to, the approval of the exchange. Directors, officers and employees of the company may participate in a portion of the offering, and any securities issued to such directors and officers are subject to the exchange's four-month hold period. A commission may be paid to arm's-length finders on a portion of the offering. 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.

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 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.

We seek Safe Harbor.