Mr. Ben Gelfand reports

BLUESKY DIGITAL ASSETS CORP. ENGAGES WITH WETEAMS FOR GLOBAL EXPANSION OF BLUESKYINTEL

Bluesky Digital Assets Corp. has formalized and closed on the previously initiated formal discussions, which were previously announced via press release on Dec. 4, 2023, for the establishment of a strategic joint venture with Weteams Solutions Pvt. Ltd.

Bluesky's focus on artificial intelligence (AI) and blockchain (BC) led to the creation of the BlueskyINTEL (BSI) proprietary Web engagement platform in 2021. BlueskyINTEL positions to exit 2024 as a valuable and revenue producing digital AI/blockchain platform.

Weteams Solutions, headquartered in India, is an important partner in developing the BlueskyINTEL platform, bringing to BSI its digital innovation expertise and technology service capabilities. Led by entrepreneur Pranay Mathur, Weteams aligns with Bluesky's strategic goals, contributing to the platform's scalability and market reach. The partnership underscores mutual benefits, leveraging India's robust tech market for BlueskyINTEL's growth, with Mathur's investment signifying confidence in the venture's AI and Blockchain potential.

Bluesky, through this now formalized agreement with Weteams, will not only benefit from exposure to an international fast-growing tech venture and SME (small, medium enterprise) market but also gain access to a large international audience and potential user base for BlueskyINTEL, positioning the company for enhanced financial performance and shareholder value. This strategic collaboration is expected to significantly bolster Bluesky's market presence and operational efficiencies, laying a solid foundation for sustained growth and potentially leading to an upward trajectory in its share price.

Ben Gelfand, chief executive officer, stated: "Through this strategic agreement, Bluesky and Weteams anticipate incremental revenue growth, driven by expanded market access and innovative monetization strategies in the burgeoning space. Our combined expertise and shared vision for AI and blockchain technologies set the stage for BlueskyINTEL to capture a substantial share of the global digital market."

The corporation also announced today that it has entered into a credit facility agreement where the corporation may draw upon the credit facility and borrow up to $300,000 in multiple tranches with the first tranche being set to $100,000. The lending rate for any funds drawn from the facility has been set to 15 per cent per annum with the repayment to occur within 24 months after any funds have been drawn upon. The corporation will use the proceeds from the credit facility to further advance the joint venture agreement with Weteams. As of the date of this press release, the corporation has not drawn upon the credit facility. The corporation further announced today that it has entered into a debt settlement agreement where it will settle $452,000 in debt owed via the issuance of 13.56 million common shares issued at 3.33 cents per common share. All common shares issued in the debt settlement are subject to a four-month-plus-one-day hold period. The issuance of the common shares will not result in a change of control.

About Bluesky Digital Assets Corp.

Bluesky Digital Assets has created a high-value digital enterprise at the intersection of artificial intelligence, blockchain and Web3 business solutions. Leveraging its success as an early adopter providing proprietary technology solutions, Bluesky has invested in its road map. Bluesky's platform, BlueskyIntel, is well positioned to leverage the current exponential growth of AI-based and blockchain-based technologies through a tightly focus built collaborative platform. This innovative Web platform offering supports and better enables businesses to adopt and utilize these emerging and developing technologies.

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