Mr. Ben Gelfand reports

BLUESKY DIGITAL ASSETS CORP., ANNOUNCES DEBT SETTLEMENT

Bluesky Digital Assets Corp. has entered into an agreement where the corporation will pay back the $100,000 loan that was advanced to the corporation through the $300,000 credit facility agreement the corporation announced it had entered into, by press release, back on Feb. 22, 2024. The corporation will settle the outstanding loan amount through the issuance of 3,333,333 common shares at a price of three cents per common share.

The corporation also announced today that it will also settle an aggregate of $50,000 of secured debt owed to a creditor through the issuance of an aggregate 1,666,667 common shares at a price of three cents per common share.

The debt settlement will assist the corporation in preserving its cash for working capital and to further advance its artificial intelligence endeavours. The issuance of the five million common shares will not result in a change of control of the corporation.

About Bluesky Digital Assets Corp.

Bluesky 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 artificial intelligence 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.

We seek Safe Harbor.