Mr. Russell Bradford reports

GOLDSKY RESOURCES -2026 DRILLING PROGRAM COMMENCES AT RAJAPALOT GOLD PROJECT, FINLAND

Goldsky Resources Corp. has commenced the 2026 winter drilling season at its 100-per-cent-owned Rajapalot property in northern Finland.

Highlights:

• Four diamond drill rigs have been mobilized to site over the past weeks and have begun a 10,000-metre drilling program at Rajapalot.
• Approximately 8,000 metres will focus on infill drilling at the Raja and Palokas deposits, aimed at increasing confidence in the existing inferred resources and supporting progression from exploration licences to mining licences under Finnish regulations.
• A target test drill program of approximately 2,000 metres is planned to drill test several compelling high-priority exploration targets in the immediate vicinity to the current Rajapalot resource areas in order to support potential resource growth.

Russell Bradford, chief executive officer of Goldsky Resources, comments: "We are very excited to demonstrate our continued commitment to the Rajapalot project under the new management of Goldsky by way of assigning a significant 10,000-metre drilling program that will support important long-term objectives for the project. Our commitment to upgrading some important areas of the currently defined mineral resource is a major step forward for the project, which will enable us to forge ahead with our permitting advancement at Rajapalot. Similarly, further target test exploration drilling at the project, if successful, will only serve to strengthen the underlying fundamental of the project by way of increasing the gold-cobalt resource base at Rajapalot. This is our first major exploration program under the new banner of Goldsky Resources Corp., and an exciting first step in our new Nordic-focused gold development and exploration company."

The Rajapalot deposit

At Rajapalot, mineralization is regarded as orogenic in nature. All examples of gold-cobalt mineralization are consistently located within highly sheared and foliated wall rocks adjacent to strongly hydrothermally altered, northwest-to-north-dipping shear-zones. Mineralization is typically encountered as disseminated to semi-massive sulphide lenses (predominantly pyrrhotite and lesser pyrite and cobaltite), hosted within strongly deformed and altered, mafic volcanic and volcaniclasitic stratigraphy of the upper portions of the Paleoproterozoic-aged Kivalo Group of the Perapohja greenstone belt. Prospects with high-grade gold and cobalt mineralization at Rajapalot occur across a three-kilometre-by-two-kilometre (east-west/north-south) area within the larger Rajapalot project area measuring four kilometres by four kilometres with multiple mineralized boulders, base of till (BOT). Gold-cobalt mineralization at Rajapalot has been drilled to over 640 metres below surface at both South Palokas and Raja prospects, and mineralization remains open at depth across the entire project.

Rajapalot mineral resource

An inferred mineral resource (MRE) has been calculated for the Rajapalot project (effective date of Aug. 26, 2021), and is based on an underground only mining scenario containing 9.8 million tonnes at 2.8 grams per tonne (g/t) gold (Au) and 441 parts per million (ppm) cobalt (Co), equating to 867,000 ounces (oz) gold and 4,311 tonnes of cobalt.

Rajapalot inferred mineral resource effective Aug. 26, 2021:

• The independent geologist and qualified person as defined in National Instrument 43-101 for the mineral resource estimates is Ove Klaver (EurGeol). The effective date of the MRE remains unchanged to the previous MRE (Aug. 26, 2021, available on SEDAR+, as filed by the previous owner, Mawson Oy) and will be restated in the PEA (preliminary economic assessment) technical report when it is filed;
• The mineral estimate is reported for a potential underground only scenario. Inferred resources were reported at a cut-off grade of 1.1 g/t AuEq (gold equivalent) (Au g/t plus Co ppm dividend by 1,005) with a depth of 20 metres below the base of solid rock regarded as the near-surface limit of potential mining;
• Wireframe models were generated using gold and cobalt shells separately. Forty-eight separate gold and cobalt wireframes were constructed in Leapfrog Geo and grade distributions independently estimated using ordinary kriging in Leapfrog Edge. A gold top cut of 50 g/t Au was used for the gold domains. A cobalt top cut was not applied;
• A parent block size of 12 metres by 12 metres by four metres (more than 20 per cent of the drill hole spacing) was determined as suitable. Subblocking down to four metres by four metres by 0.5 metre was used for geologic control on volumes, thinner and moderately dipping wireframes;
• Rounding of grades and tonnes may introduce apparent errors in averages and contained metals;
• Drilling results to June 20, 2021. Mineral resources are not mineral reserves and do not have demonstrated economic viability.

Qualified person

The technical and scientific information in this news release was reviewed, verified and approved by Dr. Thomas Fromhold, an employee of Fromhold Geoconsult AB, and member of the Australian Institute of Geosciences (MAIG, membership No. 8838). Dr. Fromhold is a qualified person as defined under NI 43-101. Dr. Fromhold is not considered independent of the company under NI 43-101 as he is a consultant of the company.

About Goldsky Resources Corp.

Goldsky Resources is a Canadian-based gold exploration company, consolidating assets in Sweden and Finland, with a vision to create Europe's next gold camp. The company's flagship asset is the Barsele gold project in northern Sweden in which it has entered into an agreement with its partner, Agnico Eagle, to become the 100-per-cent owner. Immediately surrounding the Barsele project, the company is 100-per-cent owner of a district-scale licence position comprising two additional projects (Paubacken, Storjuktan), which, combined with Barsele, total approximately 80,000 hectares on the Gold Line greenstone belt. In Finland, the company also holds a 100-per-cent interest in the Rajapalot gold-cobalt project and a district-scale position covering the Oijarvi greenstone belt, including the Kylmakangas gold-silver deposit. The Rajapalot project represents approximately 5 per cent of the larger 600-square-kilometre-sized Rompas-Rajapalot property, which is wholly owned by Goldsky and consists of 13 granted exploration permits for a total of 11,262 hectares. The Rompas-Rajapalot property operations are carried out through the company's fully owned subsidiary, Mawson. Mawson maintains an active local presence of Finnish staff with close ties to the communities of Rajapalot.

We seek Safe Harbor.