Mr. Russell Bradford of Goldsky reports

GOLDSKY RESOURCES CLOSES ACQUISITION OF ELEMENTAL ROYALTY'S NORDIC BUSINESS UNIT

Goldsky Resources Corp. has closed its previously announced acquisition of the Nordic business unit (NBU) of Elemental Royalty Corp. (previously operating as EMX Royalty Corp., a long-standing technical partner on several of Goldsky's key assets.

The NBU acquisition sees Goldsky acquiring Elemental's regional infrastructure in northern Sweden (including an exploration camp), an extensive inventory of exploration equipment and Elemental's seasoned Nordic technical team.

Pursuant to the terms of the NBU acquisition agreement dated May 30, 2025, the company is making staged payments totaling 3,247,000 Swedish kroner (about $360,000 (U.S.)), with each payment paid half in cash and half in Goldsky common shares as follows:

• 1,052,000 SEK has now been paid following TSX Venture Exchange approval, satisfied by the issuance of 20,138 shares (at a deemed price per share of $3.98 (Canadian)) and a payment of 526,000 kroner ($58,825 (U.S.)) in cash;

• 1,195,000 kroner ($132,200 (U.S.)) will be paid on the first anniversary of closing;

• One million kroner ($110,600 (U.S.)) will be paid on the second anniversary of closing.

The deemed issue price of the shares issued pursuant to the agreement shall be the greater of: (i) $1.26; and (ii) the volume weighted average price of the shares on the TSX-V over the 10 consecutive trading days preceding their date of issue.

Elemental will retain a 1-per-cent net smelter return (NSR) royalty on any new projects organically generated (that is, newly staked) by the company in Sweden and Finland within five years of the effective date of the agreement.

For purposes of the policies of the TSX Venture Exchange, at the time the NBU acquisition was entered into, Goldksy (then First Nordic Metals Corp.) and Elemental were considered non-arm's-length parties as they had one director in common. Since Elemental's acquisition of EMX Royalty Corp., the parties no longer have any directors in common and are arm's length. All shares issued in connection with the NBU acquisition will be subject to a statutory four-month-and-one-day hold in accordance with applicable Canadian securities laws from their respective date of issue. There were no finders' fees paid in connection with the NBU acquisition.

For additional details regarding the NBU acquisition, see the company's press releases dated June 2, 2025, and Sept. 10, 2025.

About Goldsky Resources Corp.

Goldsky Resources is a publicly listed gold exploration company, consolidating assets in Sweden and Finland. The company's flagship asset is the Barsele gold project in central Sweden, in which it has entered into a transaction to become the 100-per-cent owner from Agnico Eagle.

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