Mr. Russell Bradford reports

GOLDSKY ANNOUNCES COMMENCEMENT OF METALLURGICAL TEST WORK ON THE AVAN AND CENTRAL ZONES AT THE BARSELE PROJECT IN SWEDEN

Goldsky Resources Corp. has commenced metallurgical testwork on composite samples weighing 345 kilograms from the Central and Avan zones of the Barsele project in Sweden. The metallurgical samples have been dispatched to Alfred Knight in Truro, United Kingdom.

The testwork will include:

• Crusher comminution tests;
• Bond rod mill and bond ball mill test;
• Gravity gold recovery tests;
• Gold leach kinetic tests;
• Detoxification tests.

The purpose of the test programs is to collect data on both power requirements and reagent dosage for the Barsele project. All results will be used for input into the preliminary economic assessment, which will be compiled through various packages of work.

"We are pleased to commence this metallurgical test program at the Barsele project. This will be an important piece of information for our process as we move forward on the resource update at Barsele and the eventual publication of our maiden PEA report on the Barsele project in 2027," said Russell Bradford, chief executive officer.

The program will take approximately 16 weeks with results to be released to the market once they become available.

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 100-per-cent-owned Barsele gold project in central Sweden. Barsele is host to an indicated mineral resource of 7.88 million tonnes grading 1.27 grams per tonne gold containing 320,000 ounces Au and an inferred mineral resource of 28.75 Mt grading 1.98 g/t Au containing 1.83 Moz Au.

Goldsky Resources owns a district-scale licence position surrounding Barsele totalling approximately 80,000 hectares on Sweden's Gold Line greenstone belt composed of two additional projects (Paubacken and Storjuktan).

Additionally, in central Finland, Goldsky Resources is the 100-per-cent owner of a district-scale position covering the entire underexplored Oijarvi greenstone belt, including the Kylmakangas deposit, the largest known gold occurrence on this belt. Goldsky Resources is also the 100-per-cent owner of the Rajapalot gold-cobalt project situated in northern Finland, which has an inferred resource of 9.78 million tonnes containing 867,000 oz Au of 2.8 g/t Au and 4,300 tonnes cobalt of 441 parts per million Co (National Instrument 43-101 technical report on a preliminary economic assessment of the Rajapalot gold-cobalt project, Finland; effective date: Dec. 19, 2023, prepared for Mawson Finland Ltd. by SRK Consulting (U.K.) Ltd., SRK qualified person Christopher Bray, BEng (mining), MAusIMM (CP), Ove Klaver, MSc (geology), EurGeol, Eemeli Rantala, MSc (geology), PGeo, Craig Brown, BE (chemistry), GradDipGeosci, FAusIMM, Mathieu Gosselin, Beng (Mining), PEng).

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