Mr. Geordie Mark reports

BLUE JAY GOLD ANNOUNCES $3.0 MILLION PRIVATE PLACEMENT WITH OCEAN PARTNERS

Blue Jay Gold Corp. has arranged a private placement financing with Ocean Partners U.K. Ltd., an international trader of base and precious metal concentrates, for 3,333,300 units at a price of 90 cents per unit for aggregate gross proceeds to the company of $3-million. Each unit will comprise one common share of Blue Jay and one common share purchase warrant, with each warrant entitling the holder to acquire one common share at a price of $1.20 for a period of one year from the closing date of the private placement. If, at any time, the daily volume-weighted average price of the common shares on the TSX Venture Exchange is at or above $1.25 for five consecutive trading days, the company may accelerate the expiry of the warrants, in which case the warrants will expire 30 days following the date of such acceleration.

Following closing, Ocean Partners is expected to hold approximately 6.5 per cent of the issued and outstanding common shares on a non-diluted basis. Net proceeds will be used to finance exploration and study work at the company's Steller gold project, including the company's preliminary economic assessment planned for the first half of 2027, and for general working capital.

The private placement is subject to the approval of the TSX-V and other customary conditions. All securities issued under the private placement will be subject to a statutory hold period of four months and one day from the date of issuance. No finders' fees are payable in connection with the private placement. Closing is expected on or about Nov. 5, 2026.

About Blue Jay Gold Corp.

Blue Jay is a Canadian gold exploration company focused on growing and discovering resources within established gold-producing regions in Canada. The company's flagship asset is the 100-per-cent-owned Steller gold project in southern Yukon, an infrastructure-supported, past-producing mine with significant exploration upside and clear near-term catalysts. Blue Jay has also built a portfolio of projects in Ontario. With strategically located assets and a leadership team experienced in geology and capital markets, Blue Jay will advance disciplined, modern exploration programs focused on target definition, resource growth and new discoveries in known gold-mineralized regions.

We seek Safe Harbor.