Mr. Mike England reports

SKY GOLD CORP CANCELS FINANCING

Sky Gold Corp. will not be proceeding with the four-cent private placement previously announced (see press release dated Nov. 1, 2024). The company will continue to assess and formulate programs on both the Evening Star copper porphyry and gold targets as well as the Shebandowan nickel-copper-cobalt-chrome-platinum group element-gold property, located in Northwestern Ontario.

Assays are pending on the Shebandowan project.

"We feel the tide is turning for the junior resource sector and will look to finance in the new year. Our drill-permitted targets at Evening Star are not going anywhere and, in the meantime, we await batches of assays from two programs completed at our prospective Shebandowan project in Ontario," stated Mike England, chief executive officer of Sky Gold.