Mr. Mike England reports

SKY GOLD FLOW THROUGH PRIVATE PLACEMENT

Sky Gold Corp. has arranged a non-brokered private placement of up to 20 million flow-through shares at a price of 3.5 cents per FT share for aggregate gross proceeds of up to $700,000.

The FT shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada). The proceeds from the sale of the FT units will be used to advance the company's Consolidated Shebandowan project in Northwestern Ontario.

Finders' fees may be payable. The private placement is subject to approval by the TSX Venture Exchange.

Consolidated Shebandowan upcoming spring exploration program

During the upcoming field season this spring, geological mapping and prospecting will be completed with a priority placed on rock sampling and mapping of the target areas containing anomalous particulate gold grains. This will be followed up by a subsequent program of trenching and diamond drilling, anticipated for late summer to early fall of 2025.

Qualified person

Sky Gold's disclosure of a technical or scientific nature in this news release has been reviewed and approved by Don Hoy, PGeo, who serves as a qualified person under the definition of National Instrument 43-101.

We seek Safe Harbor.