Mr. Mike England reports

SKY GOLD MOBILIZES TO COMMENCE DRILL PROGRAM DIRECTED AT HIGH PRIORITY PORPHYRY COPPER-GOLD SYSTEM ON THE EVENING STAR PROJECT, WALKER LANE TREND, NEVADA

Sky Gold Corp. has retained Titan Drilling, of Elko, Nev., to commence an anticipated 2,400-metre diamond drilling program at its Evening Star copper-gold project, located in the Walker Lane trend, Nevada.

Drilling is expected to commence within the coming week, with mobilization currently under way.

The drilling program has been designed to test multiple high-priority targets developed through integrated geological mapping, geochemistry and geophysical interpretation.

The company has finalized drill targets designed to test:

• The interpreted copper-gold core of the porphyry system at High Life;
• Polymetallic zones associated with carbonate replacement mineralization (CRD).

Mike England, chief executive officer of Sky Gold, commented: "The drill is being mobilized to site this week and the proposed targets are large. We are very excited to start drilling these porphyry and CRD targets."

Recent fieldwork at the High Life target has identified strong alteration and gold mineralization consistent with a copper-gold porphyry system (see news release dated March 31, 2026), including silicification, sericite alteration, quartz veining and localized copper mineralization. These features are spatially associated with geophysical anomalies, including strong magnetic highs with coincident resistivity highs, supporting the interpretation of a robust porphyry system at depth.

In addition, polymetallic mineralization is observed in the southern portion of the property, where the porphyry is in contact with the limestone host rocks and is interpreted to represent carbonate replacement-style mineralization linked to the High Life porphyry system. Historical drilling in this area returned significant copper, lead, zinc and silver values, and recent surface sampling has confirmed the presence of gold-bearing sulphide-rich zones with strong geological characteristics typical of CRD systems. The interpreted CRD system displays a conductive high with a coincident magnetic low.

The upcoming drill program is designed to test both the porphyry core at depth and the associated CRD-style mineralization along favourable carbonate host rocks.

Further updates will be provided as drilling progresses. Multielement data, including copper-silver, lead and zinc values, are pending for the rocks collected from target areas and surrounding fault zones.

The company further announces a non-brokered private placement of up to 30 million units at a price of five cents per unit for aggregate gross proceeds of up to 1.5 million dollars. Each unit will comprise one common share and one transferable share purchase warrant of the company. Each warrant will entitle the subscriber to purchase one warrant share for a 36-month period after the closing date at an exercise price of eight cents per share. Proceeds of the private placement will be used toward drilling at the company's Evening Star property in Nevada, as well as general and administrative purposes. Finders' fees will be paid pursuant to this financing. The private placement is subject to approval by the TSX Venture Exchange.

Qualified person

The scientific and technical information contained in this news release has been reviewed and approved by Danae Voormeij, PGeo, director of Sky Gold, who is a qualified person as defined by National Instrument 43-101.

QA/QC (quality assurance/quality control) and sample methodology

The company submits rock and drill core samples to MSA Labs in Elko, Nev., for gold content by Chrysos PhotonAssay technology. This process is non-destructive and analyzes 500-gram samples, which is more representative than the 50-gram sample required for the fire assay method. This innovative method catches more gold in the sample, reducing the nugget effect.

Samples are dried and crushed to P80 minus two millimetres, and 500 grams of material is riffle split for PhotonAssay method. Another 250 grams of the crushed material is pulverized to P85 minus 75 microns for ultratrace 48 elements by ICP-MS (inductively coupled plasma mass spectrometry) following a four-acid digest.

About Sky Gold Corp.

Sky Gold is a mineral exploration company focused on advancing precious and base metal projects in North America. The company's flagship Evening Star property, located in the prolific Walker Lane trend, hosts multiple high-priority gold and copper targets, including Tower Gold, High Life, Gold Bug, CRD Hill and Evening Star. The project site has excellent infrastructure.

We seek Safe Harbor.