Mr. John Newell reports

GOLDEN SKY CONTINUES TO EXPAND THE SEMLIN PORPHYRY-STYLE TARGET TO 1.7 X 0.9 KM, RAYFIELD PROPERTY, BRITISH COLUMBIA

Golden Sky Minerals Corp. has released the results from the 2023 geochemical sampling and prospecting program conducted on its 35,000-hectare Rayfield property in Southern British Columbia. The program included the collection of 685 B-horizon soil samples and 77 rock samples. The main soil grid was designed to infill and extend geochemical anomalies previously identified over the Semlin target zone. The soil program was successful at further expanding the geochemical anomaly to 1.7 kilometres by 0.9 km. This anomaly flanks and overlies an area with known bedrock-hosted disseminated and veinlet-style copper (Cu) and gold (Au) mineralization. Rock sample C00064614 (2022) was of a four-centimetre-wide sulphide-rich vein that assayed 55 parts per billion (ppb) Au and 0.2 per cent Cu. The soil anomaly hosts elevated values of copper, gold, zinc (Zn) and arsenic (As), and remains open to the northwest and northeast. As a follow-up to these encouraging results, a drill permit has been applied for, which will include the Gnome and Semlin target zones (see Dec. 6, 2022, news release).

Extending known bedrock mineralization was a priority at the Rayfield target zone for 2023, as soil sampling in 2022 highlighted several anomalous copper values associated with geophysical anomalies identified by an airborne total magnetic geophysical survey (Geological Survey of Canada, 2006). Rock samples from these areas returned several anomalous values, up to 6,319 parts per million (ppm) (0.63 per cent) Cu and 245.5 ppb Au (sample 118884). Importantly, fieldwork also observed a continuation of dense sheeted and stockwork quartz veining that closely correlates with a magnetic low (Geological Survey of Canada, 2006) feature that extends approximately two km in a northwest orientation. This magnetic low is also coincident with elevated values of pathfinder elements (manganese (Mn), zinc (Zn), vanadium (V) and barium (Ba)) that are commonly associated with sericite/propylitic alteration bounding the core of porphyry systems and causing magnetite destruction.

Prospecting across the property identified several other zones of interest, as approximately 40 per cent of the rock samples assayed greater than 100 ppm Cu. These results continue to demonstrate the potential for additional porphyry-related mineralization across the property.

The Rayfield property is located in the Quesnel trough, British Columbia's primary copper-producing belt, which hosts Teck Resources' Highland Valley mine, Imperial Metals' Mount Polley mine, Centerra Gold's Mount Milligan mine and Kodiak Copper's MPD project. The Rayfield copper-gold project is located approximately 20 kilometres east of the town of 70 Mile House, B.C., and is accessible year-round by well-maintained service and logging roads extending from B.C. Highway 97.

John Newell, president and chief executive officer of Golden Sky Minerals, states: "Through systematic exploration, the company has identified several excellent porphyry targets that hold strong potential for mineral discovery. These targets have been carefully selected based on extensive geological and geophysical data, and they represent significant opportunities for future exploration. This work has laid the groundwork for future drill programs."

About Golden Sky Minerals Corp.

Golden Sky Minerals is a well-financed junior grassroots explorer engaged in the acquisition, assessment, exploration and development of mineral properties located in highly prospective areas and mining-friendly districts. Golden Sky's mandate is to develop its portfolio of projects to the mineral resource stage through systematic exploration.

The drill-ready projects include Hotspot, Bullseye and Lucky Strike, all in Yukon, Canada. In addition, the recent purchases of the Rayfield copper-gold project in Southern British Columbia, and the staking of the Eagle Mountain gold project in the Cassiar gold district in Northern British Columbia, add to the company's substantial early-stage Canadian project pipeline.

The company was incorporated in 2018 and is headquartered in Vancouver, B.C., Canada.

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