Mr. John Newell reports

ROCK SAMPLES RETURN GRADES UP TO 0.51% COPPER (CU) FROM THE RAYFIELD COPPER-GOLD PROPERTY, SOUTH-CENTRAL BRITISH COLUMBIA

Golden Sky Minerals Corp. has released the results of its 2024 geochemical rock sampling program at the Rayfield property, which yielded grades up to 5,107 parts per million (0.51 per cent) copper and 79 parts per billion gold. This sampling program was designed to follow up on a chargeability anomaly outlined by the spring 2024 induced polarization (IP) geophysical survey over the Rayfield target.

The approximately 52,000-hectare Rayfield property is located in the Quesnel terrane, 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 road-accessible Rayfield copper-gold property 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 British Columbia Highway 97.

The Rayfield target is largely covered by glacial till; however, bornite, chalcopyrite and copper oxide minerals were identified in outcrop and scree rock samples. The highest copper grade was collected from sample 118891 (0.51 per cent copper and 79 parts per billion gold), which contained veinlets of chalcopyrite in a silicified hornblende syenite. This sample was collected in close proximity to several megacrystic alkali-feldspar porphyry boulders in scree. One of these megacrystic rock samples with mineralized potassic veinlets assayed 0.17 per cent copper and 24 parts per billion gold.

In the Quesnel terrane, mineralization associated with a megacrystic porphyry may indicate a nearby potassic core of a porphyry system, particularly when paired with an elevated chargeability response from IP surveying, a geophysical signature often linked to disseminated sulphides. Megacrystic porphyry intrusions, with their rapid magmatic ascension through the crust, commonly result in fracturing and brecciation of surrounding rock. This enhances hydrothermal fluid flow, acting as both a source and pathway for mineralizing fluids. This fracturing increases permeability within marginal intrusive rock and proximal country rock, creating an ideal environment for metal sulphide deposition. Alkali-feldspar monzonitic magma has been postulated to have been a trigger for explosive brecciation at the Northeast deposit within the Mount Polley property. Sulphide-rich hydrothermal brines then precipitated copper and gold within the megacrystic alkali-feldspar monzonite porphyry and proximal breccias.

The 2024 program also identified several outcrops of brecciated hornblende syenite in close proximity to historic drill holes, which assayed up to 0.18 per cent copper over 43.4 metres (DDH-374-03). The rock is composed of wispy veinlets of magnetite between bleached syenite clasts with weak epidote and potassic alteration. Though the breccia appears unmineralized on surface, some of the historic drill holes intersected more intensely altered and mineralized breccia at depth.

John Newell, president and chief executive officer of Golden Sky Minerals, stated: "These promising results from the 2024 geochemical sampling program reinforce the potential of the Rayfield copper-gold property as a significant copper porphyry system. The discovery of a rock sample returning 0.51 per cent copper in a silicified hornblende syenite, combined with compelling geological indicators such as potassic alteration and chargeability anomalies, highlights the property's potential for porphyry-style copper mineralization.

"Our findings, including the identification of mineralized megacrystic intrusions and brecciated syenites, point to a robust porphyry system with excellent exploration potential. Rayfield's location within the Quesnel terrane, one of British Columbia's most productive copper belts, further underscores its strategic importance. We are excited to advance this project and unlock its value through continued comprehensive exploration in 2025."

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 properties to the mineral resource stage through systematic exploration. The drill-ready properties include Hotspot and Lucky Strike, both in Yukon, Canada. In addition, the drill-ready Rayfield copper-gold property in Southern British Columbia and the staking of the Auden property in Ontario add to the company's substantial early-stage Canadian property pipeline.

Updated capital structure

Following the expiration of 13.6 million warrants on Dec. 18, 2024, Golden Sky Minerals has updated its share capital structure as of Jan. 13, 2025. The revised table is presented below.

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