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Golden Sky Minerals Corp
Symbol AUEN
Shares Issued 23,904,613
Close 2026-06-11 C$ 0.25
Market Cap C$ 5,976,153
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Golden Sky receives Yukon land application notification

2026-06-11 20:28 ET - News Release

Mr. John Newell reports

GOLDEN SKY MINERALS RECEIVES GOVERNMENT NOTIFICATION OF ADVANCING INFRASTRUCTURE NEAR LUCKY STRIKE PROPERTY

Golden Sky Minerals Corp. has received formal notification from the government of Yukon's Land Management Branch regarding Newmont's land application (No. 2024-2200) for borrow pit sites along the Northern Access Route. This application supports the construction of an all-season road from Dawson City to the Coffee gold project.

Importantly, the footprint of this application overlaps five Golden Sky quartz claims (YE78662, YF06681, YF06641, YF06642 and YF06644), which form part of Golden Sky Minerals' 150-square-kilometre Lucky Strike property, located in the heart of the Yukon's White Gold district.

John Newell, president and chief executive officer of Golden Sky Minerals, commented: "We view this notification as a major validation of the Coffee corridor's growing significance and the region's future as a productive, accessible gold district. The Northern Access Route will transform the exploration economics at Lucky Strike by enabling road access to a currently helicopter-supported project. This is a long-term gamechanger for our ability to explore the property efficiently, safely and cost-effectively."

Key implications for Golden Sky's Lucky Strike property:

  • Lower exploration costs: Road access significantly reduces reliance on helicopters, reducing mobilization and support costs.
  • Operational flexibility: Expanded seasonal operational windows and more frequent work programs are now viable.
  • District visibility: The project is directly tied into a corridor that includes Newmont's 3.8-million-ounce (3.0 million ounces gold, measured and indicated, and 800,000 oz inferred) Coffee gold project, recently acquired by Fuerte Metals Corp., and White Gold Corp.'s portfolio to the north. Fuerte has recently changed its name to Talamore Mining.
  • Strategic leverage: Infrastructure buildout enhances long-term value of Golden Sky's dominant land position in the White Gold district.

The NAR is widely viewed as a transformative infrastructure investment for the region, enabling year-round vehicle access to multiple projects in a historically underexplored gold belt. Golden Sky supports this initiative and submitted formal comments to the Land Management Branch before the May 29, 2026, deadline. These communications will emphasize the company's support for infrastructure development while requesting appropriate co-ordination with the road construction contractor, Cobalt Construction Inc., to minimize any temporary disruptions to the company's exploration activities. Supporting documents for the Coffee project and Northern Access Route are available on the YESAB on-line registry.

About Golden Sky Minerals Corp.

Golden Sky is a project-generator-style junior explorer focused on the acquisition, systematic exploration and strategic advancement of a diversified portfolio of 100-per-cent-owned mineral properties in highly prospective, mining-friendly jurisdictions. The company's strategy emphasizes securing major partners on select high-potential assets to finance exploration and minimize shareholder dilution while advancing its broader portfolio in parallel.

Golden Sky's portfolio includes the flagship Rayfield-Gjoll copper-gold project in British Columbia (subject to a $20-million earn-in and joint venture with Boliden AB), the Hotspot and Lucky Strike gold projects in Yukon's White Gold district, and the Auden gold project in Ontario's Timmins camp. All core assets are 100 per cent owned by the company with no underlying royalties.

Carl Schulze, PGeo, consulting geologist with Aurora Geosciences Ltd., is a qualified person as defined by National Instrument 43-101 for Golden Sky's B.C. exploration projects, and has reviewed and approved the technical information in this release.

We seek Safe Harbor.

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