Mr. Nikolaos Cacos reports

BLUE SKY INITIATES HYDROGEOLOGICAL PROGRAM TO SUPPORT FUTURE DEVELOPMENT OF THE IVANA URANIUM-VANADIUM DEPOSIT

Blue Sky Uranium Corp. and Ivana Minerales SA (IMSA, the operating company for the joint venture between Blue Sky and a subsidiary of Corporacion America Group (COAM)) have initiated a hydrogeological study in the vicinity of the Ivana uranium-vanadium deposit within its 100-per-cent-owned Amarillo Grande project in Rio Negro province, Argentina. The program is designed to evaluate potential water sources required to support future mining and processing operations as well as to characterize groundwater conditions relevant to potential mine dewatering requirements.

The hydrogeological program will include geophysical surveys, drilling of exploratory water wells, installation of groundwater monitoring piezometers, short- and long-duration pumping tests, water quality analysis, and the development of a hydrogeological model for the project area. The results of this work will support continuing technical studies related to future development of the Ivana deposit.

The program commenced in early March and is estimated to require approximately five months to complete. The cost of the hydrogeological study is currently estimated at approximately $400,000 (U.S.), excluding additional work such as drilling of water wells and pumping tests, which will be defined as the program advances.

Nikolaos Cacos, president and chief executive officer of Blue Sky, commented: "Advancing hydrogeological studies is an important step in the technical progression of the Ivana deposit toward future development stages. Understanding groundwater conditions and identifying reliable water supply options early in the engineering process helps reduce project risk and supports the advancement of the project toward prefeasibility- and feasibility-level studies."

The hydrogeological study is being carried out by Hidroar SA, a specialized Argentine hydrogeological consulting firm with more than 30 years of experience providing groundwater and water resource services to the mining, oil and gas, institutional, and infrastructure sectors.

Qualified persons

The technical contents of this news release have been reviewed and approved by Ariel Testi, CPG, who works for the company and is a qualified person as defined in National Instrument 43-101.

About Ivana Minerales SA

Ivana Minerales is the operating company for the joint venture between Blue Sky and its partner, Abatare Spain SLU, to advance the Ivana uranium-vanadium deposit in Rio Negro province of Argentina. The activities of JVCO are subject to the earn-in transaction in which COAM will finance cumulative expenditures of $35-million (U.S.) to acquire a 49.9-per-cent indirect equity interest in the Ivana deposit and then has the further right to earn up to an 80-per-cent equity interest in JVCO by completion of a feasibility study and financing the costs and expenditures up to $160-million (U.S.) to develop and construct the project to commercial production, subject to the terms and conditions in the agreement. JVCO also has a call option to acquire a 100-per-cent interest in all or part of certain exploration targets owned by Blue Sky's 100-per-cent-held subsidiary, subject to certain conditions. For additional details, please refer to the news release dated Feb. 27, 2025, as well as the company's latest financial statements and management discussion and analysis, available on Blue Sky's website.

About Blue Sky Uranium Corp.

Blue Sky Uranium is a leader in uranium discovery in Argentina. The company's objective is to deliver exceptional returns to shareholders by rapidly advancing a portfolio of uranium deposits into low-cost producers while respecting the environment, the communities and the cultures in all the areas in which the company works. Blue Sky's flagship Amarillo Grande project was an in-house discovery of a new district that has the potential to be both a leading domestic supplier of uranium to the growing Argentine market and a new international market supplier. The company's Corcovo project has potential to host an in situ recovery (ISR) uranium deposit. The company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993.

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