Mr. Russell Bradford reports

GOLDSKY RESOURCES CLOSES BARSELE GOLD PROJECT TRANSACTION AND CONSOLIDATES 100% OWNERSHIP

Goldsky Resources Corp. has closed the previously announced acquisition of the remaining 55-per-cent interest in the Barsele gold project in Sweden, resulting in Goldsky consolidating 100-per-cent ownership of Barsele.

"We are very pleased to complete this transformational Barsele transaction, marking an exciting new chapter for Goldsky. We now look forward to advancing what is expected to be one of the largest drilling campaigns ever undertaken across the Barsele licence. I would also like to welcome the Sweden-based team joining Goldsky as part of the transaction, whose expertise and knowledge of the extensive exploration and environmental work completed to date will be invaluable as we move forward," said Russell Bradford, chief executive officer.

The transaction was completed pursuant to a share purchase agreement dated Jan. 28, 2026, between Goldsky Resources and Agnico Eagle Sweden AB, a wholly owned subsidiary of Agnico Eagle Mines Ltd., pursuant to which Goldsky Resources acquired Agnico Sweden's 55-per-cent interest in Gunnarn Mining AB. Consideration for the transaction included a cash payment of $20-million (U.S.), the issuance of 75,509,577 common shares of the company to Agnico Eagle (indirectly through Agnico Sweden) and the grant of a 2-per-cent net smelter return royalty on Barsele to Agnico Sweden. The company has also assumed Agnico Eagle's obligations under an existing 2-per-cent net smelter return royalty on Barsele in favour of Orex Minerals Inc. Please see the company's news release dated Jan. 28, 2026, for further details on the transaction.

In connection with closing of the transaction, Goldsky Resources and Agnico Eagle entered into an investor rights agreement providing Agnico Eagle with certain participation, top-up and board nomination rights, as well as demand and piggyback registration rights, all on customary terms. Agnico Eagle has advised the company that it does not intend to exercise its board nomination rights at this time. As announced on April 9, 2026, the company received disinterested shareholder approval for the creation of Agnico Eagle as a control person (as such term is defined under the policies of the TSX Venture Exchange of the company. The transaction was completed on an arm's-length basis and has received final approval of the TSX-V.

Barsele comprises certain exploration and exploitation permits, all of which are in good standing. Certain exploration permits are approaching their expiry date; however, the permits may be renewed so long as the company is able to demonstrate that extensive exploration work has been carried out on Barsele and the company intends to complete a substantial exploration program such that Barsele has advanced to a stage where further exploration work may lead to a mining operation. Such permits are typically renewed in the normal course and Goldsky is confident that the conditions will be met to grant a permit extension and that such permits will be extended.

Goldsky Resources paid Nuvolari Capital Ltd., an arm's-length party, a finder's fee in connection with completion of the transaction, equal to 3 per cent of the aggregate value of the cash consideration and consideration shares paid and issued under the transaction, with an aggregate value of approximately $6,797,559. The finder's fee was satisfied by way of issuance of 2,574,833 common shares of the company based on a deemed price of $2.64 per Nuvolari share, which is equal to the 20-day VWAP (volume-weighted average price) of the Goldsky Resources shares immediately prior to announcement of the transaction. In addition, further to the company's news release dated Sept. 15, 2025, Goldsky will issue 468,550 common shares of the company at a deemed price of $3.20 per Bradford share to Mr. Bradford, chief executive officer of the company, in connection with the satisfaction of certain conditions set out in his employment agreement. The consideration shares, Nuvolari shares and Bradford shares are or will be, as applicable, subject to a four-month hold period from their date of issue pursuant to applicable Canadian securities laws and the policies of the TSX-V. The issuance of the Bradford shares remains subject to the approval of the TSX-V.

Certified adviser

Augment Partners AB is the company's certified adviser on Nasdaq First North Growth Market.

Phone:  46-8-604-22-55

E-mail:  info@augment.se

Qualified person

The technical and scientific information in this news release relating to Goldsky Resources' was reviewed, verified and approved by Benjamin Gelber, a practising professional geologist (PGeo) registered with Engineers & Geoscientists British Columbia (EGBC licence No. 33258), former vice-president, exploration, of Lithium Africa Resources Corp., and former vice-president, exploration, and chief technical adviser of Goldsky Resources. He is a qualified person as defined in National Instrument 43-101 and has reviewed and approved the scientific and technical information within this news release. Mr. Gelber is a consultant of Goldsky Resources and considered independent of Goldsky Resources under NI 43-101.

About Goldsky Resources Corp.

Goldsky Resources is a publicly listed gold exploration company, consolidating assets in Sweden and Finland. The company's flagship asset is the 100-per-cent-owned Barsele gold project in central Sweden. Barsele is host to an indicated mineral resource of 7.88 million tonnes grading 1.27 grams per tonne gold containing 320,000 ounces gold and an inferred mineral resource of 28.75 million tonnes grading 1.98 grams per tonne gold containing 1.83 million ounces gold.

Goldsky Resources owns a district-scale licence position surrounding Barsele totalling approximately 80,000 hectares on Sweden's Gold Line greenstone belt comprising two additional projects (Paubacken and Storjuktan).

Additionally, in central Finland, Goldsky Resources is the 100-per-cent owner of a district-scale position covering the entire underexplored Oijarvi greenstone belt, including the Kylmakangas deposit, the largest known gold occurrence on this belt. Goldsky Resources is also the 100-per-cent owner of the Rajapalot gold-cobalt project, situated in northern Finland, which has an inferred resource of 9,.78 million tonnes containing 867,000 ounces gold at 2.8 grams per tonne gold and 4,300 tonnes cobalt at 441 parts per million cobalt (NI 43-101 technical report on a preliminary economic assessment of the Rajapalot gold-cobalt project, Finland, effective date: Dec. 19, 2023, prepared for Mawson Finland Ltd. by SRK Consulting (U.K.) Ltd. (SRK qualified persons: Christopher Bray Beng (mining), MAusIMM (CP), Ove Klaver, MSc (geology), EurGeol, Eemeli Rantala, MSc (geology), PGeo, Craig Brown, BE (chemistry), GradDipGeosci, FAusIMM, and Mathieu Gosselin, Beng (mining), PEng).

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