Blue Sky Uranium Reports Positive Final Infill Drilling Results as It Advances Towards Prefeasibility-Feasibility Studies at Ivana Deposit, Amarillo Grande Project, Argentina

Executive Summary

• Blue Sky Uranium and JV partner IMSA completed a 328‑hole, 4,959 m infill RC drilling program at the Ivana uranium‑vanadium deposit.
• The program intersected high‑grade zones, including up to 7,003 ppm U₃O₈ over 1 m (hole AGI‑884) and multiple intervals averaging >3,000 ppm U₃O₈.
• Results increase geological confidence, confirm continuity of previously identified high‑grade horizons, and support upgrading inferred resources in an upcoming mineral resource estimate.

Key Details

• Drilling Scope: 328 vertical holes, total 4,959 m (average depth ≈15 m per hole). Combined with prior work, the Ivana Deposit now has 1,166 holes totaling 15,828 m RC drilling.
• High‑Grade Intercepts:
• Hole AGI‑884 – 4 m @ 4,368 ppm U₃O₈ (starting at 9 m), including 1 m @ 7,003 ppm and 1 m @ 6,237 ppm.
• Hole AGI‑873 – 2 m @ 4,433 ppm U₃O₈ (starting at 9 m), including 1 m @ 5,918 ppm and 1 m @ 2,947 ppm.
• Hole AGI‑880 – 3 m @ 2,923 ppm U₃O₈ (starting at 11 m), including 1 m @ 5,671 ppm and 1 m @ 2,069 ppm.
• Additional notable intervals: AGI‑883 (1 m @ 4,162 ppm), AGI‑1157 (3 m @ 3,109 ppm), AGI‑957 (2 m @ 3,065 ppm).
• Hit Rate: ~15% of holes (51/328) intersected ≥0.1 % U₃O₈ (≥1,000 ppm); highest individual intercepts reached 0.7 % U₃O₈.
• Objectives Met:
  1. Confirm continuity of mineralization.
  2. Refine deposit limits.
  3. Provide data to support upgrading inferred resources in a future NI‑43‑101 resource estimate.
• QA/QC: 579 QA/QC samples (10.5% of total) inserted; external audit by Lions Gate Geological Consulting confirmed data consistency with previous campaigns.
• Drilling Contractor & Equipment: Patagonia Drilling using Atlas Copco FlexiROC D65 rig, equipped for dust‑controlled RC sampling.
• Sample Processing: ALS labs in Mendoza (pre‑prep) and Lima (ICP‑AES/MS analysis). Standard industry QA/QC protocols applied.
• Qualified Person: Ariel Testi, CPG, reviewed and approved technical content per NI 43‑101.

Notable Quotes

“The infill drilling program represents an important technical milestone for Ivana and it was completed on time for us to maintain the schedule established in our recent Gap Analysis.” – Nikolaos Cacos, President & CEO, Blue Sky Uranium Corp.