Golden Sky receives permit to drill at Rayfield-Gjoll

Executive Summary

• Golden Sky Minerals Corp. has received a second drill permit from the British Columbia Ministry of Mining and Critical Minerals to expand exploration at its Rayfield-Gjoll copper-gold property.
• The 2026 exploration program is structured in two phases: Phase 1 will conduct an induced polarization (IP) geophysical survey, followed by Phase 2 comprising up to 3,000 metres of diamond drilling to test identified geochemical and geophysical anomalies.
• The expansion targets the Gnome and Semlin zones, which display strong porphyry-style copper-gold signatures, and strengthens the company's ongoing collaboration with Boliden under an earn-in agreement.

Key Details

• Permit & Authority: Second drill permit granted by the BC Ministry of Mining and Critical Minerals.
• Property Location & Size: Rayfield-Gjoll copper-gold property, south-central British Columbia; 87,660 hectares located less than 60 km northwest of Kamloops, B.C.
• Regional Context: Situated within the Quesnel trough, a premier porphyry copper belt hosting major operations (Teck, Taseko, New Gold, Hudbay, Imperial Metals); benefits from robust infrastructure and all-season access.
• Phase 1 (Early 2026): Induced polarization (IP) geophysical survey to test geochemical and geophysical anomalies outlined from previous exploration.
• Phase 2: Up to 3,000 metres of diamond drilling to test anomalies identified by the IP survey.
• Gnome Target: ~1.8 km x 1.5 km Cu-Au-Zn-As-Mo soil anomaly with limited historical drilling; ZTEM survey identified a major resistive anomaly interpreted as a buried porphyry system; historical surface samples up to 0.22% Cu and 1.02 g/t Au; widespread phyllic and propylitic alteration consistent with upper porphyry zones; historical drill hole 72455 intersected 0.1% Cu over 68m with disseminated pyrite.
• Semlin Target: ~1.4 km x 0.9 km Cu-Au-Zn-As-Mo soil anomaly; located along the edge of a high-resistivity batholith (favourable porphyry setting); surface samples up to 0.2% Cu, 135 ppm Mo, and 55 ppb Au; dioritic-monzonitic intrusion mapped along anomaly edge associated with disseminated pyrite and quartz veining.
• Strategic Partnership: Progress strengthens collaboration with Boliden under an existing earn-in agreement; company targets an active, results-driven 2026 exploration season.

Notable Quotes

• John Newell, President & CEO: "Receiving this second drill permit from the British Columbia Ministry of Mining and Critical Minerals is a significant milestone for Golden Sky. It enables us to expand exploration at the highly prospective Gnome and Semlin target areas, which exhibit compelling geochemical and geophysical signatures consistent with porphyry-style copper-gold systems. With our first permit now active and this second one in hand, we are well positioned to advance systematic exploration across the Rayfield-Gjoll property. This progress also strengthens our collaboration with Boliden as part of the earn-in agreement, and we look forward to an active and results-driven 2026 exploration season."