Golden Sky receives permit to drill at Rayfield-Gjoll

Mr. John Newell reports GOLDEN SKY GRANTED SECOND PERMIT TO DRILL THE RAYFIELD-GJOLL PROPERTY, EXPANDS EXPLORATION TO GNOME AND SEMLIN TARGETS Golden Sky Minerals Corp. has received its permit to drill at the Gnome and Semlin target zones on the Rayfield-Gjoll copper-gold property in south-central British Columbia, Canada. Phase 1 of the program is proposed to begin in early 2026 with an induced polarization (IP) geophysical survey to test the geochemical and geophysical anomalies outlined from previous exploration programs. Phase 2 will comprise up to 3,000 metres of diamond drilling to test geochemical and geophysical anomalies identified by the IP survey. The contiguous Rayfield-Gjoll property, located less than 60 kilometres northwest of Kamloops, B.C., encompasses 87,660 hectares within the prolific Quesnel trough, one of Canada's premier porphyry copper belts. This metallogenic corridor hosts several major mining operations, including Teck's Highland Valley copper mine, Taseko's Gibraltar mine, New Gold's New Afton mine, Hudbay Minerals' Copper Mountain mine and Imperial Metals' Mount Polley mine. The Quesnel trough is characterized by significant metal endowment and a well-established production history; however, vast areas remain underexplored by modern, systematic exploration methodologies. The region benefits from robust infrastructure and all-season access which support efficient exploration and development activities. John Newell, president and chief executive officer of Golden Sky Minerals, states: "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." Gnome target Large-scale approximately 1.8-kilometre-by-1.5-kilometre geochemical copper-gold-zinc-arsenic-molybdenum (Cu-Au-Zn-As-Mo) soil anomaly (see Dec. 6, 2022, news release) with limited historical drilling. The ZTEM geophysical survey identified a major resistive anomaly dipping to the northeast, interpreted as a buried porphyry system (see July 23, 2025, news release). Historical surface sample assays up to 0.22 per cent Cu and 1.02 grams per tonne Au (Morin, 1988). Favourable alteration: Widespread phyllic and propylitic zones across the target are consistent with surface exposures of the upper zones of an underlying porphyry system. Historical drill hole 72455 intersected 0.1 per cent Cu over the final 68 m (Brauset, 1998), with increasing gold grades associated with abundant disseminated pyrite. This has been interpreted as the inner portions of the pyrite halo, which may grade into the main porphyry-style mineralized zone with depth. Coincident magnetic, gravity and radiometric anomalies aligned with alkalic Cu-Au porphyry signatures in the Quesnel terrane. Semlin target Large-scale approximately 1.4 km by 0.9 km geochemical soil anomaly (Cu-Au-Zn-As-Mo) (see Dec. 6, 2022, news release). Located along the edge of a high-resistivity batholith -- interpreted to be a favourable porphyry setting. Surface samples assayed up to 0.2 per cent Cu, 135 ppm Mo, 55 ppb Au (2022), highlighting the potential for a mineralized copper-gold porphyry system. Dioritic-monzonitic intrusion mapped along edge of geophysical and geochemical anomaly is associated with disseminated pyrite and quartz veining. About Golden Sky Minerals Corp. Golden Sky Minerals is a well-financed junior grassroots explorer engaged in the acquisition, assessment, exploration and development of mineral properties located in highly prospective areas and mining-friendly districts. Golden Sky's mandate is to develop its portfolio of properties to the mineral resource stage through systematic exploration. Its portfolio includes the Rayfield-Gjoll copper-gold project in British Columbia, the Hotspot and Luckystrike gold projects in Yukon, and the Auden gold project in Ontario's Timmins camp. The company was incorporated in 2018 and is headquartered in Vancouver, B.C., Canada. We seek Safe Harbor.