Golden Sky gets OK, outlines NSR terms with Boliden

Executive Summary

• Golden Sky Minerals Corp. has received approval from the TSX Venture Exchange for its option and joint venture agreement with Boliden Minerals Canada Ltd.
• The company provided supplemental disclosure regarding the Net Smelter Returns (NSR) royalty terms as requested by the exchange.
• Boliden can earn up to an 80% interest in the Rayfield copper-gold property through cash payments and exploration expenditures, with remaining interests converting to an NSR royalty if diluted below 10%.

Key Details

• Regulatory Status: Received TSX Venture Exchange approval for the option and joint venture agreement.
• Counterparties: Golden Sky Minerals Corp. and Boliden Minerals Canada Ltd.
• Asset: Rayfield copper-gold property in south-central British Columbia.
• Earn-In Structure: Boliden may earn up to an 80% interest by:
  • Making cash payments totaling $1 million over five years.
  • Funding up to $19 million in exploration expenditures over six years.
• Joint Venture Formation: Upon completion of the earn-in, a joint venture will be formed, combining the Rayfield property with Boliden's adjoining Gjoll property.
• NSR Royalty Terms:
  • Trigger: If a party's interest in the joint venture is reduced to below 10%, its remaining interest automatically converts into a 1.0% Net Smelter Returns (NSR) royalty on the Rayfield-Gjoll property.
  • Cap: Maximum aggregate royalty payable is $15 million.
  • Status: The NSR is not an upfront or current obligation; no NSR is currently outstanding or payable.
• Transaction Nature: Arm's length transaction; no finders' fees are being paid.
• Previous Disclosures: This release supplements news releases dated Sept. 3, 2025, and Nov. 17, 2025, which described key terms and shareholder approval.

Notable Quotes

• "This transaction is arm's length to the company and no finders' fees are being paid."